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Economy of Bulgaria vs Mexico compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $1.86T for Mexico, ranking 67/197 and 13/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $1.08T (58.3% of GDP) in Mexico.

Bulgaria vs Mexico GDP by year

Bulgaria
Mexico
1x
Year GDP, current $
Bulgaria Mexico
2024 $113,343,355,780 $1,856,365,616,166
2023 $102,199,231,385 $1,798,317,581,487
2022 $90,506,153,294 $1,466,934,724,293
2021 $84,374,613,233 $1,316,569,466,686
2020 $70,486,877,546 $1,121,064,767,308
2019 $68,507,731,354 $1,304,106,203,902
2018 $66,097,226,262 $1,256,300,182,880
2017 $59,167,647,388 $1,190,721,475,906
2016 $53,929,397,039 $1,112,233,497,453
2015 $50,765,918,159 $1,213,294,467,717
2014 $57,080,897,012 $1,364,507,717,614
2013 $55,819,262,375 $1,327,436,290,283
2012 $54,297,052,002 $1,255,110,424,818
2011 $57,681,293,007 $1,229,013,703,417
2010 $50,689,051,382 $1,105,424,238,731
2009 $52,023,801,230 $943,437,415,025
2008 $54,480,684,188 $1,161,553,459,715
2007 $44,431,257,129 $1,102,355,554,972
2006 $34,380,536,496 $1,020,265,057,882
2005 $29,868,657,858 $917,571,853,529
2004 $26,157,743,369 $819,459,227,375
2003 $21,144,957,990 $765,549,967,703
2002 $16,403,043,850 $810,666,116,402
2001 $14,183,446,026 $796,064,590,549
2000 $13,245,990,274 $742,061,329,749
1999 $13,637,098,579 $631,249,359,702
1998 $15,031,055,047 $557,461,102,631
1997 $11,316,127,379 $523,449,530,464
1996 $12,294,964,838 $432,157,945,024
1995 $18,991,484,420 $380,157,469,867
1994 $9,709,240,034 $553,618,247,901
1993 $10,832,064,942 $530,160,763,663
1992 $8,602,887,623 $363,157,832,924
1991 $7,628,738,475 $313,139,656,146
1990 $20,632,090,909 $261,253,675,693
1989 $21,988,444,444 $221,403,098,267
1988 $22,555,941,176 $181,611,150,497
1987 $28,101,000,000 $147,542,558,209
1986 $20,249,294,118 $134,556,034,673
1985 $17,155,421,053 $195,241,069,482
1984 $17,594,944,444 $184,230,754,105
1983 $16,563,666,667 $156,167,000,433
1982 $19,342,000,000 $184,602,611,610
1981 $19,870,000,000 $263,797,827,860
1980 $19,839,230,769 $205,577,055,466
1979 - $134,531,900,899
1978 - $102,648,570,299
1977 - $81,912,018,784
1976 - $88,875,923,765
1975 - $88,000,000,000
1974 - $72,000,000,000
1973 - $55,280,000,000
1972 - $45,200,000,000
1971 - $39,200,000,000
1970 - $35,520,000,000
1969 - $32,480,000,000
1968 - $29,360,000,000
1967 - $26,560,000,000
1966 - $24,320,000,000
1965 - $21,840,000,000
1964 - $20,080,000,000
1963 - $16,960,000,000
1962 - $15,200,000,000
1961 - $14,160,000,000
1960 - $13,040,000,000

