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Economy of Bulgaria vs Ivory Coast compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $87.1B for Ivory Coast, ranking 67/197 and 77/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $51.6B (59.3% of GDP) in Ivory Coast.

Bulgaria vs Ivory Coast GDP by year

Bulgaria
Ivory Coast
1x
Year GDP, current $
Bulgaria Ivory Coast
2024 $113,343,355,780 $87,113,179,149
2023 $102,199,231,385 $80,780,312,569
2022 $90,506,153,294 $70,922,824,814
2021 $84,374,613,233 $72,794,636,654
2020 $70,486,877,546 $63,027,852,805
2019 $68,507,731,354 $60,382,894,697
2018 $66,097,226,262 $58,522,477,787
2017 $59,167,647,388 $52,512,343,997
2016 $53,929,397,039 $48,407,761,037
2015 $50,765,918,159 $45,815,005,169
2014 $57,080,897,012 $48,843,005,614
2013 $55,819,262,375 $42,760,235,485
2012 $54,297,052,002 $36,302,302,877
2011 $57,681,293,007 $36,693,710,801
2010 $50,689,051,382 $34,936,307,980
2009 $52,023,801,230 $33,886,813,250
2008 $54,480,684,188 $34,078,240,293
2007 $44,431,257,129 $28,760,090,953
2006 $34,380,536,496 $25,281,413,263
2005 $29,868,657,858 $24,036,918,703
2004 $26,157,743,369 $23,510,575,681
2003 $21,144,957,990 $21,251,754,340
2002 $16,403,043,850 $18,054,383,321
2001 $14,183,446,026 $16,810,537,044
2000 $13,245,990,274 $16,577,533,892
1999 $13,637,098,579 $18,870,992,456
1998 $15,031,055,047 $19,619,654,756
1997 $11,316,127,379 $18,047,558,038
1996 $12,294,964,838 $18,071,152,831
1995 $18,991,484,420 $11,000,146,267
1994 $9,709,240,034 $8,313,557,510
1993 $10,832,064,942 $11,045,760,288
1992 $8,602,887,623 $11,152,971,274
1991 $7,628,738,475 $10,492,628,581
1990 $20,632,090,909 $10,795,850,583
1989 $21,988,444,444 $9,757,410,645
1988 $22,555,941,176 $10,255,169,806
1987 $28,101,000,000 $10,087,654,465
1986 $20,249,294,118 $9,158,302,100
1985 $17,155,421,053 $6,977,650,644
1984 $17,594,944,444 $6,841,639,247
1983 $16,563,666,667 $6,838,184,773
1982 $19,342,000,000 $7,567,110,849
1981 $19,870,000,000 $8,432,589,942
1980 $19,839,230,769 $10,175,617,609
1979 - $9,142,933,967
1978 - $7,900,526,298
1977 - $6,265,068,189
1976 - $4,662,053,825
1975 - $3,893,839,190
1974 - $3,070,152,309
1973 - $2,508,421,426
1972 - $1,849,400,402
1971 - $1,584,128,509
1970 - $1,455,482,795
1969 - $1,361,360,293
1968 - $1,281,281,277
1967 - $1,082,922,725
1966 - $1,024,102,880
1965 - $919,771,229
1964 - $921,063,327
1963 - $761,047,198
1962 - $645,284,474
1961 - $618,245,634
1960 - $546,203,559

