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Economy of Bulgaria vs Honduras compared: GDP & Debt

Updated on by Georank

Bulgaria has a GDP of $131B compared to $39.6B for Honduras, ranking 63/197 and 104/197 by economy size, respectively.

Bulgaria has $35.4B in government debt (27.1% of GDP), compared to $16.3B (41.2% of GDP) in Honduras.

Bulgaria vs Honduras GDP by year

Bulgaria
Honduras
1x
Year GDP, current $
Bulgaria Honduras
2025 $130,777,235,530 $39,601,409,103
2024 $113,349,149,167 $36,980,171,442
2023 $102,204,457,335 $34,355,805,528
2022 $90,510,784,778 $31,426,041,807
2021 $84,378,926,047 $28,144,331,507
2020 $70,490,478,088 $23,352,232,484
2019 $68,511,235,459 $24,882,225,742
2018 $66,100,606,677 $24,067,750,760
2017 $59,170,671,046 $23,136,247,991
2016 $53,932,152,154 $21,717,604,952
2015 $50,768,512,173 $20,979,791,685
2014 $57,083,817,240 $19,756,533,972
2013 $55,822,115,861 $18,499,729,215
2012 $54,299,825,600 $18,528,554,398
2011 $57,684,243,980 $17,710,275,685
2010 $50,691,645,231 $15,839,344,592
2009 $52,026,461,290 $14,587,496,229
2008 $54,483,464,293 $13,881,731,876
2007 $44,433,521,725 $12,361,257,681
2006 $34,382,295,487 $10,917,477,066
2005 $29,870,182,425 $9,757,012,697
2004 $26,159,078,743 $8,869,299,234
2003 $21,146,038,619 $8,230,391,347
2002 $16,403,880,783 $7,858,255,413
2001 $14,184,170,319 $7,651,162,302
2000 $13,246,669,554 $7,186,638,029
1999 $13,637,793,854 $6,394,090,592
1998 $15,031,821,788 $6,163,707,533
1997 $11,316,706,412 $5,569,178,707
1996 $12,295,588,924 $4,798,834,459
1995 $18,992,388,645 $4,672,346,194
1994 $9,709,230,161 $4,105,686,899
1993 $10,832,041,595 $4,190,773,622
1992 $8,602,874,120 $4,122,846,905
1991 $7,628,764,750 $3,699,381,195
1990 $20,726,605,649 $3,734,460,117
1989 $21,746,286,447 $4,375,896,552
1988 $23,003,003,708 $4,892,660,944
1987 $28,428,718,531 $5,024,800,000
1986 $20,261,546,635 $4,706,100,000
1985 $17,562,270,447 $4,328,300,000
1984 $17,410,894,971 $4,029,900,000
1983 $16,959,180,922 $3,840,550,000
1982 $19,803,624,625 $3,619,500,000
1981 $20,055,685,481 $3,501,800,000
1980 $20,039,544,133 $3,184,400,000
1979 - $2,778,900,000
1978 - $2,393,650,000
1977 - $1,900,700,000
1976 - $1,589,300,000
1975 - $1,330,050,000
1974 - $1,243,000,000
1973 - $1,128,299,436
1972 - $1,030,645,362
1971 - $958,450,000
1970 - $904,400,000
1969 - $844,400,000
1968 - $815,450,000
1967 - $750,950,000
1966 - $692,150,000
1965 - $651,050,000
1964 - $591,100,000
1963 - $553,500,000
1962 - $532,450,000
1961 - $503,300,000
1960 - $475,650,000

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bulgaria vs Honduras by year

