Skip to content

Economy of Bulgaria vs Eswatini compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $4.86B for Eswatini, ranking 67/197 and 162/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $1.93B (39.8% of GDP) in Eswatini.

Bulgaria vs Eswatini GDP by year

Bulgaria
Eswatini
1x
Year GDP, current $
Bulgaria Eswatini
2024 $113,343,355,780 $4,858,885,841
2023 $102,199,231,385 $4,621,191,262
2022 $90,506,153,294 $4,746,660,274
2021 $84,374,613,233 $4,807,069,277
2020 $70,486,877,546 $4,134,677,810
2019 $68,507,731,354 $4,617,018,959
2018 $66,097,226,262 $4,643,751,059
2017 $59,167,647,388 $4,462,640,651
2016 $53,929,397,039 $3,722,306,117
2015 $50,765,918,159 $3,908,217,914
2014 $57,080,897,012 $4,285,065,665
2013 $55,819,262,375 $4,463,396,204
2012 $54,297,052,002 $4,747,813,067
2011 $57,681,293,007 $4,722,912,047
2010 $50,689,051,382 $4,360,714,359
2009 $52,023,801,230 $3,525,213,502
2008 $54,480,684,188 $3,235,921,171
2007 $44,431,257,129 $3,391,122,887
2006 $34,380,536,496 $3,215,307,901
2005 $29,868,657,858 $3,097,946,371
2004 $26,157,743,369 $2,710,331,785
2003 $21,144,957,990 $2,149,632,433
2002 $16,403,043,850 $1,393,945,031
2001 $14,183,446,026 $1,502,870,486
2000 $13,245,990,274 $1,697,161,558
1999 $13,637,098,579 $1,547,888,496
1998 $15,031,055,047 $1,576,908,856
1997 $11,316,127,379 $1,716,714,070
1996 $12,294,964,838 $1,602,741,834
1995 $18,991,484,420 $1,698,989,464
1994 $9,709,240,034 $1,419,294,254
1993 $10,832,064,942 $1,357,189,552
1992 $8,602,887,623 $1,284,759,928
1991 $7,628,738,475 $1,156,135,718
1990 $20,632,090,909 $1,114,694,041
1989 $21,988,444,444 $696,921,542
1988 $22,555,941,176 $692,026,455
1987 $28,101,000,000 $584,126,092
1986 $20,249,294,118 $449,140,318
1985 $17,155,421,053 $360,079,419
1984 $17,594,944,444 $494,483,409
1983 $16,563,666,667 $555,336,146
1982 $19,342,000,000 $537,568,059
1981 $19,870,000,000 $570,774,825
1980 $19,839,230,769 $541,976,853
1979 - $412,093,134
1978 - $340,630,085
1977 - $304,060,076
1976 - $272,550,068
1975 - $288,299,789
1974 - $264,320,941
1973 - $221,915,128
1972 - $146,736,479
1971 - $136,462,081
1970 - $112,139,955
1969 - $105,419,958
1968 - $79,799,968
1967 - $74,759,970
1966 - $76,859,969
1965 - $70,279,972
1964 - $64,980,554
1963 - $54,129,438
1962 - $45,927,962
1961 - $43,026,043
1960 - $35,076,846