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

GeoRank.org/economy/bulgaria/ivory-coast | CC BY

GDP per capita in Bulgaria vs Ivory Coast by year

Bulgaria
GDP per capita

GDP per capita, PPP
Ivory Coast
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Ivory Coast
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $2,728 $7,669
2023 $15,853 $38,829 $2,592 $7,237
2022 $13,999 $36,320 $2,333 $6,719
2021 $12,966 $30,959 $2,456 $6,045
2020 $10,760 $27,352 $2,180 $5,544
2019 $10,354 $26,766 $2,142 $5,516
2018 $9,849 $23,998 $2,131 $4,946
2017 $8,697 $22,317 $1,964 $4,690
2016 $7,822 $20,746 $1,863 $4,531
2015 $7,269 $18,896 $1,815 $4,404
2014 $8,070 $17,991 $1,991 $4,074
2013 $7,796 $16,894 $1,786 $3,619
2012 $7,432 $16,327 $1,547 $3,291
2011 $7,850 $15,747 $1,597 $3,176
2010 $6,854 $14,954 $1,554 $3,361
2009 $6,988 $14,188 $1,540 $3,177
2008 $7,271 $14,347 $1,584 $3,116
2007 $5,889 $12,822 $1,368 $2,985
2006 $4,523 $11,406 $1,230 $2,942
2005 $3,900 $10,291 $1,198 $2,842
2004 $3,390 $9,200 $1,200 $2,794
2003 $2,719 $8,416 $1,111 $2,702
2002 $2,093 $7,786 $968 $2,851
2001 $1,771 $6,960 $925 $2,962
2000 $1,621 $6,424 $937 $3,041
1999 $1,661 $5,808 $1,096 $3,065
1998 $1,820 $6,178 $1,177 $3,086
1997 $1,361 $5,751 $1,125 $3,040
1996 $1,470 $6,849 $1,170 $2,832
1995 $2,259 $7,743 $740 $2,683
1994 $1,150 $7,338 $582 $2,551
1993 $1,279 $7,032 $804 $2,577
1992 $1,007 $6,917 $845 $2,625
1991 $884 $7,215 $827 $2,677
1990 $2,367 $7,548 $886 $2,693
1989 $2,477 - $833 -
1988 $2,511 - $910 -
1987 $3,132 - $930 -
1986 $2,260 - $877 -
1985 $1,915 - $695 -
1984 $1,964 - $709 -
1983 $1,853 - $737 -
1982 $2,169 - $849 -
1981 $2,235 - $986 -
1980 $2,239 - $1,238 -
1979 - - $1,157 -
1978 - - $1,039 -
1977 - - $856 -
1976 - - $661 -
1975 - - $575 -
1974 - - $474 -
1973 - - $406 -
1972 - - $313 -
1971 - - $280.3 -
1970 - - $269 -
1969 - - $262.2 -
1968 - - $256.8 -
1967 - - $225.6 -
1966 - - $221.8 -
1965 - - $207 -
1964 - - $215.5 -
1963 - - $185.1 -
1962 - - $163.1 -
1961 - - $162.3 -
1960 - - $148.7 -

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

GeoRank.org/economy/bulgaria/ivory-coast | CC BY

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $2,728 in Ivory Coast, ranking 142/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Ivory Coast ranks 145th at $7,669.

Economic indicators

Bulgaria Ivory Coast
Gross domestic product
$113B
2024
$87.1B
2024
GDP rank
67/197
2024
77/197
2024
GDP growth
3.39%
2023-2024
6.02%
2023-2024
GDP per capita
$17,596
2024
$2,728
2024
GDP per capita rank
64/197
2024
142/197
2024
GDP per capita, PPP
$41,969
2024
$7,669
2024
GDP per capita PPP rank
54/197
2024
145/197
2024
Government debt
$27.3B
2024
$51.6B
2024
Debt-to-GDP ratio
24.1%
2024
59.3%
2024
Government debt per person
$4,237
2024
$1,616
2024
Government debt per person rank
90/185
2024
125/185
2024
Average annual personal income after taxes
$14,263
2026
$2,733
2026
Market capitalization of domestic companies
$8.41B
2024
$7.33B
2020
Number of billionaires
2
2025
n/a
Income share by richest 10%
31.1%
2023
27.8%
2021
Income share by poorest 10%
2.1%
2023
3.1%
2021
Government expenditure, % of GDP
36.7%
2024
20.4%
2024
Consumer prices inflation
2.6%
2023-2024
3.45%
2023-2024
Central bank interest rate
1.81%
2025
n/a
Unemployment rate
4.17%
2024
2.31%
2022
Population
6359449
33722528