Bulgaria
GDP per capita

GDP per capita, PPP
Honduras
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Honduras
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $20,328 - $3,598 -
2024 $17,597 $41,969 $3,416 $7,486
2023 $15,854 $38,829 $3,227 $7,178
2022 $14,000 $36,320 $3,003 $6,805
2021 $12,967 $30,959 $2,735 $6,203
2020 $10,761 $27,352 $2,308 $5,385
2019 $10,354 $26,766 $2,502 $5,785
2018 $9,850 $23,998 $2,465 $5,633
2017 $8,697 $22,317 $2,413 $5,621
2016 $7,823 $20,746 $2,307 $5,186
2015 $7,269 $18,896 $2,271 $4,846
2014 $8,070 $17,991 $2,180 $4,460
2013 $7,796 $16,894 $2,081 $4,137
2012 $7,432 $16,327 $2,126 $4,016
2011 $7,850 $15,747 $2,074 $3,901
2010 $6,854 $14,954 $1,893 $3,758
2009 $6,989 $14,188 $1,781 $3,656
2008 $7,272 $14,347 $1,732 $3,806
2007 $5,889 $12,822 $1,578 $3,664
2006 $4,523 $11,406 $1,426 $3,438
2005 $3,900 $10,291 $1,305 $3,204
2004 $3,390 $9,200 $1,215 $3,001
2003 $2,720 $8,416 $1,156 $2,821
2002 $2,093 $7,786 $1,132 $2,715
2001 $1,771 $6,960 $1,132 $2,645
2000 $1,621 $6,424 $1,093 $2,587
1999 $1,661 $5,808 $999 $2,372
1998 $1,821 $6,178 $989 $2,152
1997 $1,361 $5,751 $917 $1,959
1996 $1,470 $6,849 $813 $1,617
1995 $2,259 $7,743 $814 $1,329
1994 $1,150 $7,338 $736 $1,074
1993 $1,279 $7,032 $773 $838
1992 $1,007 $6,917 $782 $741
1991 $884 $7,215 $722 $684
1990 $2,377 $7,548 $750 $540
1989 $2,450 - $904 -
1988 $2,561 - $1,039 -
1987 $3,169 - $1,098 -
1986 $2,262 - $1,058 -
1985 $1,960 - $1,001 -
1984 $1,943 - $960 -
1983 $1,897 - $942 -
1982 $2,221 - $914 -
1981 $2,256 - $912 -
1980 $2,261 - $854 -
1979 - - $769 -
1978 - - $683 -
1977 - - $559 -
1976 - - $482 -
1975 - - $417 -
1974 - - $401 -
1973 - - $375 -
1972 - - $353 -
1971 - - $338 -
1970 - - $329 -
1969 - - $316 -
1968 - - $314 -
1967 - - $298.2 -
1966 - - $282.9 -
1965 - - $273.9 -
1964 - - $255.9 -
1963 - - $246.6 -
1962 - - $244 -
1961 - - $237.3 -
1960 - - $230.7 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Bulgaria's GDP per capita is $20,328, ranking 58/197, compared to $3,598 in Honduras, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Honduras ranks 146th at $7,486.

Economic indicators

Bulgaria Honduras
Gross domestic product
$131B
2025
$39.6B
2025
GDP rank
63/197
2025
104/197
2025
GDP growth
3.1%
2024-2025
3.75%
2024-2025
GDP per capita
$20,328
2025
$3,598
2025
GDP per capita rank
58/197
2025
137/197
2025
GDP per capita, PPP
$41,969
2024
$7,486
2024
GDP per capita PPP rank
54/197
2024
146/197
2024
Government debt
$35.4B
2025
$16.3B
2025
Debt-to-GDP ratio
27.1%
2025
41.2%
2025
Government debt per person
$5,507
2025
$1,483
2025
Government debt per person rank
79/185
2025
132/185
2025
Average annual personal income after taxes
$16,126
2026
$2,887
2026
Market capitalization of domestic companies
$11.2B
2025
n/a
Number of billionaires
2
2026
n/a
Income share by richest 10%
31.1%
2023
32.3%
2024
Income share by poorest 10%
2.1%
2023
1.2%
2024
Government expenditure, % of GDP
38.9%
2025
24.9%
2025
Consumer prices inflation
3.5%
2024-2025
4.6%
2024-2025
Central bank interest rate
1.81%
2025
5.75%
2024
Unemployment rate
3.5%
2025
4.85%
2025
Population
6390149
11279259