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

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

GDP per capita in Bulgaria vs Mexico by year

Bulgaria
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $14,186 $26,185
2023 $15,853 $38,829 $13,861 $25,243
2022 $13,999 $36,320 $11,406 $23,135
2021 $12,966 $30,959 $10,314 $20,783
2020 $10,760 $27,352 $8,841 $19,354
2019 $10,354 $26,766 $10,370 $20,964
2018 $9,849 $23,998 $10,085 $20,921
2017 $8,697 $22,317 $9,649 $20,489
2016 $7,822 $20,746 $9,098 $20,105
2015 $7,269 $18,896 $10,021 $19,071
2014 $8,070 $17,991 $11,391 $18,821
2013 $7,796 $16,894 $11,217 $18,170
2012 $7,432 $16,327 $10,744 $18,005
2011 $7,850 $15,747 $10,664 $17,267
2010 $6,854 $14,954 $9,729 $15,909
2009 $6,988 $14,188 $8,424 $15,191
2008 $7,271 $14,347 $10,524 $15,681
2007 $5,889 $12,822 $10,134 $15,032
2006 $4,523 $11,406 $9,513 $14,540
2005 $3,900 $10,291 $8,672 $13,260
2004 $3,390 $9,200 $7,850 $12,658
2003 $2,719 $8,416 $7,434 $12,066
2002 $2,093 $7,786 $7,983 $11,762
2001 $1,771 $6,960 $7,953 $11,739
2000 $1,621 $6,424 $7,524 $11,705
1999 $1,661 $5,808 $6,500 $11,031
1998 $1,820 $6,178 $5,833 $10,756
1997 $1,361 $5,751 $5,567 $10,182
1996 $1,470 $6,849 $4,674 $9,496
1995 $2,259 $7,743 $4,184 $8,933
1994 $1,150 $7,338 $6,202 $9,466
1993 $1,279 $7,032 $6,048 $9,041
1992 $1,007 $6,917 $4,221 $9,470
1991 $884 $7,215 $3,709 $9,079
1990 $2,367 $7,548 $3,154 $8,578
1989 $2,477 - $2,725 -
1988 $2,511 - $2,279 -
1987 $3,132 - $1,888 -
1986 $2,260 - $1,757 -
1985 $1,915 - $2,602 -
1984 $1,964 - $2,506 -
1983 $1,853 - $2,170 -
1982 $2,169 - $2,621 -
1981 $2,235 - $3,829 -
1980 $2,239 - $3,055 -
1979 - - $2,049 -
1978 - - $1,604 -
1977 - - $1,315 -
1976 - - $1,465 -
1975 - - $1,492 -
1974 - - $1,256 -
1973 - - $993 -
1972 - - $837 -
1971 - - $748 -
1970 - - $699 -
1969 - - $660 -
1968 - - $616 -
1967 - - $576 -
1966 - - $545 -
1965 - - $506 -
1964 - - $481 -
1963 - - $420 -
1962 - - $388 -
1961 - - $374 -
1960 - - $355 -

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

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

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $14,186 in Mexico, ranking 69/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Mexico ranks 80th at $26,185.

Economic indicators

Bulgaria Mexico
Gross domestic product
$113B
2024
$1.86T
2024
GDP rank
67/197
2024
13/197
2024
GDP growth
3.39%
2023-2024
1.43%
2023-2024
GDP per capita
$17,596
2024
$14,186
2024
GDP per capita rank
64/197
2024
69/197
2024
GDP per capita, PPP
$41,969
2024
$26,185
2024
GDP per capita PPP rank
54/197
2024
80/197
2024
Government debt
$27.3B
2024
$1.08T
2024
Debt-to-GDP ratio
24.1%
2024
58.3%
2024
Government debt per person
$4,237
2024
$8,272
2024
Government debt per person rank
90/185
2024
63/185
2024
Average annual personal income after taxes
$14,263
2026
$10,231
2026
Market capitalization of domestic companies
$8.41B
2024
$418B
2024
Number of millionaires n/a
399,000
2025
Number of billionaires
2
2025
22
2025
Income share by richest 10%
31.1%
2023
34.4%
2022
Income share by poorest 10%
2.1%
2023
2.1%
2022
Government expenditure, % of GDP
36.7%
2024
30.3%
2024
Consumer prices inflation
2.6%
2023-2024
4.72%
2023-2024
Central bank interest rate
1.81%
2025
7%
2025
Unemployment rate
4.17%
2024
2.62%
2024
Population
6359449
133323134

