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Economy of Bulgaria vs Lithuania compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $84.9B for Lithuania, ranking 67/197 and 79/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $32.4B (38.2% of GDP) in Lithuania.

Bulgaria vs Lithuania GDP by year

Bulgaria
Lithuania
1x
Year GDP, current $
Bulgaria Lithuania
2024 $113,343,355,780 $84,869,215,513
2023 $102,199,231,385 $79,789,877,416
2022 $90,506,153,294 $71,033,884,500
2021 $84,374,613,233 $67,037,321,009
2020 $70,486,877,546 $57,412,038,533
2019 $68,507,731,354 $55,122,066,226
2018 $66,097,226,262 $54,261,795,149
2017 $59,167,647,388 $47,756,764,508
2016 $53,929,397,039 $42,970,749,245
2015 $50,765,918,159 $41,540,954,817
2014 $57,080,897,012 $48,306,546,657
2013 $55,819,262,375 $46,303,660,422
2012 $54,297,052,002 $42,709,372,067
2011 $57,681,293,007 $43,186,501,863
2010 $50,689,051,382 $36,638,128,534
2009 $52,023,801,230 $37,494,380,039
2008 $54,480,684,188 $47,831,254,208
2007 $44,431,257,129 $39,729,151,615
2006 $34,380,536,496 $30,116,192,747
2005 $29,868,657,858 $26,105,207,115
2004 $26,157,743,369 $22,743,164,431
2003 $21,144,957,990 $18,809,197,970
2002 $16,403,043,850 $14,282,292,665
2001 $14,183,446,026 $12,260,761,329
2000 $13,245,990,274 $11,550,695,727
1999 $13,637,098,579 $11,022,095,814
1998 $15,031,055,047 $11,289,161,847
1997 $11,316,127,379 $10,168,271,903
1996 $12,294,964,838 $8,430,207,164
1995 $18,991,484,420 $7,921,210,340
1994 $9,709,240,034 -
1993 $10,832,064,942 -
1992 $8,602,887,623 -
1991 $7,628,738,475 -
1990 $20,632,090,909 -
1989 $21,988,444,444 -
1988 $22,555,941,176 -
1987 $28,101,000,000 -
1986 $20,249,294,118 -
1985 $17,155,421,053 -
1984 $17,594,944,444 -
1983 $16,563,666,667 -
1982 $19,342,000,000 -
1981 $19,870,000,000 -
1980 $19,839,230,769 -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

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

GDP per capita in Bulgaria vs Lithuania by year

Bulgaria
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $29,384 $55,286
2023 $15,853 $38,829 $27,786 $52,348
2022 $13,999 $36,320 $25,086 $50,936
2021 $12,966 $30,959 $23,870 $45,874
2020 $10,760 $27,352 $20,429 $41,263
2019 $10,354 $26,766 $19,609 $40,564
2018 $9,849 $23,998 $19,247 $36,492
2017 $8,697 $22,317 $16,800 $31,305
2016 $7,822 $20,746 $14,934 $28,699
2015 $7,269 $18,896 $14,270 $26,949
2014 $8,070 $17,991 $16,446 $26,275
2013 $7,796 $16,894 $15,637 $24,890
2012 $7,432 $16,327 $14,288 $23,275
2011 $7,850 $15,747 $14,262 $21,558
2010 $6,854 $14,954 $11,829 $18,719
2009 $6,988 $14,188 $11,854 $17,055
2008 $7,271 $14,347 $14,956 $19,410
2007 $5,889 $12,822 $12,295 $17,969
2006 $4,523 $11,406 $9,210 $15,522
2005 $3,900 $10,291 $7,857 $13,951
2004 $3,390 $9,200 $6,735 $12,605
2003 $2,719 $8,416 $5,507 $11,660
2002 $2,093 $7,786 $4,148 $10,296
2001 $1,771 $6,960 $3,533 $9,399
2000 $1,621 $6,424 $3,301 $8,475
1999 $1,661 $5,808 $3,128 $7,918
1998 $1,820 $6,178 $3,181 $7,846
1997 $1,361 $5,751 $2,844 $7,167
1996 $1,470 $6,849 $2,341 $6,479
1995 $2,259 $7,743 $2,183 $6,023
1994 $1,150 $7,338 - $5,667
1993 $1,279 $7,032 - $6,107
1992 $1,007 $6,917 - $7,087
1991 $884 $7,215 - $8,790
1990 $2,367 $7,548 - $9,030
1989 $2,477 - - -
1988 $2,511 - - -
1987 $3,132 - - -
1986 $2,260 - - -
1985 $1,915 - - -
1984 $1,964 - - -
1983 $1,853 - - -
1982 $2,169 - - -
1981 $2,235 - - -
1980 $2,239 - - -

Data sources: World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06).