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Honduras
Spending

Debt
1x
Year % of GDP
Bulgaria Honduras
Government spending Government debt Government spending Government debt
2025 38.9% 27.1% 24.9% 41.2%
2024 36.3% 23.8% 25.7% 41.5%
2023 37.5% 22.9% 27.2% 41.7%
2022 37.6% 22.5% 24% 46.9%
2021 38.5% 23.9% 28.8% 52.7%
2020 37.7% 22.7% 28.4% 53.5%
2019 36.1% 18.4% 25.9% 43.3%
2018 34.4% 20.1% 26.2% 42.4%
2017 32% 22.9% 26.9% 41.3%
2016 32.7% 27% 27.4% 39.4%
2015 37.3% 25.4% 26% 38.3%
2014 37.1% 26.3% 26.4% 35.2%
2013 35.5% 17.2% 28% 37.3%
2012 32.5% 16.5% 26.4% 27.1%
2011 32% 14.3% 25.9% 24.6%
2010 34.6% 14.1% 26.5% 21.8%
2009 33.8% 14.5% 28.4% 23.8%
2008 33.5% 14.7% 26.4% 22.3%
2007 33.1% 17.6% 24.4% 24%
2006 32.5% 22.6% 24.4% 39.2%
2005 34% 28.5% 23.6% 55.6%
2004 34.6% 37.8% 25.5% 60.9%
2003 35.8% 45.4% 26.4% 67.8%
2002 35.1% 53.4% 26.8% 64.2%
2001 36.5% 67.1% 25.1% 63.4%
2000 37.1% 73.3% 22.1% 65.8%
1999 36.2% 78.7% 23.3% 75.8%
1998 30.6% 67.3% 19.4% 67.4%
1997 32.9% 88.4% 19.4% 70.8%
1996 44% 113.8% 18.7% 64.6%
1995 45.4% 72% 17.2% 65.4%
1994 - - 19% 85.5%
1993 - - 24.5% 111.7%
1992 - - 21.6% 123.2%
1991 - - 20.8% 135.4%
1990 - - 19.4% 236.5%
1989 - - 10.2% 68.4%
1988 - - 16% 71.7%
1987 - - 17.2% 73.6%
1986 - - 19.8% 69.9%
1985 - - 22.5% 65.7%
1984 - - 22.4% 60.5%
1983 - - 20.8% 57.6%
1982 - - 18.7% 54.3%
1981 - - 15.3% 48.1%
1980 - - 16.2% 41%
1979 - - 14.4% 36.1%
1978 - - 13.1% 32.8%
1977 - - 14.6% 28.2%
1976 - - 11.5% 26.5%
1975 - - 11.9% 24%
1974 - - 11.7% 18.5%
1973 - - 11.1% 16.6%
1972 - - 12.6% 16.8%
1971 - - 15.2% 19.8%
1970 - - 15.2% 17.2%
1969 - - 13.6% 13%
1968 - - 11.6% 9.75%
1967 - - 11.4% 9.72%
1966 - - 11.4% 9.47%
1965 - - 10.6% 8.97%
1964 - - 11.4% 9.78%
1963 - - 10.1% 9.02%
1962 - - 10.5% 8.54%
1961 - - 11.2% 8.22%
1960 - - 12.2% 8.97%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-07-08).

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

In 2025, Bulgaria's government spending was $50.8B, accounting for 38.9% of its GDP, while Honduras spent $9.87B, or 24.9% of GDP.