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Mexico
Spending

Debt
1x
Year % of GDP
Bulgaria Mexico
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 30.3% 58.3%
2023 37.4% 22.9% 28.5% 52.6%
2022 37.6% 22.5% 28.5% 53.8%
2021 38.4% 23.8% 26.7% 56.7%
2020 37.6% 22.7% 27.8% 58.5%
2019 36% 18.4% 25.3% 51.9%
2018 34.4% 20.1% 25% 52.2%
2017 32% 22.9% 25% 52.5%
2016 32.7% 27% 26.5% 55%
2015 37.3% 25.4% 26.6% 51%
2014 37.1% 26.3% 26.9% 47.1%
2013 35.5% 17.2% 26.7% 44.1%
2012 32.5% 16.5% 27% 40.8%
2011 32% 14.3% 26.6% 41.2%
2010 34.6% 14.1% 26.5% 40.2%
2009 33.8% 14.5% 26.5% 41.7%
2008 33.5% 14.7% 26.5% 40.6%
2007 33.1% 17.6% 22.5% 35.5%
2006 32.5% 22.6% 21.6% 35.8%
2005 34% 28.5% 21.2% 36.8%
2004 34.6% 37.8% 20.5% 38.9%
2003 35.8% 45.4% 21.5% 42.1%
2002 35.1% 53.4% 19.8% 39.9%
2001 36.5% 67.1% 19.5% 37.3%
2000 37.1% 73.3% 19.4% 38.5%
1999 36.2% 78.7% 20.1% 41.7%
1998 30.6% 67.3% 19.5% 39.7%
1997 32.9% 88.4% 20.7% 39.1%
1996 44% 113.8% 20.8% 42.5%
1995 45.4% 72% 18.9% 30.7%
1994 - - 18.9% 26.8%
1993 - - 18.2% 19.2%
1992 - - 19% 21.5%
1991 - - 20.1% 29.2%
1990 - - 22.9% 35.7%
1989 - - 19.2% 36%
1988 - - 23.6% 36.5%
1987 - - 26.7% 52.7%
1986 - - 25.1% 47.8%
1985 - - 21.4% 30.4%
1984 - - 19.8% 25.2%
1983 - - 21.6% 25.3%
1982 - - 24.7% 29.8%
1981 - - 20.1% 41.7%
1980 - - 17.5% 31.4%
1979 - - 16.5% 35.8%
1978 - - 15.7% 39%
1977 - - 15.5% 41.5%
1976 - - 15.5% 31.3%
1975 - - 14.7% 24.4%
1974 - - 13.8% 21.7%
1973 - - 12.7% 20%
1972 - - 11.9% 17.9%
1971 - - 10.6% 17%
1970 - - 10.9% 17.1%
1969 - - 11.8% 10.7%
1968 - - 10.9% 7.85%
1967 - - 10.4% 8.22%
1966 - - 11.6% 5.14%
1965 - - 10.7% 9.99%
1964 - - 9.21% 6.22%
1963 - - 8.51% 4.13%
1962 - - 8.26% 4.2%
1961 - - 8.01% 4.38%
1960 - - 9.5% 4.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-02-20).

