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Economy of Bulgaria vs France compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $3.16T for France, ranking 67/197 and 7/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $3.58T (113.1% of GDP) in France.

Bulgaria vs France GDP by year

Bulgaria
France
1x
Year GDP, current $
Bulgaria France
2024 $113,343,355,780 $3,160,442,622,465
2023 $102,199,231,385 $3,056,250,648,138
2022 $90,506,153,294 $2,794,788,137,067
2021 $84,374,613,233 $2,966,433,692,008
2020 $70,486,877,546 $2,647,926,055,110
2019 $68,507,731,354 $2,722,793,515,172
2018 $66,097,226,262 $2,781,576,320,884
2017 $59,167,647,388 $2,588,868,323,335
2016 $53,929,397,039 $2,470,407,619,777
2015 $50,765,918,159 $2,442,483,452,643
2014 $57,080,897,012 $2,861,236,112,552
2013 $55,819,262,375 $2,816,077,607,875
2012 $54,297,052,002 $2,683,007,095,787
2011 $57,681,293,007 $2,870,408,553,990
2010 $50,689,051,382 $2,646,230,027,988
2009 $52,023,801,230 $2,700,075,882,519
2008 $54,480,684,188 $2,926,802,941,586
2007 $44,431,257,129 $2,655,816,911,867
2006 $34,380,536,496 $2,317,861,544,691
2005 $29,868,657,858 $2,192,146,403,028
2004 $26,157,743,369 $2,109,792,297,237
2003 $21,144,957,990 $1,835,095,983,049
2002 $16,403,043,850 $1,492,427,756,382
2001 $14,183,446,026 $1,370,376,677,299
2000 $13,245,990,274 $1,360,959,069,477
1999 $13,637,098,579 $1,486,915,879,702
1998 $15,031,055,047 $1,496,906,382,032
1997 $11,316,127,379 $1,449,392,222,971
1996 $12,294,964,838 $1,598,889,216,566
1995 $18,991,484,420 $1,595,219,345,512
1994 $9,709,240,034 $1,385,822,778,828
1993 $10,832,064,942 $1,314,383,368,080
1992 $8,602,887,623 $1,389,663,073,110
1991 $7,628,738,475 $1,258,961,748,634
1990 $20,632,090,909 $1,257,649,439,827
1989 $21,988,444,444 $1,016,742,237,302
1988 $22,555,941,176 $1,010,827,662,152
1987 $28,101,000,000 $926,320,855,615
1986 $20,249,294,118 $764,946,585,851
1985 $17,155,421,053 $547,220,981,165
1984 $17,594,944,444 $525,033,325,828
1983 $16,563,666,667 $553,356,312,936
1982 $19,342,000,000 $578,152,310,610
1981 $19,870,000,000 $609,184,791,792
1980 $19,839,230,769 $694,529,183,483
1979 - $608,218,624,730
1978 - $501,724,418,605
1977 - $406,401,711,688
1976 - $368,363,152,144
1975 - $357,324,307,786
1974 - $282,739,225,314
1973 - $261,970,536,240
1972 - $201,738,881,664
1971 - $164,694,210,962
1970 - $147,312,861,698
1969 - $140,660,914,841
1968 - $128,710,572,572
1967 - $118,088,635,381
1966 - $109,306,730,313
1965 - $100,927,668,584
1964 - $93,424,179,943
1963 - $84,227,606,650
1962 - $75,196,980,365
1961 - $67,158,050,215
1960 - $61,959,085,885