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

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $29,384 in Lithuania, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Lithuania ranks 39th at $55,286.

Economic indicators

Bulgaria Lithuania
Gross domestic product
$113B
2024
$84.9B
2024
GDP rank
67/197
2024
79/197
2024
GDP growth
3.39%
2023-2024
2.77%
2023-2024
GDP per capita
$17,596
2024
$29,384
2024
GDP per capita rank
64/197
2024
43/197
2024
GDP per capita, PPP
$41,969
2024
$55,286
2024
GDP per capita PPP rank
54/197
2024
39/197
2024
Government debt
$27.3B
2024
$32.4B
2024
Debt-to-GDP ratio
24.1%
2024
38.2%
2024
Government debt per person
$4,237
2024
$11,232
2024
Government debt per person rank
90/185
2024
49/185
2024
Average annual personal income after taxes
$14,263
2026
$19,946
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
27.3%
2023
Income share by poorest 10%
2.1%
2023
2.2%
2023
Government expenditure, % of GDP
36.7%
2024
39.5%
2024
Consumer prices inflation
2.6%
2023-2024
0.72%
2023-2024
Central bank interest rate
1.81%
2025
n/a
Unemployment rate
4.17%
2024
7.1%
2024
Population
6359449
2829914

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
Bulgaria Lithuania
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 39.5% 38.2%
2023 37.4% 22.9% 37.4% 37.3%
2022 37.6% 22.5% 36.3% 38.1%
2021 38.4% 23.8% 37.3% 43.3%
2020 37.6% 22.7% 42.4% 45.9%
2019 36% 18.4% 34.6% 35.6%
2018 34.4% 20.1% 33.8% 33.3%
2017 32% 22.9% 33.4% 39.3%
2016 32.7% 27% 34.5% 40%
2015 37.3% 25.4% 35.2% 42.6%
2014 37.1% 26.3% 35% 40.7%
2013 35.5% 17.2% 35.7% 38.9%
2012 32.5% 16.5% 36.6% 39.9%
2011 32% 14.3% 40.1% 37.5%
2010 34.6% 14.1% 43% 36.7%
2009 33.8% 14.5% 44.8% 27.9%
2008 33.5% 14.7% 38.2% 14.6%
2007 33.1% 17.6% 35.3% 15.9%
2006 32.5% 22.6% 34.4% 17.3%
2005 34% 28.5% 34.1% 17.6%
2004 34.6% 37.8% 33.9% 18.6%
2003 35.8% 45.4% 32.8% 20.4%
2002 35.1% 53.4% 34.4% 22.1%
2001 36.5% 67.1% 36.5% 22.9%
2000 37.1% 73.3% 38.7% 23.5%
1999 36.2% 78.7% 42.4% 28%
1998 30.6% 67.3% 39.6% 21.7%
1997 32.9% 88.4% 35% -
1996 44% 113.8% 34.4% -
1995 45.4% 72% 35.5% -

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

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

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Lithuania spent $33.5B, or 39.5% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 38.2% in Lithuania, ranking 169/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Lithuania
1x
Year Deficit/surplus, % of GDP
Bulgaria Lithuania
2024 -3.04% -1.28%
2023 -3.03% -0.69%
2022 -0.8% -0.72%
2021 -2.8% -1.15%
2020 -2.92% -6.42%
2019 -0.96% 0.41%
2018 0.12% 0.52%
2017 0.82% 0.36%
2016 1.54% 0.03%
2015 -2.77% -0.77%
2014 -3.65% -1.79%
2013 -1.75% -2.69%
2012 -0.43% -3.15%
2011 -1.83% -5.92%
2010 -3.77% -6.95%
2009 -0.86% -9.09%
2008 2.73% -3.09%
2007 3.09% -0.82%
2006 3.22% -0.27%
2005 2.19% -0.34%
2004 1.59% -1.39%
2003 0.003% -1.26%
2002 -0.61% -1.85%
2001 -0.58% -3.52%
2000 -0.6% -3.18%
1999 0.15% -7.82%
1998 1.08% -4.93%
1997 0.83% -0.76%
1996 -10.1% -3.59%
1995 -7.98% -3.31%
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/lithuania | 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 Lithuania's deficit of $1.09B, or 1.28% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while Lithuania ran a deficit in 26 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 2.51% of GDP for Lithuania.

