Bulgaria vs Iceland: Economic Indicators Comparison

Bulgaria with a GDP of $65.1B ranked the 74th largest economy in the world, while Iceland ranked 108th with $25.9B. By GDP 5-years average growth and GDP per capita, Bulgaria and Iceland ranked 75th vs 47th and 79th vs 8th, respectively.

Gross Domestic Product & Income

StatBulgariaIceland
GDP$65.1B$25.9B
GDP growth, 1 year3.2%4.6%
GDP growth, 5-years average3.3%4.5%
Population7M357k
GDP per capita$9.3k$73k
GDP per capita growth3.84%1.6%
Purchasing Power Parity conversion factor0.7138.33
Price level ratio of PPP conversion factor GDP to market exchange rate0.421.28
GDP per capita, PPP adjusted$23k$56k
GNI, Atlas method$62.3B$24B
GNI per capita$8.9k$68k
GNI, PPP adjusted$156.6B$19.5B
GNI per capita, PPP adjusted$22k$55k

Financial system and Human development

StatBulgariaIceland
Income Tax Rate10%31.8%
Corporate Tax Rate10%20%
Inflation, consumer prices2.6%2.7%
Inflation, GDP deflator3.6%2.4%
Unemployment5.3%2.9%
Economic Freedom Index70.277.1
Personal Freedom Index8.329.27
Human Freedom Index7.788.22
Property Rights Index64.287.6
Judical Effectiveness Index45.463.2
Business Freedom Index62.684.7
Fiscal Health Index99.297.5
Labor Freedom Index68.163.5
Investment Freedom Index7085
Financial Freedom Index6070
Trade Freedom Index86.486.8
Monetary Freedom Index85.780.3
Government Spending Index66.144.1
Tax Burden Index90.371.7
Government Integrity Index44.290.3
Corruption Perceptions Index4276
Life expectancy at birth, years74.882.2
Suicide mortality rate, per 100,000 people11.514
Mortality caused by road traffic injury, per 100,000 people10.26.6
Intentional homicides, per 100,000 people1.50.9
International tourism, number of arrivals9.3M2.3M

Government debt & reserves

StatBulgariaIceland
Central government debt, % of GDP20.5%35.4%
External debt stocks, % of GNI60.3%N/A
External debt stocks$39.9BN/A
Short-term debt, % of total reserves33.8%N/A
Total debt service, % of exports and primary income15.3%N/A
Adjusted net savings including particulate emission damage, % of GNI14.8%16.6%
Gross savings, % of GDP27.7%21.2%
Gross capital formation, % of GDP21.6%22.6%
Total reserves including gold$28.7B$6.3B
Foreign direct investment net inflows$1.2B-$434.6M

Exports, imports and economic structure

StatBulgariaIceland
Exports of goods and services, % of GDP66.9%47.2%
Imports of goods and services, % of GDP64.3%44.1%
Current account balance (balance of payments)$3.5B$731.3M
Revenue excluding grants, % of GDP32.8%31%
Grants excluding technical cooperation, BoP$391.7MN/A
Personal remittances received$2.4B$168.9M
Industry including construction value added, % of GDP23.8%19.6%
Agriculture, forestry and fishing value added, % of GDP3.6%4.6%
Charges for the use of intellectual property, payments BoP$209M$143.4M
Charges for the use of intellectual property, receipts BoP$88.8M$241.7M
Expense, % of GDP32.3%30.8%
Government Expenditure, % of GDP33.6%43.2%

Compare with countries close by GDP per capita

Bulgaria vs

CountryGDP
per capita
Population
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M

Iceland vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k