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

GeoRank.org/economy/bulgaria/eswatini | CC BY

GDP per capita in Bulgaria vs Eswatini by year

Bulgaria
GDP per capita

GDP per capita, PPP
Eswatini
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Eswatini
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $3,910 $11,799
2023 $15,853 $38,829 $3,756 $11,300
2022 $13,999 $36,320 $3,894 $10,635
2021 $12,966 $30,959 $3,984 $9,990
2020 $10,760 $27,352 $3,467 $9,329
2019 $10,354 $26,766 $3,913 $9,248
2018 $9,849 $23,998 $3,973 $8,535
2017 $8,697 $22,317 $3,853 $8,584
2016 $7,822 $20,746 $3,238 $8,484
2015 $7,269 $18,896 $3,420 $8,391
2014 $8,070 $17,991 $3,771 $8,366
2013 $7,796 $16,894 $3,950 $8,231
2012 $7,432 $16,327 $4,225 $7,760
2011 $7,850 $15,747 $4,225 $7,571
2010 $6,854 $14,954 $3,923 $7,324
2009 $6,988 $14,188 $3,190 $7,011
2008 $7,271 $14,347 $2,947 $6,914
2007 $5,889 $12,822 $3,109 $6,732
2006 $4,523 $11,406 $2,965 $6,319
2005 $3,900 $10,291 $2,871 $5,773
2004 $3,390 $9,200 $2,526 $5,310
2003 $2,719 $8,416 $2,015 $5,020
2002 $2,093 $7,786 $1,316 $4,742
2001 $1,771 $6,960 $1,430 $4,521
2000 $1,621 $6,424 $1,630 $4,401
1999 $1,661 $5,808 $1,502 $4,272
1998 $1,820 $6,178 $1,547 $4,137
1997 $1,361 $5,751 $1,705 $4,038
1996 $1,470 $6,849 $1,619 $3,916
1995 $2,259 $7,743 $1,751 $3,777
1994 $1,150 $7,338 $1,461 $3,526
1993 $1,279 $7,032 $1,397 $3,371
1992 $1,007 $6,917 $1,362 $3,289
1991 $884 $7,215 $1,273 $3,236
1990 $2,367 $7,548 $1,278 $3,202
1989 $2,477 - $832 -
1988 $2,511 - $865 -
1987 $3,132 - $765 -
1986 $2,260 - $611 -
1985 $1,915 - $510 -
1984 $1,964 - $726 -
1983 $1,853 - $843 -
1982 $2,169 - $843 -
1981 $2,235 - $925 -
1980 $2,239 - $908 -
1979 - - $714 -
1978 - - $610 -
1977 - - $563 -
1976 - - $521 -
1975 - - $568 -
1974 - - $536 -
1973 - - $463 -
1972 - - $315 -
1971 - - $301 -
1970 - - $254.2 -
1969 - - $245.2 -
1968 - - $190.4 -
1967 - - $182.8 -
1966 - - $192.7 -
1965 - - $181 -
1964 - - $171.6 -
1963 - - $146.4 -
1962 - - $127.1 -
1961 - - $121.8 -
1960 - - $101.6 -

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

GeoRank.org/economy/bulgaria/eswatini | CC BY

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $3,910 in Eswatini, ranking 131/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Eswatini ranks 126th at $11,799.

Economic indicators

Bulgaria Eswatini
Gross domestic product
$113B
2024
$4.86B
2024
GDP rank
67/197
2024
162/197
2024
GDP growth
3.39%
2023-2024
2.97%
2023-2024
GDP per capita
$17,596
2024
$3,910
2024
GDP per capita rank
64/197
2024
131/197
2024
GDP per capita, PPP
$41,969
2024
$11,799
2024
GDP per capita PPP rank
54/197
2024
126/197
2024
Government debt
$27.3B
2024
$1.93B
2024
Debt-to-GDP ratio
24.1%
2024
39.8%
2024
Government debt per person
$4,237
2024
$1,554
2024
Government debt per person rank
90/185
2024
130/185
2024
Average annual personal income after taxes
$14,263
2026
$3,913
2026
Market capitalization of domestic companies
$8.41B
2024
$234M
2007
Number of billionaires
2
2025
1
2025
Income share by richest 10%
31.1%
2023
42.7%
2016
Income share by poorest 10%
2.1%
2023
1.4%
2016
Government expenditure, % of GDP
36.7%
2024
33.3%
2024
Consumer prices inflation
2.6%
2023-2024
2.6%
2018-2019
Central bank interest rate
1.81%
2025
6.75%
2025
Unemployment rate
4.17%
2024
34.6%
2023
Population
6359449
1273390