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

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Mexico spent $563B, or 30.3% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 58.3% in Mexico, ranking 169/185 and 84/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Mexico
1x
Year Deficit/surplus, % of GDP
Bulgaria Mexico
2024 -3.04% -5.73%
2023 -3.03% -4.29%
2022 -0.8% -4.32%
2021 -2.8% -3.75%
2020 -2.92% -4.29%
2019 -0.96% -2.27%
2018 0.12% -2.14%
2017 0.82% -1.03%
2016 1.54% -2.68%
2015 -2.77% -3.86%
2014 -3.65% -4.37%
2013 -1.75% -3.56%
2012 -0.43% -3.57%
2011 -1.83% -3.2%
2010 -3.77% -3.8%
2009 -0.86% -3.94%
2008 2.73% -0.68%
2007 3.09% -1.46%
2006 3.22% -1.23%
2005 2.19% -1.43%
2004 1.59% -1.35%
2003 0.003% -2.24%
2002 -0.61% -2.18%
2001 -0.58% -2.57%
2000 -0.6% -2.69%
1999 0.15% -4.49%
1998 1.08% -4.49%
1997 0.83% -3.48%
1996 -10.1% -3.66%
1995 -7.98% -2.28%
1994 - -2.25%
1993 - -1.51%
1992 - 2.26%
1991 - 1.49%
1990 - -3.11%
1989 - -4.75%
1988 - -8.76%
1987 - -11.6%
1986 - -11.2%
1985 - -7.2%
1984 - -5.79%
1983 - -6.03%
1982 - -11.4%
1981 - -4.9%
1980 - -1.75%
1979 - -2.15%
1978 - -1.88%
1977 - -2.43%
1976 - -3.14%
1975 - -2.64%
1974 - -3.33%
1973 - -2.75%
1972 - -2.3%
1971 - -1.43%
1970 - -1.71%
1969 - -2.74%
1968 - -2.06%
1967 - -2.12%
1966 - -3.2%
1965 - -2.51%
1964 - -1.44%
1963 - -0.92%
1962 - -0.79%
1961 - -0.88%
1960 - -1.36%
1959 - -0.73%
1958 - 0.24%
1957 - -0.03%
1956 - 0.52%
1955 - 0.6%
1954 - -0.94%
1953 - -0.58%
1952 - 0.42%
1951 - -0.26%
1950 - -0.2%
1949 - 0.44%
1948 - -1.55%
1947 - -0.93%
1946 - 0.66%
1945 - -1.11%
1944 0% -1.12%
1943 0% 0.05%
1942 -0.3% -0.93%
1941 3.96% -0.26%
1940 0.75% -0.4%
1939 0.72% -0.06%
1938 1% -0.91%
1937 1.41% -0.41%
1936 1.17% -0.39%
1935 1.34% 0.26%
1934 -0.12% 0.72%
1933 -0.56% -0.58%
1932 -2.14% 0%
1931 -3.07% 0.71%
1930 -5.48% 0.21%
1929 -6.67% 0.95%
1928 -1.09% 0.24%
1927 -0.02% -0.3%
1926 -0.25% -0.29%
1925 -0.97% 0.46%
1924 1.26% 1.34%
1923 - 1.02%
1922 - 1.13%
1921 - 0.64%
1920 - 0.91%
1919 - 0.41%
1918 - -0.19%
1917 - 0.63%
1916 - -
1915 - -
1914 - -
1913 - 0.28%
1912 - -0.79%
1911 - -0.31%
1910 - 0.1%
1909 - 0.15%
1908 - -0.08%
1907 - 0.43%
1906 - 0.72%
1905 - 0.35%
1904 - 1.09%
1903 - 3.82%
1902 - 0.42%
1901 - 0.62%
1900 - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1997, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/mexico | 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 Mexico's deficit of $106B, or 5.73% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while Mexico ran a deficit in 30 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 3.03% of GDP for Mexico.

Inflation comparison by year

Inflation
Bulgaria

Mexico
1x
Year Consumer prices inflation
Bulgaria Mexico
2024 2.6% 4.72%
2023 8.6% 5.53%
2022 13% 7.9%
2021 2.8% 5.69%
2020 1.2% 3.4%
2019 2.5% 3.64%
2018 2.6% 4.9%
2017 1.2% 6.04%
2016 -1.3% 2.82%
2015 -1.1% 2.72%
2014 -1.6% 4.02%
2013 0.4% 3.81%
2012 2.4% 4.11%
2011 3.4% 3.41%
2010 3% 4.16%
2009 2.5% 5.3%
2008 12% 5.12%
2007 7.6% 3.97%
2006 7.4% 3.63%
2005 6% 3.99%
2004 6.1% 4.69%
2003 2.3% 4.55%
2002 5.8% 5.03%
2001 7.4% 6.37%
2000 10.3% 9.49%
1999 2.6% 16.6%
1998 18.7% 15.9%
1997 1,061% 20.6%

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/mexico | CC BY

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 6.15% in Mexico. In 2024, inflation was 2.6% in Bulgaria and 4.72% in Mexico.

