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Economy of Bulgaria vs Kiribati compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $308M for Kiribati, ranking 67/197 and 192/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Bulgaria vs Kiribati GDP by year

Bulgaria
Kiribati
1x
Year GDP, current $
Bulgaria Kiribati
2024 $113,343,355,780 $307,862,564
2023 $102,199,231,385 $288,610,748
2022 $90,506,153,294 $270,040,453
2021 $84,374,613,233 $285,259,881
2020 $70,486,877,546 $220,898,020
2019 $68,507,731,354 $216,985,388
2018 $66,097,226,262 $233,514,717
2017 $59,167,647,388 $222,875,736
2016 $53,929,397,039 $206,467,819
2015 $50,765,918,159 $191,559,399
2014 $57,080,897,012 $200,287,282
2013 $55,819,262,375 $201,730,861
2012 $54,297,052,002 $207,001,546
2011 $57,681,293,007 $195,970,140
2010 $50,689,051,382 $165,458,433
2009 $52,023,801,230 $140,177,384
2008 $54,480,684,188 $147,017,895
2007 $44,431,257,129 $138,054,946
2006 $34,380,536,496 $112,338,353
2005 $29,868,657,858 $113,895,437
2004 $26,157,743,369 $104,085,892
2003 $21,144,957,990 $96,105,619
2002 $16,403,043,850 $74,743,869
2001 $14,183,446,026 $64,935,850
2000 $13,245,990,274 $74,910,527
1999 $13,637,098,579 $77,323,978
1998 $15,031,055,047 $74,905,706
1997 $11,316,127,379 $80,205,807
1996 $12,294,964,838 $81,456,854
1995 $18,991,484,420 $68,596,395
1994 $9,709,240,034 $67,055,334
1993 $10,832,064,942 $58,953,596
1992 $8,602,887,623 $61,491,369
1991 $7,628,738,475 $41,247,792
1990 $20,632,090,909 $36,534,295
1989 $21,988,444,444 $37,645,319
1988 $22,555,941,176 $38,278,810
1987 $28,101,000,000 $29,554,413
1986 $20,249,294,118 $25,993,009
1985 $17,155,421,053 $26,126,615
1984 $17,594,944,444 $34,394,167
1983 $16,563,666,667 $31,000,546
1982 $19,342,000,000 $32,742,713
1981 $19,870,000,000 $35,267,489
1980 $19,839,230,769 $33,157,723
1979 - $34,466,197
1978 - $36,563,965
1977 - $31,335,459
1976 - $33,246,817
1975 - $44,547,454
1974 - $69,256,489
1973 - $25,645,040
1972 - $15,314,346
1971 - $12,356,134
1970 - $11,560,877

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Bulgaria vs Kiribati by year

Bulgaria
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $2,289 $3,702
2023 $15,853 $38,829 $2,178 $3,486
2022 $13,999 $36,320 $2,070 $3,329
2021 $12,966 $30,959 $2,222 $3,020
2020 $10,760 $27,352 $1,752 $2,711
2019 $10,354 $26,766 $1,751 $2,763
2018 $9,849 $23,998 $1,913 $2,672
2017 $8,697 $22,317 $1,853 $2,562
2016 $7,822 $20,746 $1,743 $2,463
2015 $7,269 $18,896 $1,640 $2,311
2014 $8,070 $17,991 $1,737 $2,084
2013 $7,796 $16,894 $1,772 $2,049
2012 $7,432 $16,327 $1,844 $1,896
2011 $7,850 $15,747 $1,771 $1,786
2010 $6,854 $14,954 $1,522 $1,724
2009 $6,988 $14,188 $1,317 $1,718
2008 $7,271 $14,347 $1,411 $1,735
2007 $5,889 $12,822 $1,353 $1,792
2006 $4,523 $11,406 $1,123 $1,728
2005 $3,900 $10,291 $1,162 $1,617
2004 $3,390 $9,200 $1,083 $1,579
2003 $2,719 $8,416 $1,021 $1,578
2002 $2,093 $7,786 $810 $1,605
2001 $1,771 $6,960 $719 $1,591
2000 $1,621 $6,424 $845 $1,638
1999 $1,661 $5,808 $887 $1,526
1998 $1,820 $6,178 $874 $1,593
1997 $1,361 $5,751 $953 $1,535
1996 $1,470 $6,849 $986 $1,519
1995 $2,259 $7,743 $844 $1,518
1994 $1,150 $7,338 $838 $1,469
1993 $1,279 $7,032 $748 $1,431
1992 $1,007 $6,917 $792 $1,421
1991 $884 $7,215 $540 $1,139
1990 $2,367 $7,548 $488 $1,192
1989 $2,477 - $515 -
1988 $2,511 - $536 -
1987 $3,132 - $424 -
1986 $2,260 - $382 -
1985 $1,915 - $393 -
1984 $1,964 - $527 -
1983 $1,853 - $483 -
1982 $2,169 - $519 -
1981 $2,235 - $568 -
1980 $2,239 - $542 -
1979 - - $573 -
1978 - - $611 -
1977 - - $520 -
1976 - - $548 -
1975 - - $730 -
1974 - - $1,131 -
1973 - - $422 -
1972 - - $256.2 -
1971 - - $210.7 -
1970 - - $201 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Kiribati ranks 169th at $3,702.