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

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

GDP per capita in Bulgaria vs France by year

Bulgaria
GDP per capita

GDP per capita, PPP
France
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria France
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $46,103 $62,557
2023 $15,853 $38,829 $44,700 $60,839
2022 $13,999 $36,320 $40,989 $57,043
2021 $12,966 $30,959 $43,725 $52,517
2020 $10,760 $27,352 $39,170 $49,482
2019 $10,354 $26,766 $40,408 $51,130
2018 $9,849 $23,998 $41,418 $46,381
2017 $8,697 $22,317 $38,687 $44,469
2016 $7,822 $20,746 $37,024 $42,880
2015 $7,269 $18,896 $36,702 $40,905
2014 $8,070 $17,991 $43,148 $40,218
2013 $7,796 $16,894 $42,669 $39,583
2012 $7,432 $16,327 $40,864 $37,671
2011 $7,850 $15,747 $43,930 $37,510
2010 $6,854 $14,954 $40,695 $35,908
2009 $6,988 $14,188 $41,728 $34,685
2008 $7,271 $14,347 $45,465 $35,053
2007 $5,889 $12,822 $41,486 $34,066
2006 $4,523 $11,406 $36,432 $32,424
2005 $3,900 $10,291 $34,696 $30,431
2004 $3,390 $9,200 $33,645 $28,921
2003 $2,719 $8,416 $29,480 $28,024
2002 $2,093 $7,786 $24,145 $28,350
2001 $1,771 $6,960 $22,332 $27,347
2000 $1,621 $6,424 $22,341 $26,007
1999 $1,661 $5,808 $24,576 $24,204
1998 $1,820 $6,178 $24,869 $23,263
1997 $1,361 $5,751 $24,169 $22,190
1996 $1,470 $6,849 $26,758 $21,268
1995 $2,259 $7,743 $26,792 $20,701
1994 $1,150 $7,338 $23,360 $19,892
1993 $1,279 $7,032 $22,239 $19,094
1992 $1,007 $6,917 $23,615 $18,801
1991 $884 $7,215 $21,501 $18,198
1990 $2,367 $7,548 $21,586 $17,475
1989 $2,477 - $17,547 -
1988 $2,511 - $17,550 -
1987 $3,132 - $16,176 -
1986 $2,260 - $13,430 -
1985 $1,915 - $9,657 -
1984 $1,964 - $9,312 -
1983 $1,853 - $9,862 -
1982 $2,169 - $10,360 -
1981 $2,235 - $10,956 -
1980 $2,239 - $12,565 -
1979 - - $11,063 -
1978 - - $9,167 -
1977 - - $7,459 -
1976 - - $6,792 -
1975 - - $6,617 -
1974 - - $5,261 -
1973 - - $4,907 -
1972 - - $3,809 -
1971 - - $3,137 -
1970 - - $2,833 -
1969 - - $2,729 -
1968 - - $2,518 -
1967 - - $2,328 -
1966 - - $2,173 -
1965 - - $2,024 -
1964 - - $1,891 -
1963 - - $1,723 -
1962 - - $1,554 -
1961 - - $1,402 -
1960 - - $1,307 -

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

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

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $46,103 in France, ranking 27/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while France ranks 30th at $62,557.

Economic indicators

Bulgaria France
Gross domestic product
$113B
2024
$3.16T
2024
GDP rank
67/197
2024
7/197
2024
GDP growth
3.39%
2023-2024
1.19%
2023-2024
GDP per capita
$17,596
2024
$46,103
2024
GDP per capita rank
64/197
2024
27/197
2024
GDP per capita, PPP
$41,969
2024
$62,557
2024
GDP per capita PPP rank
54/197
2024
30/197
2024
Government debt
$27.3B
2024
$3.58T
2024
Debt-to-GDP ratio
24.1%
2024
113.1%
2024
Government debt per person
$4,237
2024
$52,165
2024
Government debt per person rank
90/185
2024
8/185
2024
Average annual personal income after taxes
$14,263
2026
$35,669
2026
Market capitalization of domestic companies
$8.41B
2024
$2.37T
2018
Number of millionaires n/a
2,897,000
2025
Number of billionaires
2
2025
52
2025
Income share by richest 10%
31.1%
2023
25%
2023
Income share by poorest 10%
2.1%
2023
3%
2023
Government expenditure, % of GDP
36.7%
2024
57.2%
2024
Consumer prices inflation
2.6%
2023-2024
2%
2023-2024
Central bank interest rate
1.81%
2025
n/a
Unemployment rate
4.17%
2024
7.44%
2024
Population
6359449
68788006