Debt-to-GDP ratio is 27.1% in Bulgaria and 41.2% in Honduras, ranking 164/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Honduras
1x
Year Deficit/surplus, % of GDP
Bulgaria Honduras
2025 -3.01% -0.74%
2024 -3.01% -1.12%
2023 -3.04% -1.96%
2022 -0.8% 1.57%
2021 -2.8% -3.17%
2020 -2.92% -4.58%
2019 -0.96% 0.09%
2018 0.12% 0.2%
2017 0.82% -0.41%
2016 1.54% -0.4%
2015 -2.77% -0.78%
2014 -3.65% -2.81%
2013 -1.75% -5.48%
2012 -0.43% -3.48%
2011 -1.83% -2.94%
2010 -3.77% -3.37%
2009 -0.86% -4.86%
2008 2.73% -0.27%
2007 3.09% -0.25%
2006 3.22% -1.36%
2005 2.19% -0.03%
2004 1.59% -2.48%
2003 0.003% -5.09%
2002 -0.61% -5.02%
2001 -0.58% -3.12%
2000 -0.6% 1.51%
1999 0.15% 1.38%
1998 1.08% 2.89%
1997 0.83% 0.08%
1996 -10.1% 0.13%
1995 -7.98% -0.24%
1994 - -0.97%
1993 - -5.21%
1992 - -1.49%
1991 - -2.16%
1990 - -2.15%
1989 - 2.08%
1988 - -2.65%
1987 - -3.23%
1986 - -5.92%
1985 - -8.58%
1984 - -9.33%
1983 - -9.1%
1982 - -6.17%
1981 - -2.5%
1980 - -2.52%
1979 - -1.55%
1978 - -0.68%
1977 - -2.55%
1976 - -0.93%
1975 - -1.78%
1974 - -0.27%
1973 - -0.71%
1972 - -2.37%
1971 - -3.51%
1970 - -3.24%
1969 - -2.16%
1968 - -0.38%
1967 - -0.73%
1966 - -0.45%
1965 - 0.19%
1964 - -1.77%
1963 - -0.39%
1962 - -0.71%
1961 - -1.05%
1960 - -1.22%
1959 - -1.31%
1958 - -1.16%
1957 - -1.01%
1956 - -1.81%
1955 - -0.42%
1954 - -2.91%
1953 - -2.96%
1952 - -3.21%
1951 - -1.04%
1950 - -0.44%
1949 - -1.92%
1948 - 0.52%
1947 - -0.83%
1946 - 0.32%
1945 - 0%
1944 0% -0.82%
1943 0% -0.48%
1942 -0.3% 0%
1941 3.96% -0.26%
1940 0.75% -0.43%
1939 0.72% -0.52%
1938 1% -0.74%
1937 1.41% -1.37%
1936 1.17% -0.76%
1935 1.34% 0%
1934 -0.12% 0.06%
1933 -0.56% 2.06%
1932 -2.14% -2.13%
1931 -3.07% -0.94%
1930 -5.48% -1.15%
1929 -6.67% -0.38%
1928 -1.09% 0.72%
1927 -0.02% 0.37%
1926 -0.25% -
1925 -0.97% -
1924 1.26% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Bulgaria's government deficit, the difference between spending and revenue, was $3.94B, equivalent to 3.01% of GDP. This compares to Honduras' deficit of $295M, or 0.74% of GDP.

Over the past 31 years, Bulgaria recorded a fiscal deficit in 19 of those years, while Honduras ran a deficit in 23 years. On average, Bulgaria posted an annual deficit equal to 1.1% of GDP, compared to deficit of 1.49% of GDP for Honduras.

Inflation comparison by year

Inflation
Bulgaria

Honduras
1x
Year Consumer prices inflation
Bulgaria Honduras
2025 3.5% 4.6%
2024 2.6% 4.61%
2023 8.6% 6.66%
2022 13% 9.09%
2021 2.8% 4.48%
2020 1.2% 3.47%
2019 2.5% 4.37%
2018 2.6% 4.35%
2017 1.2% 3.93%
2016 -1.3% 2.72%
2015 -1.1% 3.16%
2014 -1.6% 6.13%
2013 0.4% 5.16%
2012 2.4% 5.2%
2011 3.4% 6.76%
2010 3% 4.7%
2009 2.5% 5.5%
2008 12% 11.4%
2007 7.6% 6.94%
2006 7.4% 5.58%
2005 6% 8.81%
2004 6.1% 8.11%
2003 2.3% 7.67%
2002 5.8% 7.69%
2001 7.4% 9.67%
2000 10.3% 11%
1999 2.6% 11.7%
1998 18.7% 13.7%
1997 1,061% 20.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bulgaria has recorded an average annual inflation rate of 41.1%, compared with 7.15% in Honduras. In 2025, inflation was 3.5% in Bulgaria and 4.6% in Honduras.

