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Economy of Bulgaria vs Dominican Republic compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $124B for the Dominican Republic, ranking 67/197 and 63/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $73.1B (58.8% of GDP) in the Dominican Republic.

Bulgaria vs Dominican Republic GDP by year

Bulgaria
Dominican Republic
1x
Year GDP, current $
Bulgaria Dominican Republic
2024 $113,343,355,780 $124,282,245,639
2023 $102,199,231,385 $120,456,239,154
2022 $90,506,153,294 $113,478,087,135
2021 $84,374,613,233 $94,850,719,517
2020 $70,486,877,546 $78,546,672,407
2019 $68,507,731,354 $89,146,130,745
2018 $66,097,226,262 $84,994,732,049
2017 $59,167,647,388 $79,070,274,743
2016 $53,929,397,039 $75,552,902,636
2015 $50,765,918,159 $70,966,782,572
2014 $57,080,897,012 $67,014,329,100
2013 $55,819,262,375 $62,555,417,415
2012 $54,297,052,002 $60,561,635,556
2011 $57,681,293,007 $57,948,261,616
2010 $50,689,051,382 $53,801,053,353
2009 $52,023,801,230 $48,223,781,477
2008 $54,480,684,188 $48,091,433,554
2007 $44,431,257,129 $43,965,458,509
2006 $34,380,536,496 $37,879,830,084
2005 $29,868,657,858 $35,777,560,684
2004 $26,157,743,369 $22,322,387,382
2003 $21,144,957,990 $21,403,167,848
2002 $16,403,043,850 $27,137,440,786
2001 $14,183,446,026 $25,601,823,688
2000 $13,245,990,274 $24,305,780,629
1999 $13,637,098,579 $22,136,579,397
1998 $15,031,055,047 $21,672,215,547
1997 $11,316,127,379 $20,017,450,041
1996 $12,294,964,838 $18,241,622,548
1995 $18,991,484,420 $16,637,370,839
1994 $9,709,240,034 $14,644,734,599
1993 $10,832,064,942 $13,081,042,400
1992 $8,602,887,623 $11,605,382,504
1991 $7,628,738,475 $9,824,483,340
1990 $20,632,090,909 $7,073,675,545
1989 $21,988,444,444 $6,686,593,060
1988 $22,555,941,176 $5,374,299,981
1987 $28,101,000,000 $5,827,050,753
1986 $20,249,294,118 $6,122,128,558
1985 $17,155,421,053 $5,044,579,979
1984 $17,594,944,444 $11,594,000,000
1983 $16,563,666,667 $9,220,600,000
1982 $19,342,000,000 $8,267,400,000
1981 $19,870,000,000 $7,561,300,000
1980 $19,839,230,769 $6,761,300,000
1979 - $5,498,800,000
1978 - $4,734,400,000
1977 - $4,587,100,000
1976 - $3,951,500,000
1975 - $3,599,200,000
1974 - $2,925,700,000
1973 - $2,344,800,000
1972 - $1,987,400,000
1971 - $1,666,500,000
1970 - $1,485,500,000
1969 - $1,230,500,000
1968 - $1,079,100,000
1967 - $1,034,800,000
1966 - $983,900,000
1965 - $888,100,000
1964 - $1,025,599,900
1963 - $940,799,900
1962 - $824,100,000
1961 - $654,100,200
1960 - $672,399,700

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bulgaria/dominican-republic | CC BY

