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Economy of Bulgaria vs Myanmar compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $74.1B for Myanmar, ranking 67/197 and 85/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Bulgaria vs Myanmar GDP by year

Bulgaria
Myanmar
1x
Year GDP, current $
Bulgaria Myanmar
2024 $113,343,355,780 $74,068,349,524
2023 $102,199,231,385 $66,757,619,000
2022 $90,506,153,294 $62,253,049,903
2021 $84,374,613,233 $66,345,291,149
2020 $70,486,877,546 $79,006,113,670
2019 $68,507,731,354 $75,065,106,243
2018 $66,097,226,262 $67,860,515,993
2017 $59,167,647,388 $66,053,040,475
2016 $53,929,397,039 $63,298,361,984
2015 $50,765,918,159 $59,607,290,408
2014 $57,080,897,012 $65,531,374,210
2013 $55,819,262,375 $60,269,732,855
2012 $54,297,052,002 $59,937,796,648
2011 $57,681,293,007 $59,977,326,086
2010 $50,689,051,382 $49,540,813,342
2009 $52,023,801,230 $36,906,181,381
2008 $54,480,684,188 $31,862,554,102
2007 $44,431,257,129 $20,182,477,481
2006 $34,380,536,496 $14,502,553,710
2005 $29,868,657,858 $11,986,972,419
2004 $26,157,743,369 $10,567,354,056
2003 $21,144,957,990 $10,467,109,978
2002 $16,403,043,850 $6,777,632,512
2001 $14,183,446,026 $6,477,790,688
2000 $13,245,990,274 $8,905,066,164
1999 $13,637,098,579 $8,486,832,801
1998 $15,031,055,047 $6,459,461,639
1997 $11,316,127,379 $4,722,288,496
1996 $12,294,964,838 $6,123,556,717
1995 $18,991,484,420 $5,289,174,943
1994 $9,709,240,034 $4,432,257,174
1993 $10,832,064,942 $3,163,020,035
1992 $8,602,887,623 $2,411,552,289
1991 $7,628,738,475 $2,069,832,687
1990 $20,632,090,909 $2,115,193,513
1989 $21,988,444,444 $2,013,448,229
1988 $22,555,941,176 $1,541,088,312
1987 $28,101,000,000 $1,562,448,077
1986 $20,249,294,118 $1,582,873,750
1985 $17,155,421,053 $1,478,908,173
1984 $17,594,944,444 $1,304,063,253
1983 $16,563,666,667 $1,381,573,615
1982 $19,342,000,000 $1,481,165,468
1981 $19,870,000,000 $1,111,000,765
1980 $19,839,230,769 $1,038,225,167
1979 - $952,265,043
1978 - $935,408,775
1977 - $873,579,932
1976 - $1,204,699,849
1975 - $1,061,107,354
1974 - $1,225,589,878
1973 - $719,754,655
1972 - $662,213,083
1971 - $587,448,405
1970 - $563,555,631
1969 - $571,854,215
1968 - $559,956,130
1967 - $420,359,036
1966 - $293,103,479
1965 - $367,053,117
1964 - $411,419,906
1963 - $598,998,419
1962 - $634,528,872
1961 - $605,581,577
1960 - $545,098,448