Spending and national debt comparison by year

Bulgaria
Spending

Debt
France
Spending

Debt
1x
Year % of GDP
Bulgaria France
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 57.2% 113.1%
2023 37.4% 22.9% 56.8% 109.6%
2022 37.6% 22.5% 58.4% 111.4%
2021 38.4% 23.8% 59.5% 112.8%
2020 37.6% 22.7% 61.7% 114.9%
2019 36% 18.4% 55.3% 98.1%
2018 34.4% 20.1% 56.4% 98.5%
2017 32% 22.9% 57.7% 98.7%
2016 32.7% 27% 57.4% 98.1%
2015 37.3% 25.4% 57.6% 96.9%
2014 37.1% 26.3% 58.4% 96.1%
2013 35.5% 17.2% 58.6% 94.5%
2012 32.5% 16.5% 57.9% 91.7%
2011 32% 14.3% 57% 88.7%
2010 34.6% 14.1% 57.7% 86.3%
2009 33.8% 14.5% 58% 84.1%
2008 33.5% 14.7% 54.3% 69.8%
2007 33.1% 17.6% 53.6% 65.5%
2006 32.5% 22.6% 53.7% 65.4%
2005 34% 28.5% 54.3% 68.2%
2004 34.6% 37.8% 54% 66.9%
2003 35.8% 45.4% 54.4% 65.4%
2002 35.1% 53.4% 53.9% 61.3%
2001 36.5% 67.1% 52.8% 59.3%
2000 37.1% 73.3% 52.6% 59.7%
1999 36.2% 78.7% 53.7% 61.4%
1998 30.6% 67.3% 54% 62.1%
1997 32.9% 88.4% 55.6% 62%
1996 44% 113.8% 56% 60.6%
1995 45.4% 72% 56% 57.8%
1994 - - 55.9% 51.6%
1993 - - 56.5% 48.2%
1992 - - 54% 41.7%
1991 - - 52.7% 37.8%
1990 - - 51.6% 36.8%
1989 - - 48.9% 34%
1988 - - 50.1% 33.3%
1987 - - 50.7% 33.4%
1986 - - 51.3% 31.1%
1985 - - 51.9% 30.6%
1984 - - 51.2% 29%
1983 - - 50.2% 26.6%
1982 - - 49.9% 25.3%
1981 - - 48.5% 22%
1980 - - 46% 20.7%
1979 - - 44.9% 21.1%
1978 - - 44.7% 21.2%
1977 - - 21.4% 15%
1976 - - 21.7% 15.1%
1975 - - 22% 16.1%
1974 - - 19.9% 15.4%
1973 - - 19.7% 15.8%
1972 - - 19.8% 17.7%
1971 - - 20% 20.1%
1970 - - 20.5% 21%
1969 - - 21.5% 14.4%
1968 - - 22.7% 15.8%
1967 - - 21.4% 16.1%
1966 - - 21.4% 15.3%
1965 - - 21.1% 17.6%
1964 - - 21% 19.6%
1963 - - 22.6% 22.2%
1962 - - 21.7% 23.6%
1961 - - 21.9% 26.3%
1960 - - 22.2% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-02-20).

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

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while France spent $1.81T, or 57.2% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 113.1% in France, ranking 169/185 and 14/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