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Eswatini
Spending

Debt
1x
Year % of GDP
Bulgaria Eswatini
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 33.3% 39.8%
2023 37.4% 22.9% 32% 40%
2022 37.6% 22.5% 29.6% 40.5%
2021 38.4% 23.8% 30.1% 38.4%
2020 37.6% 22.7% 32.7% 38.2%
2019 36% 18.4% 32.9% 30.7%
2018 34.4% 20.1% 32.2% 27%
2017 32% 22.9% 33.9% 21.9%
2016 32.7% 27% 34.7% 20.5%
2015 37.3% 25.4% 35.3% 16.4%
2014 37.1% 26.3% 33.3% 14.3%
2013 35.5% 17.2% 29.4% 15.5%
2012 32.5% 16.5% 27.8% 15.2%
2011 32% 14.3% 26% 15.1%
2010 34.6% 14.1% 31.6% 14.5%
2009 33.8% 14.5% 34.5% 10.8%
2008 33.5% 14.7% 34.4% 15%
2007 33.1% 17.6% 31.2% 16.6%
2006 32.5% 22.6% 28.2% 15%
2005 34% 28.5% 29.7% 13.9%
2004 34.6% 37.8% 32% 15.5%
2003 35.8% 45.4% 26.4% 18%
2002 35.1% 53.4% 27.2% 17.6%
2001 36.5% 67.1% 26.4% 22.4%
2000 37.1% 73.3% 25.3% 18.7%
1999 36.2% 78.7% 26.5% 17.2%
1998 30.6% 67.3% 22.5% 15.9%
1997 32.9% 88.4% 21.2% 13%
1996 44% 113.8% 23.3% 12%
1995 45.4% 72% 20.5% 12.9%
1994 - - 24.7% 13.8%
1993 - - 24% 15.6%
1992 - - 26% 16.6%
1991 - - 20.3% 20.1%
1990 - - 18.7% 20.4%
1989 - - 15.8% 26.8%
1988 - - 15.6% 27.5%
1987 - - 17% 36.1%
1986 - - 19.8% 44%
1985 - - 22.3% 45.5%
1984 - - 22.2% 29.7%
1983 - - 23.2% 28.7%
1982 - - 24% 29.2%
1981 - - 23.8% 24.3%
1980 - - 19.6% 27.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/eswatini | CC BY

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Eswatini spent $1.62B, or 33.3% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 39.8% in Eswatini, ranking 169/185 and 134/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Eswatini
1x
Year Deficit/surplus, % of GDP
Bulgaria Eswatini
2024 -3.04% -1.36%
2023 -3.03% -0.67%
2022 -0.8% -5.4%
2021 -2.8% -4.68%
2020 -2.92% -4.27%
2019 -0.96% -6.26%
2018 0.12% -6.72%
2017 0.82% -5.68%
2016 1.54% -8.54%
2015 -2.77% -6.03%
2014 -3.65% -1.18%
2013 -1.75% 0.59%
2012 -0.43% 3.48%
2011 -1.83% -4.02%
2010 -3.77% -9.52%
2009 -0.86% -3.06%
2008 2.73% 1.63%
2007 3.09% 2.44%
2006 3.22% 8.88%
2005 2.19% -1.7%
2004 1.59% -4.1%
2003 0.003% -2.15%
2002 -0.61% -3.78%
2001 -0.58% -2.31%
2000 -0.6% -1.22%
1999 0.15% -1.27%
1998 1.08% 1.07%
1997 0.83% 2.11%
1996 -10.1% -1%
1995 -7.98% 0.9%
1994 - -3.61%
1993 - -3.29%
1992 - -2.9%
1991 - 3.4%
1990 - 5.61%
1989 - 5.82%
1988 - 3.23%
1987 - 2.03%
1986 - -2.41%
1985 - -1.33%
1984 - 1.25%
1983 - -0.6%
1982 - 0.11%
1981 - -4.29%
1980 - 6.55%
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
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) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/eswatini | 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 Eswatini's deficit of $66.2M, or 1.36% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while Eswatini ran a deficit in 22 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 2.13% of GDP for Eswatini.