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Ivory Coast
Spending

Debt
1x
Year % of GDP
Bulgaria Ivory Coast
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 20.4% 59.3%
2023 37.4% 22.9% 21.3% 57.5%
2022 37.6% 22.5% 21.9% 56%
2021 38.4% 23.8% 20.5% 50.2%
2020 37.6% 22.7% 20.4% 46.3%
2019 36% 18.4% 17.2% 37.2%
2018 34.4% 20.1% 17.6% 35.3%
2017 32% 22.9% 18.1% 32.6%
2016 32.7% 27% 17.6% 31.1%
2015 37.3% 25.4% 16.5% 29.2%
2014 37.1% 26.3% 15.2% 26.7%
2013 35.5% 17.2% 15.9% 24.6%
2012 32.5% 16.5% 16.1% 24.7%
2011 32% 14.3% 13.2% 50%
2010 34.6% 14.1% 14.5% 45.6%
2009 33.8% 14.5% 14.4% 46.5%
2008 33.5% 14.7% 14.6% 51.2%
2007 33.1% 17.6% 14.8% 53.5%
2006 32.5% 22.6% 14.5% 57.5%
2005 34% 28.5% 13.6% 58.2%
2004 34.6% 37.8% 13.5% 56.7%
2003 35.8% 45.4% 12.7% 56.4%
2002 35.1% 53.4% 13.1% 63%
2001 36.5% 67.1% 11.4% 71.2%
2000 37.1% 73.3% 12.9% 74%
1999 36.2% 78.7% 13.7% 78%
1998 30.6% 67.3% 14.6% 75.2%
1997 32.9% 88.4% 15.2% 84.2%
1996 44% 113.8% - -
1995 45.4% 72% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/ivory-coast | CC BY

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Ivory Coast spent $17.7B, or 20.4% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 59.3% in Ivory Coast, ranking 169/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Ivory Coast
1x
Year Deficit/surplus, % of GDP
Bulgaria Ivory Coast
2024 -3.04% -3.97%
2023 -3.03% -5.19%
2022 -0.8% -6.74%
2021 -2.8% -4.86%
2020 -2.92% -5.42%
2019 -0.96% -2.22%
2018 0.12% -2.9%
2017 0.82% -3.27%
2016 1.54% -2.98%
2015 -2.77% -2.04%
2014 -3.65% -1.57%
2013 -1.75% -1.62%
2012 -0.43% -2.28%
2011 -1.83% -2.89%
2010 -3.77% -1.34%
2009 -0.86% -1%
2008 2.73% -0.21%
2007 3.09% -0.39%
2006 3.22% -1.03%
2005 2.19% -1.03%
2004 1.59% -1.04%
2003 0.003% -1.26%
2002 -0.61% -0.64%
2001 -0.58% 0.7%
2000 -0.6% -0.83%
1999 0.15% -1.27%
1998 1.08% -0.7%
1997 0.83% -0.75%
1996 -10.1% -
1995 -7.98% -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
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 (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/ivory-coast | 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 Ivory Coast's deficit of $3.45B, or 3.97% of GDP.

Over the past 28 years, Bulgaria recorded a fiscal deficit in 16 of those years, while Ivory Coast ran a deficit in 27 years. On average, Bulgaria posted an annual deficit equal to 0.47% of GDP, compared to deficit of 2.1% of GDP for Ivory Coast.

Inflation comparison by year

Inflation
Bulgaria

Ivory Coast
1x
Year Consumer prices inflation
Bulgaria Ivory Coast
2024 2.6% 3.45%
2023 8.6% 4.37%
2022 13% 5.23%
2021 2.8% 4.16%
2020 1.2% 2.41%
2019 2.5% 0.79%
2018 2.6% 0.4%
2017 1.2% 0.69%
2016 -1.3% 0.72%
2015 -1.1% 1.25%
2014 -1.6% 0.45%
2013 0.4% 2.58%
2012 2.4% 1.3%
2011 3.4% 4.91%
2010 3% 1.23%
2009 2.5% 1.02%
2008 12% 6.31%
2007 7.6% 1.89%
2006 7.4% 2.47%
2005 6% 3.89%
2004 6.1% 1.46%
2003 2.3% 3.3%
2002 5.8% 3.08%
2001 7.4% 4.36%
2000 10.3% 2.53%
1999 2.6% 0.7%
1998 18.7% 4.61%
1997 1,061% 4.02%

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/ivory-coast | CC BY

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 2.63% in Ivory Coast. In 2024, inflation was 2.6% in Bulgaria and 3.45% in Ivory Coast.