France
1x
Year Deficit/surplus, % of GDP
Bulgaria France
2024 -3.04% -5.77%
2023 -3.03% -5.44%
2022 -0.8% -4.74%
2021 -2.8% -6.58%
2020 -2.92% -8.93%
2019 -0.96% -2.39%
2018 0.12% -2.32%
2017 0.82% -3.36%
2016 1.54% -3.76%
2015 -2.77% -3.89%
2014 -3.65% -4.57%
2013 -1.75% -4.94%
2012 -0.43% -5.17%
2011 -1.83% -5.3%
2010 -3.77% -7.16%
2009 -0.86% -7.38%
2008 2.73% -3.5%
2007 3.09% -2.99%
2006 3.22% -2.66%
2005 2.19% -3.5%
2004 1.59% -3.55%
2003 0.003% -4.09%
2002 -0.61% -3.18%
2001 -0.58% -1.42%
2000 -0.6% -1.32%
1999 0.15% -1.55%
1998 1.08% -2.39%
1997 0.83% -3.71%
1996 -10.1% -3.89%
1995 -7.98% -5.11%
1994 - -5.46%
1993 - -6.4%
1992 - -4.64%
1991 - -2.89%
1990 - -2.45%
1989 - -1.9%
1988 - -2.7%
1987 - -2.13%
1986 - -3.3%
1985 - -3.08%
1984 - -2.8%
1983 - -2.58%
1982 - -2.91%
1981 - -2.39%
1980 - -0.27%
1979 - -0.36%
1978 - -1.73%
1977 - 0.9%
1976 - 1.01%
1975 - -0.28%
1974 - 3.05%
1973 - 1.97%
1972 - 1.94%
1971 - -0.13%
1970 - 0.02%
1969 - -0.49%
1968 - -2.54%
1967 - -0.8%
1966 - -0.57%
1965 - -0.07%
1964 - -0.25%
1963 - -2.24%
1962 - -1.53%
1961 - -1.36%
1960 - -1.95%
1959 - 0.56%
1958 - 0.08%
1957 - -1.99%
1956 - -2.62%
1955 - -1.04%
1954 - -0.78%
1953 - -4.79%
1952 - -6.82%
1951 - -4.42%
1950 - -5.56%
1949 - -7.31%
1948 - -9.11%
1947 - -7.6%
1946 - -8.1%
1945 - -
1944 0% -
1943 0% -
1942 -0.3% -
1941 3.96% -
1940 0.75% -
1939 0.72% -
1938 1% -
1937 1.41% -6.89%
1936 1.17% -4.76%
1935 1.34% -4.22%
1934 -0.12% -4.31%
1933 -0.56% -4.96%
1932 -2.14% -1.86%
1931 -3.07% -2.06%
1930 -5.48% -1.65%
1929 -6.67% 1.48%
1928 -1.09% 1.13%
1927 -0.02% -0.04%
1926 -0.25% -0.02%
1925 -0.97% -0.87%
1924 1.26% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.05%
1912 - 0.23%
1911 - 0.31%
1910 - -0.12%
1909 - -0.11%
1908 - -0.15%
1907 - 0.23%
1906 - -0.04%
1905 - 0.18%
1904 - 0.3%
1903 - 0.21%
1902 - -0.37%
1901 - -0.39%
1900 - 0.21%
1899 - 0.21%
1898 - 0.29%
1897 - 0.01%
1896 - -0.03%
1895 - -0.07%
1894 - -0.08%
1893 - -0.3%
1892 - -0.03%
1891 - 0.36%
1890 - 0.31%
1889 - 0.09%
1888 - 0.18%
1887 - -0.07%
1886 - -0.5%
1885 - -0.59%
1884 - -0.35%
1883 - -0.23%
1882 - -0.15%
1881 - 0.64%
1880 - 0.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1997, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/france | 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 France's deficit of $182B, or 5.77% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while France ran a deficit in 30 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 4.15% of GDP for France.

Inflation comparison by year

Inflation
Bulgaria

France
1x
Year Consumer prices inflation
Bulgaria France
2024 2.6% 2%
2023 8.6% 4.88%
2022 13% 5.22%
2021 2.8% 1.64%
2020 1.2% 0.48%
2019 2.5% 1.11%
2018 2.6% 1.85%
2017 1.2% 1.03%
2016 -1.3% 0.18%
2015 -1.1% 0.04%
2014 -1.6% 0.51%
2013 0.4% 0.86%
2012 2.4% 1.95%
2011 3.4% 2.11%
2010 3% 1.53%
2009 2.5% 0.09%
2008 12% 2.81%
2007 7.6% 1.49%
2006 7.4% 1.68%
2005 6% 1.75%
2004 6.1% 2.14%
2003 2.3% 2.1%
2002 5.8% 1.92%
2001 7.4% 1.63%
2000 10.3% 1.68%
1999 2.6% 0.54%
1998 18.7% 0.65%
1997 1,061% 1.2%

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/france | CC BY

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 1.61% in France. In 2024, inflation was 2.6% in Bulgaria and 2% in France.