Inflation comparison by year

Inflation
Bulgaria

Eswatini
1x
Year Consumer prices inflation
Bulgaria Eswatini
2024 2.6% -
2023 8.6% -
2022 13% -
2021 2.8% -
2020 1.2% -
2019 2.5% 2.6%
2018 2.6% 4.82%
2017 1.2% 6.22%
2016 -1.3% 7.85%
2015 -1.1% 4.95%
2014 -1.6% 5.68%
2013 0.4% 5.62%
2012 2.4% 8.94%
2011 3.4% 6.11%
2010 3% 4.51%
2009 2.5% 7.45%
2008 12% 12.7%
2007 7.6% 8.08%
2006 7.4% 5.3%
2005 6% 4.77%
2004 6.1% 3.45%
2003 2.3% 7.29%
2002 5.8% 12%
2001 7.4% 5.94%
2000 10.3% 12.2%
1999 2.6% 6.09%
1998 18.7% 8.11%
1997 1,061% 7.13%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

GeoRank.org/economy/bulgaria/eswatini | CC BY

Over the past 23 years, Bulgaria has recorded an average annual inflation rate of 50.5%, compared with 6.86% in Eswatini. In 2019, inflation was 2.6% in Bulgaria and 2.6% in Eswatini.

Top exports between countries

Bulgaria
Export category Export value
Processed food, beverages & tobacco $44K
Machinery & equipment $4K
Chemicals & pharma $2K
Eswatini
Export category Export value
Processed food, beverages & tobacco $16.9M
Miscellaneous $1K

Balance of trade

Bulgaria Eswatini
Current account balance
-$1.74B
2024
$78.3M
2024
Current account balance ranking
138/190
2024
69/190
2024
Current account balance, % of GDP
-1.54%
2024
+1.61%
2024
Goods imports
$52.8B
2024
$2.07B
2024
Goods exports
$47.3B
2024
$2.33B
2024
Service imports
$8.26B
2024
$542M
2024
Service exports
$16.6B
2024
$234M
2024
Imports of goods and services, % of GDP
53.9%
2024
53.7%
2024
Exports of goods and services, % of GDP
56.4%
2024
53.8%
2024

Economic freedom indices

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

Bulgaria Eswatini
Economic freedom 68.9 57.5
Economic freedom ranking 44/197 116/197
Property rights 75.8 42.5
Government integrity 48.4 29.7
Judicial effectiveness 58.5 35.5
Tax burden 89.1 78.6
Government spending 58.4 71
Fiscal health 90.4 87.5
Business freedom 78.2 49.9
Labor freedom 62.4 55.2
Monetary freedom 75.8 76.8
Trade freedom 79.4 73.6
Investment freedom 60 50
Financial freedom 50 40

Economic freedom comparison by year

Bulgaria
Eswatini
1x
Year Economic freedom index
Bulgaria Eswatini
2026 68.9 57.5
2025 68.8 56.4
2024 68.5 55.6
2023 69.3 54.9
2022 71 51.4
2021 70.4 55.1
2020 70.2 55.3
2019 69 54.7
2018 68.3 55.9
2017 67.9 61.1
2016 65.9 59.7
2015 66.8 59.9
2014 65.7 61.2
2013 65 57.2
2012 64.7 57.2
2011 64.9 59.1
2010 62.3 57.4
2009 64.6 59.1
2008 63.7 58.4
2007 62.7 60.1
2006 64.1 61.4
2005 62.3 59.4
2004 59.2 58.6
2003 57 59.6
2002 57.1 60.9
2001 51.9 63.6
2000 47.3 62.6
1999 46.2 62.1
1998 45.7 62
1997 47.6 59.4
1996 48.6 58.6
1995 50 63.3

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

GeoRank.org/economy/bulgaria/eswatini | CC BY

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 57.5 for Eswatini, ranking 116/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Eswatini
Services, % of GDP
63.8%
2024
51.4%
2024
Industry, % of GDP
21.1%
2024
34.7%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
6.48%
2024
GNI, Atlas method
$99B
2024
$4.46B
2024
GNI per capita, PPP
$39,850
2024
$10,760
2024
Total reserves including gold
$43.7B
2024
$479M
2023
Total reserves ranking
47/177
2024
159/177
2023
Net foreign direct investment
-$2.22B
2024
-$11.8M
2024
Net inflows of foreign direct investment
$3.55B
2024
$75.5M
2024
Net outflows of foreign direct investment
$1.13B
2024
$63.8M
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
4.68%
2024
Poverty at national poverty lines
21.7%
2023
58.9%
2016
Gross capital formation, % of GDP
20.4%
2024
15%
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/eswatini | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2022–2024, 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.