Bulgaria vs Iraq: Economic Indicators Comparison

Iraq with a GDP of $224.2B ranked the 50th largest economy in the world, while Bulgaria ranked 74th with $65.1B. By GDP 5-years average growth and GDP per capita, Iraq and Bulgaria ranked 85th vs 75th and 103rd vs 79th, respectively.

Gross Domestic Product & Income

Stat	Bulgaria	Iraq
GDP	$65.1B	$224.2B
GDP growth, 1 year	3.2%	0.6%
GDP growth, 5-years average	3.3%	3.1%
Population	7M	38.3M
GDP per capita	$9.3k	$5.8k
GDP per capita growth	3.84%	-2.84%
Purchasing Power Parity conversion factor	0.7	395.51
Price level ratio of PPP conversion factor GDP to market exchange rate	0.42	0.33
GDP per capita, PPP adjusted	$23k	$18k
GNI, Atlas method	$62.3B	$193.6B
GNI per capita	$8.9k	$5k
GNI, PPP adjusted	$156.6B	$661.5B
GNI per capita, PPP adjusted	$22k	$17k

Financial system and Human development

Stat	Bulgaria	Iraq
Income Tax Rate	10%	15%
Corporate Tax Rate	10%	15%
Inflation, consumer prices	2.6%	0.4%
Inflation, GDP deflator	3.6%	15.4%
Unemployment	5.3%	7.9%
Economic Freedom Index	70.2	21
Personal Freedom Index	8.32	3.21
Human Freedom Index	7.78	4.28
Property Rights Index	64.2	43.9
Judical Effectiveness Index	45.4	11.2
Business Freedom Index	62.6	52.6
Fiscal Health Index	99.2	76.6
Labor Freedom Index	68.1	44.8
Investment Freedom Index	70	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	86.4	N/A
Monetary Freedom Index	85.7	76.4
Government Spending Index	66.1	59.5
Tax Burden Index	90.3	N/A
Government Integrity Index	44.2	20.8
Corruption Perceptions Index	42	18
Life expectancy at birth, years	74.8	70.3
Suicide mortality rate, per 100,000 people	11.5	3
Mortality caused by road traffic injury, per 100,000 people	10.2	20.7
Intentional homicides, per 100,000 people	1.5	9.9
International tourism, number of arrivals	9.3M	892k

Government debt & reserves

Stat	Bulgaria	Iraq
Central government debt, % of GDP	20.5%	48.4%
External debt stocks, % of GNI	60.3%	N/A
External debt stocks	$39.9B	N/A
Short-term debt, % of total reserves	33.8%	N/A
Total debt service, % of exports and primary income	15.3%	N/A
Adjusted net savings including particulate emission damage, % of GNI	14.8%	-7%
Gross savings, % of GDP	27.7%	20.1%
Gross capital formation, % of GDP	21.6%	12.9%
Total reserves including gold	$28.7B	$64.7B
Foreign direct investment net inflows	$1.2B	-$4.9B

Exports, imports and economic structure

Stat	Bulgaria	Iraq
Exports of goods and services, % of GDP	66.9%	44%
Imports of goods and services, % of GDP	64.3%	35.9%
Current account balance (balance of payments)	$3.5B	$34.4B
Revenue excluding grants, % of GDP	32.8%	26.3%
Grants excluding technical cooperation, BoP	$391.7M	$1.7B
Personal remittances received	$2.4B	$741.7M
Industry including construction value added, % of GDP	23.8%	56.1%
Agriculture, forestry and fishing value added, % of GDP	3.6%	2%
Charges for the use of intellectual property, payments BoP	$209M	$7.8M
Charges for the use of intellectual property, receipts BoP	$88.8M	$100k
Expense, % of GDP	32.3%	25.3%
Government Expenditure, % of GDP	33.6%	36.7%