Top exports between countries

Bulgaria
Export category Export value
Machinery & equipment $5.61M
Textiles & consumer goods $277K
Chemicals & pharma $131K
Processed food, beverages & tobacco $104K
Metals $55K
Raw materials & minerals $44K
Raw agricultural goods $32K
Precious metals & jewellery $15K
Miscellaneous $2K
Wood & paper products $2K
Honduras
Export category Export value
Processed food, beverages & tobacco $8.61M
Raw agricultural goods $2.38M
Machinery & equipment $11K

Balance of trade

Bulgaria Honduras
Current account balance
-$7.64B
2025
$936M
2025
Current account balance ranking
170/190
2025
50/190
2025
Current account balance, % of GDP
-5.84%
2025
+2.36%
2025
Goods imports
$58.5B
2025
$15.4B
2025
Goods exports
$47.9B
2025
$6.88B
2025
Service imports
$9.42B
2025
$4.1B
2025
Service exports
$18.6B
2025
$3.89B
2025
Imports of goods and services, % of GDP
51.8%
2025
56.5%
2025
Exports of goods and services, % of GDP
50.7%
2025
35%
2025

Economic freedom indices

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

Bulgaria Honduras
Economic freedom 68.9 59.1
Economic freedom ranking 44/197 105/197
Property rights 75.8 35.7
Government integrity 48.4 24.6
Judicial effectiveness 58.5 27.6
Tax burden 89.1 83.1
Government spending 58.4 80.3
Fiscal health 90.4 95.2
Business freedom 78.2 59.4
Labor freedom 62.4 37.9
Monetary freedom 75.8 70.1
Trade freedom 79.4 69.8
Investment freedom 60 65
Financial freedom 50 60

Economic freedom comparison by year

Bulgaria
Honduras
1x
Year Economic freedom index
Bulgaria Honduras
2026 68.9 59.1
2025 68.8 59.6
2024 68.5 58.6
2023 69.3 58.7
2022 71 59.5
2021 70.4 59.8
2020 70.2 61.1
2019 69 60.2
2018 68.3 60.6
2017 67.9 58.8
2016 65.9 57.7
2015 66.8 57.4
2014 65.7 57.1
2013 65 58.4
2012 64.7 58.8
2011 64.9 58.6
2010 62.3 58.3
2009 64.6 58.7
2008 63.7 58.9
2007 62.7 59.1
2006 64.1 57.4
2005 62.3 55.3
2004 59.2 55.3
2003 57 60.4
2002 57.1 58.7
2001 51.9 57
2000 47.3 57.6
1999 46.2 56.7
1998 45.7 56.2
1997 47.6 56
1996 48.6 56.6
1995 50 57

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 59.1 for Honduras, ranking 105/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Honduras
Services, % of GDP
63.3%
2025
57.6%
2025
Industry, % of GDP
21.2%
2025
25.4%
2025
Agriculture, forestry, and fishing, % of GDP
2.47%
2025
13.3%
2025
GNI, Atlas method
$114B
2025
$36B
2025
GNI per capita, PPP
$42,170
2025
$7,270
2025
Total reserves including gold
$47.1B
2025
$10.2B
2025
Total reserves ranking
51/177
2025
78/177
2025
Net foreign direct investment
-$3.37B
2025
-$810M
2025
Net inflows of foreign direct investment
$3.05B
2024
$478M
2024
Net outflows of foreign direct investment
$1.21B
2024
-$49.4M
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
5.23%
2024
Poverty at national poverty lines
21.7%
2023
60.1%
2025
Gross capital formation, % of GDP
21.7%
2025
24.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.