Top exports between countries

Bulgaria
Export category Export value
Machinery & equipment $32.7M
Metals $17M
Chemicals & pharma $16.8M
Textiles & consumer goods $12.7M
Raw agricultural goods $9.94M
Raw materials & minerals $9.82M
Processed food, beverages & tobacco $7.25M
Transport & tourism services $1.41M
Precious metals & jewellery $983K
Business & finance services $710K
Mexico
Export category Export value
Raw materials & minerals $10.5M
Machinery & equipment $4.57M
Chemicals & pharma $559K
Processed food, beverages & tobacco $318K
Metals $19K
Miscellaneous $12K

Balance of trade

Bulgaria Mexico
Current account balance
-$1.74B
2024
-$16.7B
2024
Current account balance ranking
138/190
2024
181/190
2024
Current account balance, % of GDP
-1.54%
2024
-0.9%
2024
Goods imports
$52.8B
2024
$637B
2024
Goods exports
$47.3B
2024
$618B
2024
Service imports
$8.26B
2024
$72B
2024
Service exports
$16.6B
2024
$63B
2024
Imports of goods and services, % of GDP
53.9%
2024
37.9%
2024
Exports of goods and services, % of GDP
56.4%
2024
36.7%
2024

Economic freedom indices

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

Bulgaria Mexico
Economic freedom 68.9 59.8
Economic freedom ranking 44/197 102/197
Property rights 75.8 37.6
Government integrity 48.4 28.8
Judicial effectiveness 58.5 40.4
Tax burden 89.1 75.4
Government spending 58.4 74.6
Fiscal health 90.4 56.7
Business freedom 78.2 67
Labor freedom 62.4 57.3
Monetary freedom 75.8 70.6
Trade freedom 79.4 74.2
Investment freedom 60 75
Financial freedom 50 60

Economic freedom comparison by year

Bulgaria
Mexico
1x
Year Economic freedom index
Bulgaria Mexico
2026 68.9 59.8
2025 68.8 61.3
2024 68.5 62
2023 69.3 63.2
2022 71 63.7
2021 70.4 65.5
2020 70.2 66
2019 69 64.7
2018 68.3 64.8
2017 67.9 63.6
2016 65.9 65.2
2015 66.8 66.4
2014 65.7 66.8
2013 65 67
2012 64.7 65.3
2011 64.9 67.8
2010 62.3 68.3
2009 64.6 65.8
2008 63.7 66.2
2007 62.7 66
2006 64.1 64.7
2005 62.3 65.2
2004 59.2 66
2003 57 65.3
2002 57.1 63
2001 51.9 60.6
2000 47.3 59.3
1999 46.2 58.5
1998 45.7 57.9
1997 47.6 57.1
1996 48.6 61.2
1995 50 63.1

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

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 59.8 for Mexico, ranking 102/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Mexico
Services, % of GDP
63.8%
2024
58.1%
2024
Industry, % of GDP
21.1%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
3.72%
2024
GNI, Atlas method
$99B
2024
$1.68T
2024
GNI per capita, PPP
$39,850
2024
$25,460
2024
Total reserves including gold
$43.7B
2024
$232B
2024
Total reserves ranking
47/177
2024
16/177
2024
Net foreign direct investment
-$2.22B
2024
-$32.3B
2024
Net inflows of foreign direct investment
$3.55B
2024
$45.5B
2024
Net outflows of foreign direct investment
$1.13B
2024
$13B
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
3.71%
2024
Poverty at national poverty lines
21.7%
2023
29.6%
2024
Gross capital formation, % of GDP
20.4%
2024
24.1%
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/mexico | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1997, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  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)

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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.