Economic indicators

Bulgaria Kiribati
Gross domestic product
$113B
2024
$308M
2024
GDP rank
67/197
2024
192/197
2024
GDP growth
3.39%
2023-2024
5.27%
2023-2024
GDP per capita
$17,596
2024
$2,289
2024
GDP per capita rank
64/197
2024
152/197
2024
GDP per capita, PPP
$41,969
2024
$3,702
2024
GDP per capita PPP rank
54/197
2024
169/197
2024
Government debt
$27.3B
2024
$30.5M
2024
Debt-to-GDP ratio
24.1%
2024
9.92%
2024
Government debt per person
$4,237
2024
$226.9
2024
Government debt per person rank
90/185
2024
181/185
2024
Average annual personal income after taxes
$14,263
2026
$1,967
2026
Market capitalization of domestic companies
$8.41B
2024
n/a
Number of billionaires
2
2025
n/a
Income share by richest 10%
31.1%
2023
22.8%
2019
Income share by poorest 10%
2.1%
2023
4%
2019
Government expenditure, % of GDP
36.7%
2024
98.1%
2024
Consumer prices inflation
2.6%
2023-2024
2.5%
2023-2024
Central bank interest rate
1.81%
2025
n/a
Unemployment rate
4.17%
2024
2.79%
2023
Population
6359449
139020

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Bulgaria Kiribati
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 98.1% 9.92%
2023 37.4% 22.9% 95.3% 11.4%
2022 37.6% 22.5% 87.5% 16.3%
2021 38.4% 23.8% 84% 17.3%
2020 37.6% 22.7% 102.2% 21%
2019 36% 18.4% 108.3% 19%
2018 34.4% 20.1% 108.8% 19%
2017 32% 22.9% 92.1% 20.2%
2016 32.7% 27% 99% 21.2%
2015 37.3% 25.4% 90.9% 18.8%
2014 37.1% 26.3% 101.2% 8.97%
2013 35.5% 17.2% 78% 8.86%
2012 32.5% 16.5% 83.9% 8.13%
2011 32% 14.3% 80.9% 8.8%
2010 34.6% 14.1% 75.7% 9.43%
2009 33.8% 14.5% 74.7% 10.3%
2008 33.5% 14.7% 79.4% 13.9%
2007 33.1% 17.6% 77.3% 11.1%
2006 32.5% 22.6% 82.1% 12.9%
2005 34% 28.5% 95.6% 12.1%
2004 34.6% 37.8% 103.8% 13.6%
2003 35.8% 45.4% 84.4% 12.3%
2002 35.1% 53.4% 96.9% 13.3%
2001 36.5% 67.1% 101.3% 17%
2000 37.1% 73.3% 66% 12.7%
1999 36.2% 78.7% 77.6% 11.8%
1998 30.6% 67.3% 74.7% 9.81%
1997 32.9% 88.4% 70.9% 10.7%
1996 44% 113.8% 68.4% 11%
1995 45.4% 72% 69.6% 12.3%
1994 - - 54.6% 12.3%
1993 - - 55.3% 10.9%
1992 - - 65.9% 7.31%
1991 - - 82.1% 8.43%
1990 - - 105.5% 7.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1997, retrieved 2026-02-20).

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

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 9.92% in Kiribati, ranking 169/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Kiribati
1x
Year Deficit/surplus, % of GDP
Bulgaria Kiribati
2024 -3.04% -22%
2023 -3.03% 0.13%
2022 -0.8% -18.3%
2021 -2.8% -10.8%
2020 -2.92% 3.57%
2019 -0.96% 10.8%
2018 0.12% 5.18%
2017 0.82% 34.1%
2016 1.54% 20.1%
2015 -2.77% 42.5%
2014 -3.65% 35%
2013 -1.75% 11.8%
2012 -0.43% -5.43%
2011 -1.83% -17.6%
2010 -3.77% -7.8%
2009 -0.86% -8.56%
2008 2.73% -15.8%
2007 3.09% -12.5%
2006 3.22% -12.3%
2005 2.19% -9.96%
2004 1.59% -19.2%
2003 0.003% -8.93%
2002 -0.61% 3.13%
2001 -0.58% -10.9%
2000 -0.6% -0.03%
1999 0.15% -1.81%
1998 1.08% 14.6%
1997 0.83% 5.92%
1996 -10.1% -20.2%
1995 -7.98% -5.14%
1994 - 0.74%
1993 - 6.27%
1992 - 0.79%
1991 - 3.87%
1990 - -4.62%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/kiribati | 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 Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while Kiribati ran a deficit in 18 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 0.68% of GDP for Kiribati.