GDP per capita in Bulgaria vs Dominican Republic by year

Bulgaria
GDP per capita

GDP per capita, PPP
Dominican Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Dominican Republic
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $10,876 $27,542
2023 $15,853 $38,829 $10,630 $25,840
2022 $13,999 $36,320 $10,104 $24,626
2021 $12,966 $30,959 $8,527 $22,053
2020 $10,760 $27,352 $7,135 $18,998
2019 $10,354 $26,766 $8,183 $19,767
2018 $9,849 $23,998 $7,883 $17,995
2017 $8,697 $22,317 $7,413 $16,846
2016 $7,822 $20,746 $7,160 $16,282
2015 $7,269 $18,896 $6,801 $14,804
2014 $8,070 $17,991 $6,496 $13,465
2013 $7,796 $16,894 $6,137 $12,414
2012 $7,432 $16,327 $6,014 $11,777
2011 $7,850 $15,747 $5,827 $11,695
2010 $6,854 $14,954 $5,479 $11,246
2009 $6,988 $14,188 $4,974 $10,382
2008 $7,271 $14,347 $5,024 $10,346
2007 $5,889 $12,822 $4,650 $9,951
2006 $4,523 $11,406 $4,055 $9,130
2005 $3,900 $10,291 $3,878 $8,215
2004 $3,390 $9,200 $2,452 $7,375
2003 $2,719 $8,416 $2,383 $7,098
2002 $2,093 $7,786 $3,066 $7,158
2001 $1,771 $6,960 $2,936 $6,848
2000 $1,621 $6,424 $2,831 $6,639
1999 $1,661 $5,808 $2,621 $6,305
1998 $1,820 $6,178 $2,608 $5,963
1997 $1,361 $5,751 $2,449 $5,618
1996 $1,470 $6,849 $2,271 $5,161
1995 $2,259 $7,743 $2,109 $4,871
1994 $1,150 $7,338 $1,892 $4,599
1993 $1,279 $7,032 $1,722 $4,474
1992 $1,007 $6,917 $1,558 $4,151
1991 $884 $7,215 $1,346 $3,722
1990 $2,367 $7,548 $989 $3,641
1989 $2,477 - $955 -
1988 $2,511 - $784 -
1987 $3,132 - $868 -
1986 $2,260 - $932 -
1985 $1,915 - $784 -
1984 $1,964 - $1,844 -
1983 $1,853 - $1,500 -
1982 $2,169 - $1,376 -
1981 $2,235 - $1,288 -
1980 $2,239 - $1,180 -
1979 - - $984 -
1978 - - $868 -
1977 - - $863 -
1976 - - $763 -
1975 - - $713 -
1974 - - $595 -
1973 - - $490 -
1972 - - $427 -
1971 - - $368 -
1970 - - $338 -
1969 - - $287.7 -
1968 - - $259.6 -
1967 - - $256.2 -
1966 - - $250.9 -
1965 - - $233.2 -
1964 - - $277.3 -
1963 - - $262.2 -
1962 - - $236.8 -
1961 - - $193.9 -
1960 - - $205.7 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/bulgaria/dominican-republic | CC BY

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $10,876 in the Dominican Republic, ranking 83/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while the Dominican Republic ranks 76th at $27,542.

Economic indicators

Bulgaria Dominican Republic
Gross domestic product
$113B
2024
$124B
2024
GDP rank
67/197
2024
63/197
2024
GDP growth
3.39%
2023-2024
4.95%
2023-2024
GDP per capita
$17,596
2024
$10,876
2024
GDP per capita rank
64/197
2024
83/197
2024
GDP per capita, PPP
$41,969
2024
$27,542
2024
GDP per capita PPP rank
54/197
2024
76/197
2024
Government debt
$27.3B
2024
$73.1B
2024
Debt-to-GDP ratio
24.1%
2024
58.8%
2024
Government debt per person
$4,237
2024
$6,394
2024
Government debt per person rank
90/185
2024
71/185
2024
Average annual personal income after taxes
$14,263
2026
$6,547
2026
Market capitalization of domestic companies
$8.41B
2024
n/a
Number of billionaires
2
2025
n/a
Income share by richest 10%
31.1%
2023
29.5%
2024
Income share by poorest 10%
2.1%
2023
2.3%
2024
Government expenditure, % of GDP
36.7%
2024
19.5%
2024
Consumer prices inflation
2.6%
2023-2024
3.3%
2023-2024
Central bank interest rate
1.81%
2025
5.5%
2025
Unemployment rate
4.17%
2024
5.31%
2024
Population
6359449
11637906

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Dominican Republic
Spending

Debt
1x
Year % of GDP
Bulgaria Dominican Republic
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 19.5% 58.8%
2023 37.4% 22.9% 19.1% 60.5%
2022 37.6% 22.5% 18.5% 59.6%
2021 38.4% 23.8% 18.4% 62.8%
2020 37.6% 22.7% 22.2% 71.8%
2019 36% 18.4% 17.8% 53.5%
2018 34.4% 20.1% 16.5% 50.8%
2017 32% 22.9% 17.3% 49.5%
2016 32.7% 27% 17% 46.7%
2015 37.3% 25.4% 16.7% 44.8%
2014 37.1% 26.3% 17% 45%
2013 35.5% 17.2% 18.5% 46.8%
2012 32.5% 16.5% 19.8% 42.4%
2011 32% 14.3% 16% 39.1%
2010 34.6% 14.1% 16.1% 37.4%
2009 33.8% 14.5% 16.2% 36.8%
2008 33.5% 14.7% 18.5% 33.6%
2007 33.1% 17.6% 16.3% 32.9%
2006 32.5% 22.6% 17% 36%
2005 34% 28.5% 15.5% 38.3%
2004 34.6% 37.8% 17.3% 34.3%
2003 35.8% 45.4% 17.2% 48.2%
2002 35.1% 53.4% 16.5% 21.5%
2001 36.5% 67.1% 14.9% 20.4%
2000 37.1% 73.3% 14.1% 16.7%
1999 36.2% 78.7% 13.4% 16%
1998 30.6% 67.3% 12.6% 13.2%
1997 32.9% 88.4% 13.2% 13.8%
1996 44% 113.8% 11.4% 23%
1995 45.4% 72% 11% 25.7%
1994 - - 12.1% 28.5%
1993 - - 13% 36.1%
1992 - - 10.4% 38.5%
1991 - - 8.65% 47.3%
1990 - - 9.1% 84.7%
1989 - - 11.3% 62.5%
1988 - - 12.8% 77%
1987 - - 11.2% 86.9%
1986 - - 10.4% 63.8%
1985 - - 9.8% 66.3%
1984 - - 9.32% 28.9%
1983 - - 10.2% 32.9%
1982 - - 10.2% 33.1%
1981 - - 12.1% 29.8%
1980 - - 12.8% 15.2%
1979 - - 13.8% 24%
1978 - - 12.3% 20.9%
1977 - - 11.4% 16.4%
1976 - - 12.5% 15.6%
1975 - - 13.7% 13.1%
1974 - - 14.6% 14.6%
1973 - - 13.7% 14.6%
1972 - - 14.1% 16.4%
1971 - - 13.8% 17.8%
1970 - - 13.3% 18%
1969 - - 15.5% 17.4%
1968 - - 15.5% 18.1%
1967 - - 15% 16.2%
1966 - - 15.2% 14.5%
1965 - - 12.8% -
1964 - - 16.7% -
1963 - - 15.1% -
1962 - - 15.7% -
1961 - - 20% -
1960 - - 20.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/dominican-republic | CC BY