Top exports between countries

Bulgaria
Export category Export value
Raw materials & minerals $6.75M
Wood & paper products $1.1M
Animal & marine products $903K
Chemicals & pharma $765K
Textiles & consumer goods $684K
Processed food, beverages & tobacco $566K
Machinery & equipment $384K
Metals $87K
Raw agricultural goods $28K
Miscellaneous $4K
Ivory Coast
Export category Export value
Processed food, beverages & tobacco $62.4M
Raw materials & minerals $620K
Raw agricultural goods $480K
Textiles & consumer goods $57K
Metals $24K
Wood & paper products $23K
Machinery & equipment $16K
Chemicals & pharma $7K
Precious metals & jewellery $3K

Balance of trade

Bulgaria Ivory Coast
Current account balance
-$1.74B
2024
-$9.21B
2023
Current account balance ranking
138/190
2024
175/190
2023
Current account balance, % of GDP
-1.54%
2024
-11.4%
2023
Goods imports
$52.8B
2024
$15.4B
2023
Goods exports
$47.3B
2024
$17.1B
2023
Service imports
$8.26B
2024
$8.78B
2023
Service exports
$16.6B
2024
$1.5B
2023
Imports of goods and services, % of GDP
53.9%
2024
25.2%
2024
Exports of goods and services, % of GDP
56.4%
2024
26%
2024

Economic freedom indices

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

Bulgaria Ivory Coast
Economic freedom 68.9 58.1
Economic freedom ranking 44/197 111/197
Property rights 75.8 43.9
Government integrity 48.4 39.3
Judicial effectiveness 58.5 30.2
Tax burden 89.1 81.6
Government spending 58.4 86.6
Fiscal health 90.4 48
Business freedom 78.2 68.3
Labor freedom 62.4 57.1
Monetary freedom 75.8 67.6
Trade freedom 79.4 74.4
Investment freedom 60 50
Financial freedom 50 50

Economic freedom comparison by year

Bulgaria
Ivory Coast
1x
Year Economic freedom index
Bulgaria Ivory Coast
2026 68.9 58.1
2025 68.8 57.8
2024 68.5 58.4
2023 69.3 60.4
2022 71 61.6
2021 70.4 61.7
2020 70.2 59.7
2019 69 62.4
2018 68.3 62
2017 67.9 63
2016 65.9 60
2015 66.8 58.5
2014 65.7 57.7
2013 65 54.1
2012 64.7 54.3
2011 64.9 55.4
2010 62.3 54.1
2009 64.6 55
2008 63.7 53.9
2007 62.7 54.9
2006 64.1 56.2
2005 62.3 56.6
2004 59.2 57.8
2003 57 56.7
2002 57.1 57.3
2001 51.9 54.8
2000 47.3 50.2
1999 46.2 51.7
1998 45.7 51.3
1997 47.6 50.5
1996 48.6 49.9
1995 50 53.4

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

GeoRank.org/economy/bulgaria/ivory-coast | CC BY

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 58.1 for Ivory Coast, ranking 111/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Ivory Coast
Services, % of GDP
63.8%
2024
51.9%
2024
Industry, % of GDP
21.1%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
15.9%
2024
GNI, Atlas method
$99B
2024
$80.9B
2024
GNI per capita, PPP
$39,850
2024
$7,360
2024
Total reserves including gold
$43.7B
2024
n/a
Total reserves ranking
47/177
2024
n/a
Net foreign direct investment
-$2.22B
2024
-$2B
2023
Net inflows of foreign direct investment
$3.55B
2024
$3.12B
2024
Net outflows of foreign direct investment
$1.13B
2024
$228M
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
6.44%
2024
Poverty at national poverty lines
21.7%
2023
37.5%
2021
Gross capital formation, % of GDP
20.4%
2024
20.9%
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/ivory-coast | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, 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.