Inflation comparison by year

Inflation
Bulgaria

Kiribati
1x
Year Consumer prices inflation
Bulgaria Kiribati
2024 2.6% 2.5%
2023 8.6% 9.3%
2022 13% 5.3%
2021 2.8% 2.1%
2020 1.2% 2.6%
2019 2.5% -1.8%
2018 2.6% 0.6%
2017 1.2% 0.4%
2016 -1.3% 1.9%
2015 -1.1% 0.6%
2014 -1.6% 2.1%
2013 0.4% -1.5%
2012 2.4% -3%
2011 3.4% 1.5%
2010 3% -3.9%
2009 2.5% 9.8%
2008 12% 13.7%
2007 7.6% 3.6%
2006 7.4% -1%
2005 6% -0.4%
2004 6.1% -0.7%
2003 2.3% 1.6%
2002 5.8% 3.2%
2001 7.4% 6%
2000 10.3% 0.4%
1999 2.6% 1.8%
1998 18.7% 3.7%
1997 1,061% 2.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 2.25% in Kiribati. In 2024, inflation was 2.6% in Bulgaria and 2.5% in Kiribati.

Top exports between countries

Bulgaria
Export category Export value
Machinery & equipment $36K
Kiribati
Export category Export value

Balance of trade

Bulgaria Kiribati
Current account balance
-$1.74B
2024
-$59.5M
2024
Current account balance ranking
138/190
2024
85/190
2024
Current account balance, % of GDP
-1.54%
2024
-19.3%
2024
Goods imports
$52.8B
2024
$227M
2024
Goods exports
$47.3B
2024
$8.49M
2024
Service imports
$8.26B
2024
$108M
2024
Service exports
$16.6B
2024
$7M
2024
Imports of goods and services, % of GDP
53.9%
2024
94.9%
2024
Exports of goods and services, % of GDP
56.4%
2024
6.27%
2024

Economic freedom indices

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

Bulgaria Kiribati
Economic freedom 68.9 50.8
Economic freedom ranking 44/197 158/197
Property rights 75.8 69.6
Government integrity 48.4 50.5
Judicial effectiveness 58.5 54.6
Tax burden 89.1 72.6
Government spending 58.4 0
Fiscal health 90.4 19.8
Business freedom 78.2 60.2
Labor freedom 62.4 65.3
Monetary freedom 75.8 76.7
Trade freedom 79.4 80
Investment freedom 60 30
Financial freedom 50 30

Economic freedom comparison by year

Bulgaria
Kiribati
1x
Year Economic freedom index
Bulgaria Kiribati
2026 68.9 50.8
2025 68.8 50.9
2024 68.5 51.3
2023 69.3 58.8
2022 71 59.2
2021 70.4 44.4
2020 70.2 45.2
2019 69 47.3
2018 68.3 50.8
2017 67.9 50.9
2016 65.9 46.2
2015 66.8 46.4
2014 65.7 46.3
2013 65 45.9
2012 64.7 46.9
2011 64.9 44.8
2010 62.3 43.7
2009 64.6 45.7
2008 63.7 -
2007 62.7 -
2006 64.1 -
2005 62.3 -
2004 59.2 -
2003 57 -
2002 57.1 -
2001 51.9 -
2000 47.3 -
1999 46.2 -
1998 45.7 -
1997 47.6 -
1996 48.6 -
1995 50 -

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

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Kiribati
Services, % of GDP
63.8%
2024
67.1%
2023
Industry, % of GDP
21.1%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
27.2%
2023
GNI, Atlas method
$99B
2024
$493M
2024
GNI per capita, PPP
$39,850
2024
$6,060
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
-$8.06M
2024
Net inflows of foreign direct investment
$3.55B
2024
$8.07M
2024
Net outflows of foreign direct investment
$1.13B
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
n/a
Poverty at national poverty lines
21.7%
2023
5.5%
2023
Gross capital formation, % of GDP
20.4%
2024
25.8%
2023

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/kiribati | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2024, retrieved 2026-02-08)

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.