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while the Dominican Republic spent $24.2B, or 19.5% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 58.8% in the Dominican Republic, ranking 169/185 and 83/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Dominican Republic
1x
Year Deficit/surplus, % of GDP
Bulgaria Dominican Republic
2024 -3.04% -3.09%
2023 -3.03% -3.28%
2022 -0.8% -3.25%
2021 -2.8% -2.92%
2020 -2.92% -7.94%
2019 -0.96% -3.46%
2018 0.12% -2.17%
2017 0.82% -3.12%
2016 1.54% -3.11%
2015 -2.77% -0.03%
2014 -3.65% -2.76%
2013 -1.75% -4.41%
2012 -0.43% -6.26%
2011 -1.83% -3.07%
2010 -3.77% -2.97%
2009 -0.86% -2.9%
2008 2.73% -3.43%
2007 3.09% 0.28%
2006 3.22% -1.69%
2005 2.19% -0.71%
2004 1.59% -3.6%
2003 0.003% -4.24%
2002 -0.61% -2.28%
2001 -0.58% -0.73%
2000 -0.6% -0.86%
1999 0.15% -0.79%
1998 1.08% -0.29%
1997 0.83% -0.64%
1996 -10.1% 0.14%
1995 -7.98% 0.82%
1994 - -0.39%
1993 - -0.16%
1992 - 2.35%
1991 - 0.11%
1990 - 0.39%
1989 - -0.09%
1988 - -1.68%
1987 - -0.75%
1986 - -0.57%
1985 - -1.27%
1984 - -0.95%
1983 - -1.74%
1982 - -2.4%
1981 - -1.92%
1980 - -1.82%
1979 - -3.26%
1978 - -0.82%
1977 - 0.15%
1976 - -0.22%
1975 - 1.37%
1974 - -0.93%
1973 - -0.53%
1972 - -1.73%
1971 - -0.85%
1970 - -0.68%
1969 - -0.99%
1968 - -0.99%
1967 - -1.68%
1966 - -2.14%
1965 - -1.84%
1964 - -1.36%
1963 - -0.39%
1962 - -1.17%
1961 - -3%
1960 - -0.61%
1959 - -0.29%
1958 - -1.29%
1957 - 0.21%
1956 - -0.05%
1955 - 1.47%
1954 - 1.43%
1953 - 2.79%
1952 - 0%
1951 - -2.58%
1950 - -3.66%
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 0% -
1943 0% -
1942 -0.3% -
1941 3.96% -
1940 0.75% -
1939 0.72% -
1938 1% -
1937 1.41% -
1936 1.17% -
1935 1.34% -
1934 -0.12% -
1933 -0.56% -
1932 -2.14% -
1931 -3.07% -
1930 -5.48% -
1929 -6.67% -
1928 -1.09% -
1927 -0.02% -
1926 -0.25% -
1925 -0.97% -
1924 1.26% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/dominican-republic | CC BY

In 2024, Bulgaria's government deficit, the difference between spending and revenue, was $3.44B, equivalent to 3.04% of GDP. This compares to the Dominican Republic's deficit of $3.84B, or 3.09% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while the Dominican Republic ran a deficit in 27 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 2.43% of GDP for the Dominican Republic.

