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Economy of Bulgaria vs Mozambique compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $22.7B for Mozambique, ranking 67/197 and 123/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $21.2B (93.2% of GDP) in Mozambique.

Bulgaria vs Mozambique GDP by year

Bulgaria
Mozambique
1x
Year GDP, current $
Bulgaria Mozambique
2024 $113,343,355,780 $22,745,341,305
2023 $102,199,231,385 $20,921,079,533
2022 $90,506,153,294 $18,883,528,581
2021 $84,374,613,233 $16,168,055,475
2020 $70,486,877,546 $14,235,420,174
2019 $68,507,731,354 $15,512,759,047
2018 $66,097,226,262 $15,017,358,953
2017 $59,167,647,388 $13,264,640,646
2016 $53,929,397,039 $12,069,051,237
2015 $50,765,918,159 $16,208,985,770
2014 $57,080,897,012 $17,978,246,586
2013 $55,819,262,375 $17,198,073,057
2012 $54,297,052,002 $16,688,114,144
2011 $57,681,293,007 $14,619,279,989
2010 $50,689,051,382 $11,411,894,724
2009 $52,023,801,230 $12,263,894,790
2008 $54,480,684,188 $12,920,340,965
2007 $44,431,257,129 $10,811,456,006
2006 $34,380,536,496 $9,509,835,537
2005 $29,868,657,858 $8,868,504,900
2004 $26,157,743,369 $7,937,255,565
2003 $21,144,957,990 $6,583,526,861
2002 $16,403,043,850 $5,950,769,427
2001 $14,183,446,026 $5,650,154,067
2000 $13,245,990,274 $5,930,685,215
1999 $13,637,098,579 $6,285,219,691
1998 $15,031,055,047 $5,551,118,149
1997 $11,316,127,379 $4,873,663,775
1996 $12,294,964,838 $4,030,146,135
1995 $18,991,484,420 $3,061,646,174
1994 $9,709,240,034 $2,958,108,170
1993 $10,832,064,942 $2,883,161,897
1992 $8,602,887,623 $2,798,696,511
1991 $7,628,738,475 $3,854,856,435
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/mozambique | CC BY

GDP per capita in Bulgaria vs Mozambique by year

Bulgaria
GDP per capita

GDP per capita, PPP
Mozambique
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Mozambique
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $657 $1,705
2023 $15,853 $38,829 $622 $1,678
2022 $13,999 $36,320 $578 $1,582
2021 $12,966 $30,959 $510 $1,457
2020 $10,760 $27,352 $462 $1,412
2019 $10,354 $26,766 $519 $1,389
2018 $9,849 $23,998 $518 $1,326
2017 $8,697 $22,317 $471 $1,283
2016 $7,822 $20,746 $441 $1,379
2015 $7,269 $18,896 $611 $1,318
2014 $8,070 $17,991 $697 $1,166
2013 $7,796 $16,894 $687 $1,114
2012 $7,432 $16,327 $686 $1,076
2011 $7,850 $15,747 $618 $1,064
2010 $6,854 $14,954 $496 $1,000
2009 $6,988 $14,188 $548 $951
2008 $7,271 $14,347 $592 $916
2007 $5,889 $12,822 $508 $862
2006 $4,523 $11,406 $457 $798
2005 $3,900 $10,291 $437 $721
2004 $3,390 $9,200 $400 $673
2003 $2,719 $8,416 $339 $620
2002 $2,093 $7,786 $314 $580
2001 $1,771 $6,960 $305 $533
2000 $1,621 $6,424 $327 $472
1999 $1,661 $5,808 $354 $468
1998 $1,820 $6,178 $320 $422
1997 $1,361 $5,751 $287.5 $387
1996 $1,470 $6,849 $244.4 $350
1995 $2,259 $7,743 $191.8 $321
1994 $1,150 $7,338 $196.8 $326
1993 $1,279 $7,032 $205.2 $321
1992 $1,007 $6,917 $205.6 $292
1991 $884 $7,215 $288.7 $315
1990 $2,367 $7,548 - $296
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/mozambique | CC BY

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $657 in Mozambique, ranking 189/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Mozambique ranks 192nd at $1,705.