Inflation comparison by year

Inflation
Bulgaria

Lithuania
1x
Year Consumer prices inflation
Bulgaria Lithuania
2024 2.6% 0.72%
2023 8.6% 9.12%
2022 13% 19.7%
2021 2.8% 4.68%
2020 1.2% 1.2%
2019 2.5% 2.33%
2018 2.6% 2.7%
2017 1.2% 3.72%
2016 -1.3% 0.91%
2015 -1.1% -0.88%
2014 -1.6% 0.1%
2013 0.4% 1.05%
2012 2.4% 3.09%
2011 3.4% 4.13%
2010 3% 1.32%
2009 2.5% 4.45%
2008 12% 10.9%
2007 7.6% 5.74%
2006 7.4% 3.74%
2005 6% 2.66%
2004 6.1% 1.16%
2003 2.3% -1.13%
2002 5.8% 0.28%
2001 7.4% 1.37%
2000 10.3% 0.98%
1999 2.6% 0.73%
1998 18.7% 5.07%
1997 1,061% 8.88%

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/lithuania | CC BY

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 3.53% in Lithuania. In 2024, inflation was 2.6% in Bulgaria and 0.72% in Lithuania.

Top exports between countries

Bulgaria
Export category Export value
Machinery & equipment $34.4M
Raw materials & minerals $30.9M
Chemicals & pharma $28.8M
Textiles & consumer goods $15.4M
Metals $13.6M
Processed food, beverages & tobacco $10.6M
Transport & tourism services $6.49M
Raw agricultural goods $6.34M
Miscellaneous $3.69M
Wood & paper products $2.77M
Lithuania
Export category Export value
Machinery & equipment $92.5M
Processed food, beverages & tobacco $45M
Chemicals & pharma $20.5M
Business & finance services $19M
Textiles & consumer goods $13.5M
Animal & marine products $9.13M
IT & IP services $9.12M
Raw materials & minerals $6.59M
Metals $5.09M
Manufacturing & construction services $4.85M

Balance of trade

Bulgaria Lithuania
Current account balance
-$1.74B
2024
$2.77B
2024
Current account balance ranking
138/190
2024
41/190
2024
Current account balance, % of GDP
-1.54%
2024
+3.27%
2024
Goods imports
$52.8B
2024
$43.8B
2024
Goods exports
$47.3B
2024
$38.9B
2024
Service imports
$8.26B
2024
$14.7B
2024
Service exports
$16.6B
2024
$24.3B
2024
Imports of goods and services, % of GDP
53.9%
2024
68.9%
2024
Exports of goods and services, % of GDP
56.4%
2024
74.1%
2024

Economic freedom indices

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

Bulgaria Lithuania
Economic freedom 68.9 75.3
Economic freedom ranking 44/197 18/197
Property rights 75.8 91.8
Government integrity 48.4 71.4
Judicial effectiveness 58.5 73.2
Tax burden 89.1 76.2
Government spending 58.4 57.3
Fiscal health 90.4 95.8
Business freedom 78.2 84.2
Labor freedom 62.4 58.1
Monetary freedom 75.8 76.7
Trade freedom 79.4 79.4
Investment freedom 60 70
Financial freedom 50 70

Economic freedom comparison by year

Bulgaria
Lithuania
1x
Year Economic freedom index
Bulgaria Lithuania
2026 68.9 75.3
2025 68.8 74.6
2024 68.5 72.9
2023 69.3 72.2
2022 71 75.8
2021 70.4 76.9
2020 70.2 76.7
2019 69 74.2
2018 68.3 75.3
2017 67.9 75.8
2016 65.9 75.2
2015 66.8 74.7
2014 65.7 73
2013 65 72.1
2012 64.7 71.5
2011 64.9 71.3
2010 62.3 70.3
2009 64.6 70
2008 63.7 70.9
2007 62.7 71.5
2006 64.1 71.8
2005 62.3 70.5
2004 59.2 72.4
2003 57 69.7
2002 57.1 66.1
2001 51.9 65.5
2000 47.3 61.9
1999 46.2 61.5
1998 45.7 59.4
1997 47.6 57.3
1996 48.6 49.7
1995 50 -

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

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 75.3 for Lithuania, ranking 18/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Lithuania
Services, % of GDP
63.8%
2024
63.6%
2024
Industry, % of GDP
21.1%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
2.57%
2024
GNI, Atlas method
$99B
2024
$78.4B
2024
GNI per capita, PPP
$39,850
2024
$53,920
2024
Total reserves including gold
$43.7B
2024
$7.41B
2024
Total reserves ranking
47/177
2024
86/177
2024
Net foreign direct investment
-$2.22B
2024
-$3.91B
2024
Net inflows of foreign direct investment
$3.55B
2024
$4.7B
2024
Net outflows of foreign direct investment
$1.13B
2024
$795M
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
n/a
Poverty at national poverty lines
21.7%
2023
20.9%
2021
Gross capital formation, % of GDP
20.4%
2024
20.4%
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/lithuania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1980–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, 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 (2022–2024, 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.