Inflation comparison by year

Inflation
Bulgaria

Dominican Republic
1x
Year Consumer prices inflation
Bulgaria Dominican Republic
2024 2.6% 3.3%
2023 8.6% 4.79%
2022 13% 8.81%
2021 2.8% 8.24%
2020 1.2% 3.78%
2019 2.5% 1.81%
2018 2.6% 3.56%
2017 1.2% 3.28%
2016 -1.3% 1.61%
2015 -1.1% 0.84%
2014 -1.6% 3%
2013 0.4% 4.83%
2012 2.4% 3.69%
2011 3.4% 5.8%
2010 3% 6.33%
2009 2.5% 1.44%
2008 12% 10.6%
2007 7.6% 6.14%
2006 7.4% 7.57%
2005 6% 4.19%
2004 6.1% 51.5%
2003 2.3% 27.4%
2002 5.8% 5.22%
2001 7.4% 8.88%
2000 10.3% 7.72%
1999 2.6% 6.47%
1998 18.7% 4.83%
1997 1,061% 8.3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/bulgaria/dominican-republic | CC BY

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 7.64% in the Dominican Republic. In 2024, inflation was 2.6% in Bulgaria and 3.3% in the Dominican Republic.

Top exports between countries

Bulgaria
Export category Export value
Chemicals & pharma $1.98M
Machinery & equipment $1.19M
Processed food, beverages & tobacco $1.07M
Textiles & consumer goods $488K
Raw materials & minerals $126K
Wood & paper products $74K
Miscellaneous $63K
Metals $46K
Raw agricultural goods $44K
Precious metals & jewellery $3K
Dominican Republic
Export category Export value
Processed food, beverages & tobacco $2.18M
Machinery & equipment $27K
Textiles & consumer goods $11K
Animal & marine products $9K
Chemicals & pharma $5K
Raw agricultural goods $3K
Raw materials & minerals $3K
Wood & paper products $3K
Metals $1K

Balance of trade

Bulgaria Dominican Republic
Current account balance
-$1.74B
2024
-$4.17B
2024
Current account balance ranking
138/190
2024
163/190
2024
Current account balance, % of GDP
-1.54%
2024
-3.35%
2024
Goods imports
$52.8B
2024
$29.8B
2024
Goods exports
$47.3B
2024
$13.9B
2024
Service imports
$8.26B
2024
$6.34B
2024
Service exports
$16.6B
2024
$14.7B
2024
Imports of goods and services, % of GDP
53.9%
2024
29%
2024
Exports of goods and services, % of GDP
56.4%
2024
22.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Bulgaria Dominican Republic
Economic freedom 68.9 63.8
Economic freedom ranking 44/197 77/197
Property rights 75.8 53.9
Government integrity 48.4 39.8
Judicial effectiveness 58.5 58
Tax burden 89.1 84.4
Government spending 58.4 89.1
Fiscal health 90.4 76.6
Business freedom 78.2 71.4
Labor freedom 62.4 53.2
Monetary freedom 75.8 72.1
Trade freedom 79.4 67.4
Investment freedom 60 60
Financial freedom 50 40

Economic freedom comparison by year

Bulgaria
Dominican Republic
1x
Year Economic freedom index
Bulgaria Dominican Republic
2026 68.9 63.8
2025 68.8 64.3
2024 68.5 62.9
2023 69.3 62.6
2022 71 63
2021 70.4 62.1
2020 70.2 60.9
2019 69 61
2018 68.3 61.6
2017 67.9 62.9
2016 65.9 61
2015 66.8 61
2014 65.7 61.3
2013 65 59.7
2012 64.7 60.2
2011 64.9 60
2010 62.3 60.3
2009 64.6 59.2
2008 63.7 57.7
2007 62.7 56.8
2006 64.1 56.3
2005 62.3 55.1
2004 59.2 54.6
2003 57 57.8
2002 57.1 58.6
2001 51.9 59.1
2000 47.3 59
1999 46.2 58.1
1998 45.7 58.1
1997 47.6 53.5
1996 48.6 58.1
1995 50 55.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/bulgaria/dominican-republic | CC BY

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 63.8 for the Dominican Republic, ranking 77/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Dominican Republic
Services, % of GDP
63.8%
2024
59.8%
2024
Industry, % of GDP
21.1%
2024
28.7%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
4.45%
2024
GNI, Atlas method
$99B
2024
$117B
2024
GNI per capita, PPP
$39,850
2024
$26,050
2024
Total reserves including gold
$43.7B
2024
$13.5B
2024
Total reserves ranking
47/177
2024
71/177
2024
Net foreign direct investment
-$2.22B
2024
-$4.52B
2024
Net inflows of foreign direct investment
$3.55B
2024
$4.48B
2024
Net outflows of foreign direct investment
$1.13B
2024
-$47.3M
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
5.62%
2024
Poverty at national poverty lines
21.7%
2023
19%
2024
Gross capital formation, % of GDP
20.4%
2024
27%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/bulgaria/dominican-republic | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.