Economic indicators

Bulgaria Mozambique
Gross domestic product
$113B
2024
$22.7B
2024
GDP rank
67/197
2024
123/197
2024
GDP growth
3.39%
2023-2024
2.15%
2023-2024
GDP per capita
$17,596
2024
$657
2024
GDP per capita rank
64/197
2024
189/197
2024
GDP per capita, PPP
$41,969
2024
$1,705
2024
GDP per capita PPP rank
54/197
2024
192/197
2024
Government debt
$27.3B
2024
$21.2B
2024
Debt-to-GDP ratio
24.1%
2024
93.2%
2024
Government debt per person
$4,237
2024
$612
2024
Government debt per person rank
90/185
2024
159/185
2024
Average annual personal income after taxes
$14,263
2026
$1,778
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
40.8%
2022
Income share by poorest 10%
2.1%
2023
1.7%
2022
Government expenditure, % of GDP
36.7%
2024
33.2%
2024
Consumer prices inflation
2.6%
2023-2024
3.2%
2023-2024
Central bank interest rate
1.81%
2025
9.75%
2025
Unemployment rate
4.17%
2024
6.79%
2022
Population
6359449
36941128

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Mozambique
Spending

Debt
1x
Year % of GDP
Bulgaria Mozambique
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 33.2% 93.2%
2023 37.4% 22.9% 33.3% 90.9%
2022 37.6% 22.5% 32.9% 100.3%
2021 38.4% 23.8% 32.1% 104.3%
2020 37.6% 22.7% 33.9% 120%
2019 36% 18.4% 28% 98.3%
2018 34.4% 20.1% 32.9% 105.5%
2017 32% 22.9% 29.5% 103.8%
2016 32.7% 27% 29.1% 124.8%
2015 37.3% 25.4% 32.2% 86%
2014 37.1% 26.3% 39.7% 63.4%
2013 35.5% 17.2% 31.7% 49.5%
2012 32.5% 16.5% 28.1% 36.7%
2011 32% 14.3% 28.9% 34.2%
2010 34.6% 14.1% 26.7% 38.6%
2009 33.8% 14.5% 25.7% 39.3%
2008 33.5% 14.7% 21.3% 32.8%
2007 33.1% 17.6% 20.9% 31.2%
2006 32.5% 22.6% 20.1% 40%
2005 34% 28.5% 17% 60.1%
2004 34.6% 37.8% 17.8% 50.8%
2003 35.8% 45.4% 18.6% 63.2%
2002 35.1% 53.4% 18.6% 63.4%
2001 36.5% 67.1% 20.8% 99.8%
2000 37.1% 73.3% 17.2% 95.8%
1999 36.2% 78.7% 15.6% 94.7%
1998 30.6% 67.3% 14.9% -
1997 32.9% 88.4% 16.5% -
1996 44% 113.8% 14.9% -
1995 45.4% 72% 18.8% -
1994 - - 22.9% -
1993 - - 20.7% -
1992 - - 21.1% -
1991 - - 17.3% -
1990 - - 21% -
1989 - - 27% -
1988 - - 27% -
1987 - - 22.9% -
1986 - - 24.2% -
1985 - - 21% -
1984 - - 30.9% -
1983 - - 35.3% -
1982 - - 27% -
1981 - - 23.8% -
1980 - - 14.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1997, retrieved 2026-02-20).

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

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Mozambique spent $7.56B, or 33.2% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 93.2% in Mozambique, ranking 169/185 and 28/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Mozambique
1x
Year Deficit/surplus, % of GDP
Bulgaria Mozambique
2024 -3.04% -6.17%
2023 -3.03% -4.26%
2022 -0.8% -5.22%
2021 -2.8% -5.23%
2020 -2.92% -6.19%
2019 -0.96% 1.7%
2018 0.12% -7.39%
2017 0.82% -2.9%
2016 1.54% -5.42%
2015 -2.77% -6.55%
2014 -3.65% -9.75%
2013 -1.75% -2.46%
2012 -0.43% -3.45%
2011 -1.83% -4.34%
2010 -3.77% -3.5%
2009 -0.86% -4.35%
2008 2.73% -1.9%
2007 3.09% -2.19%
2006 3.22% -3.03%
2005 2.19% -2.06%
2004 1.59% -3.17%
2003 0.003% -2.64%
2002 -0.61% -3.36%
2001 -0.58% -4.43%
2000 -0.6% -1.26%
1999 0.15% -0.31%
1998 1.08% -1.08%
1997 0.83% -1.81%
1996 -10.1% -2.07%
1995 -7.98% -2.46%
1994 - -4%
1993 - -2.53%
1992 - -1.85%
1991 - -2.01%
1990 - -4.42%
1989 - -4.23%
1988 - -6.47%
1987 - -7.24%
1986 - -12.1%
1985 - -9.69%
1984 - -13.4%
1983 - -15.8%
1982 - -3.61%
1981 - -7.41%
1980 - -1.47%
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/mozambique | 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 Mozambique's deficit of $1.4B, or 6.17% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while Mozambique ran a deficit in 29 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 3.58% of GDP for Mozambique.