Top exports between countries

Bulgaria
Export category Export value
Machinery & equipment $521M
Textiles & consumer goods $355M
Chemicals & pharma $160M
Metals $159M
Transport & tourism services $138M
Processed food, beverages & tobacco $104M
Wood & paper products $98.6M
Animal & marine products $79M
Raw materials & minerals $63M
Manufacturing & construction services $55.9M
France
Export category Export value
Machinery & equipment $485M
Chemicals & pharma $346M
Processed food, beverages & tobacco $97.7M
Business & finance services $87.5M
Transport & tourism services $80M
Textiles & consumer goods $70.3M
Animal & marine products $68.2M
IT & IP services $51.9M
Raw agricultural goods $42.1M
Metals $39.7M

Balance of trade

Bulgaria France
Current account balance
-$1.74B
2024
$2.69B
2024
Current account balance ranking
138/190
2024
42/190
2024
Current account balance, % of GDP
-1.54%
2024
+0.09%
2024
Goods imports
$52.8B
2024
$733B
2024
Goods exports
$47.3B
2024
$668B
2024
Service imports
$8.26B
2024
$341B
2024
Service exports
$16.6B
2024
$403B
2024
Imports of goods and services, % of GDP
53.9%
2024
34.2%
2024
Exports of goods and services, % of GDP
56.4%
2024
33.9%
2024

Economic freedom indices

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

Bulgaria France
Economic freedom 68.9 64.6
Economic freedom ranking 44/197 72/197
Property rights 75.8 91.2
Government integrity 48.4 73.4
Judicial effectiveness 58.5 84.7
Tax burden 89.1 54.6
Government spending 58.4 0.9
Fiscal health 90.4 34.8
Business freedom 78.2 78.4
Labor freedom 62.4 59.1
Monetary freedom 75.8 73.2
Trade freedom 79.4 79.4
Investment freedom 60 75
Financial freedom 50 70

Economic freedom comparison by year

Bulgaria
France
1x
Year Economic freedom index
Bulgaria France
2026 68.9 64.6
2025 68.8 64.4
2024 68.5 62.5
2023 69.3 63.6
2022 71 65.9
2021 70.4 65.7
2020 70.2 66
2019 69 63.8
2018 68.3 63.9
2017 67.9 63.3
2016 65.9 62.3
2015 66.8 62.5
2014 65.7 63.5
2013 65 64.1
2012 64.7 63.2
2011 64.9 64.6
2010 62.3 64.2
2009 64.6 63.3
2008 63.7 64.7
2007 62.7 62.1
2006 64.1 61.1
2005 62.3 60.5
2004 59.2 60.9
2003 57 59.2
2002 57.1 58
2001 51.9 58
2000 47.3 57.4
1999 46.2 59.1
1998 45.7 58.9
1997 47.6 59.1
1996 48.6 63.7
1995 50 64.4

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

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 64.6 for France, ranking 72/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria France
Services, % of GDP
63.8%
2024
70.9%
2024
Industry, % of GDP
21.1%
2024
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
1.3%
2024
GNI, Atlas method
$99B
2024
$3.1T
2024
GNI per capita, PPP
$39,850
2024
$63,880
2024
Total reserves including gold
$43.7B
2024
$283B
2024
Total reserves ranking
47/177
2024
13/177
2024
Net foreign direct investment
-$2.22B
2024
-$10.3B
2024
Net inflows of foreign direct investment
$3.55B
2024
$52.1B
2024
Net outflows of foreign direct investment
$1.13B
2024
$41.7B
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
n/a
Poverty at national poverty lines
21.7%
2023
15.6%
2021
Gross capital formation, % of GDP
20.4%
2024
21.5%
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/france | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1997, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
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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.