Inflation comparison by year

Inflation
Bulgaria

Mozambique
1x
Year Consumer prices inflation
Bulgaria Mozambique
2024 2.6% 3.2%
2023 8.6% 7%
2022 13% 10.4%
2021 2.8% 6.6%
2020 1.2% 0.9%
2019 2.5% 5.7%
2018 2.6% 3.2%
2017 1.2% 15.8%
2016 -1.3% 18.4%
2015 -1.1% 3.6%
2014 -1.6% 2.6%
2013 0.4% 4.3%
2012 2.4% 2.6%
2011 3.4% 11.2%
2010 3% 12.4%
2009 2.5% 3.8%
2008 12% 14.5%
2007 7.6% 10.4%
2006 7.4% 13.2%
2005 6% 6.4%
2004 6.1% 12.6%
2003 2.3% 13.5%
2002 5.8% 16.8%
2001 7.4% 9.1%
2000 10.3% 12.7%
1999 2.6% 2.9%
1998 18.7% 1.5%
1997 1,061% 7.4%

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

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

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 8.31% in Mozambique. In 2024, inflation was 2.6% in Bulgaria and 3.2% in Mozambique.

Top exports between countries

Bulgaria
Export category Export value
Wood & paper products $2.09M
Processed food, beverages & tobacco $774K
Textiles & consumer goods $444K
Metals $143K
Machinery & equipment $63K
Chemicals & pharma $16K
Miscellaneous $2K
Raw materials & minerals $1K
Mozambique
Export category Export value
Metals $12.7M
Raw materials & minerals $2.97M
Processed food, beverages & tobacco $1.1M
Raw agricultural goods $275K
Machinery & equipment $16K
Precious metals & jewellery $3K

Balance of trade

Bulgaria Mozambique
Current account balance
-$1.74B
2024
-$2.49B
2024
Current account balance ranking
138/190
2024
150/190
2024
Current account balance, % of GDP
-1.54%
2024
-11%
2024
Goods imports
$52.8B
2024
$8.38B
2024
Goods exports
$47.3B
2024
$8.21B
2024
Service imports
$8.26B
2024
$2.11B
2024
Service exports
$16.6B
2024
$1.15B
2024
Imports of goods and services, % of GDP
53.9%
2024
52.8%
2024
Exports of goods and services, % of GDP
56.4%
2024
42.8%
2024

Economic freedom indices

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

Bulgaria Mozambique
Economic freedom 68.9 49.6
Economic freedom ranking 44/197 164/197
Property rights 75.8 29.7
Government integrity 48.4 25.1
Judicial effectiveness 58.5 43.4
Tax burden 89.1 75.8
Government spending 58.4 67
Fiscal health 90.4 39.1
Business freedom 78.2 40.2
Labor freedom 62.4 47.7
Monetary freedom 75.8 76.2
Trade freedom 79.4 71.2
Investment freedom 60 40
Financial freedom 50 40

Economic freedom comparison by year

Bulgaria
Mozambique
1x
Year Economic freedom index
Bulgaria Mozambique
2026 68.9 49.6
2025 68.8 50.7
2024 68.5 50.7
2023 69.3 52.5
2022 71 51.3
2021 70.4 51.6
2020 70.2 50.5
2019 69 48.6
2018 68.3 46.3
2017 67.9 49.9
2016 65.9 53.2
2015 66.8 54.8
2014 65.7 55
2013 65 55
2012 64.7 57.1
2011 64.9 56.8
2010 62.3 56
2009 64.6 55.7
2008 63.7 55.4
2007 62.7 54.7
2006 64.1 51.9
2005 62.3 54.6
2004 59.2 57.2
2003 57 58.6
2002 57.1 57.7
2001 51.9 59.2
2000 47.3 52.2
1999 46.2 48.9
1998 45.7 43
1997 47.6 44
1996 48.6 48.4
1995 50 45.5

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

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 49.6 for Mozambique, ranking 164/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Mozambique
Services, % of GDP
63.8%
2024
41.1%
2024
Industry, % of GDP
21.1%
2024
21.9%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
25.2%
2024
GNI, Atlas method
$99B
2024
$19.1B
2024
GNI per capita, PPP
$39,850
2024
$1,520
2024
Total reserves including gold
$43.7B
2024
$3.84B
2024
Total reserves ranking
47/177
2024
108/177
2024
Net foreign direct investment
-$2.22B
2024
-$3.55B
2024
Net inflows of foreign direct investment
$3.55B
2024
$3.51B
2024
Net outflows of foreign direct investment
$1.13B
2024
-$44.1M
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
22.4%
2024
Poverty at national poverty lines
21.7%
2023
65%
2022
Gross capital formation, % of GDP
20.4%
2024
17.7%
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/mozambique | 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 (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. TradeMap (2021–2024, 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.