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

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

GDP per capita in Bulgaria vs Myanmar by year

Bulgaria
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $1,359 $5,997
2023 $15,853 $38,829 $1,233 $5,953
2022 $13,999 $36,320 $1,158 $5,732
2021 $12,966 $30,959 $1,243 $5,178
2020 $10,760 $27,352 $1,490 $5,741
2019 $10,354 $26,766 $1,426 $6,101
2018 $9,849 $23,998 $1,298 $5,581
2017 $8,697 $22,317 $1,273 $4,706
2016 $7,822 $20,746 $1,229 $4,460
2015 $7,269 $18,896 $1,167 $4,459
2014 $8,070 $17,991 $1,293 $4,376
2013 $7,796 $16,894 $1,199 $4,144
2012 $7,432 $16,327 $1,203 $3,845
2011 $7,850 $15,747 $1,214 $3,579
2010 $6,854 $14,954 $1,011 $3,348
2009 $6,988 $14,188 $758 $3,040
2008 $7,271 $14,347 $658 $2,748
2007 $5,889 $12,822 $419 $2,459
2006 $4,523 $11,406 $303 $2,153
2005 $3,900 $10,291 $252.7 $1,860
2004 $3,390 $9,200 $224.5 $1,601
2003 $2,719 $8,416 $224.3 $1,385
2002 $2,093 $7,786 $146.6 $1,204
2001 $1,771 $6,960 $141.5 $1,069
2000 $1,621 $6,424 $196.6 $949
1999 $1,661 $5,808 $189.5 $825
1998 $1,820 $6,178 $146 $742
1997 $1,361 $5,751 $108 $702
1996 $1,470 $6,849 $141.9 $661
1995 $2,259 $7,743 $124.1 $618
1994 $1,150 $7,338 $105.4 $573
1993 $1,279 $7,032 $76.2 $529
1992 $1,007 $6,917 $58.9 $494
1991 $884 $7,215 $51.2 $447
1990 $2,367 $7,548 $53.1 $441
1989 $2,477 - $51.3 -
1988 $2,511 - $39.9 -
1987 $3,132 - $41.1 -
1986 $2,260 - $42.4 -
1985 $1,915 - $40.4 -
1984 $1,964 - $36.3 -
1983 $1,853 - $39.3 -
1982 $2,169 - $43 -
1981 $2,235 - $32.8 -
1980 $2,239 - $31.2 -
1979 - - $29.2 -
1978 - - $29.3 -
1977 - - $27.9 -
1976 - - $39.2 -
1975 - - $35.2 -
1974 - - $41.4 -
1973 - - $24.8 -
1972 - - $23.3 -
1971 - - $21.1 -
1970 - - $20.7 -
1969 - - $21.5 -
1968 - - $21.5 -
1967 - - $16.5 -
1966 - - $11.8 -
1965 - - $15.1 -
1964 - - $17.3 -
1963 - - $25.8 -
1962 - - $27.9 -
1961 - - $27.3 -
1960 - - $25.1 -

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

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

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Myanmar ranks 153rd at $5,997.

Economic indicators

Bulgaria Myanmar
Gross domestic product
$113B
2024
$74.1B
2024
GDP rank
67/197
2024
85/197
2024
GDP growth
3.39%
2023-2024
-0.97%
2023-2024
GDP per capita
$17,596
2024
$1,359
2024
GDP per capita rank
64/197
2024
165/197
2024
GDP per capita, PPP
$41,969
2024
$5,997
2024
GDP per capita PPP rank
54/197
2024
153/197
2024
Government debt
$27.3B
2024
$44B
2024
Debt-to-GDP ratio
24.1%
2024
59.3%
2024
Government debt per person
$4,237
2024
$806
2024
Government debt per person rank
90/185
2024
150/185
2024
Average annual personal income after taxes
$14,263
2026
$1,646
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
25.5%
2017
Income share by poorest 10%
2.1%
2023
3.8%
2017
Government expenditure, % of GDP
36.7%
2024
20.7%
2024
Consumer prices inflation
2.6%
2023-2024
8.83%
2018-2019
Central bank interest rate
1.81%
2025
n/a
Unemployment rate
4.17%
2024
1.48%
2020
Population
6359449
55292116

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Bulgaria Myanmar
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 20.7% 59.3%
2023 37.4% 22.9% 21.4% 59.1%
2022 37.6% 22.5% 21.3% 56.1%
2021 38.4% 23.8% 20.9% 63.4%
2020 37.6% 22.7% 21.3% 49.1%
2019 36% 18.4% 20.5% 37.6%
2018 34.4% 20.1% 18.7% 39.9%
2017 32% 22.9% 19.7% 41.9%
2016 32.7% 27% 21.3% 35.7%
2015 37.3% 25.4% 23.7% 36.6%
2014 37.1% 26.3% 24.7% 34.5%
2013 35.5% 17.2% 23.9% 44.8%
2012 32.5% 16.5% 20% 48%
2011 32% 14.3% 15.6% 49.9%
2010 34.6% 14.1% 15.8% 54.4%
2009 33.8% 14.5% 14.4% 56.4%
2008 33.5% 14.7% 14.4% 59.8%
2007 33.1% 17.6% 15.7% 77.4%
2006 32.5% 22.6% 15.6% 103.1%
2005 34% 28.5% 14.6% 119%
2004 34.6% 37.8% 14.6% 126.6%
2003 35.8% 45.4% 14.3% 146%
2002 35.1% 53.4% 15.3% 190.6%
2001 36.5% 67.1% 19.1% 262%
2000 37.1% 73.3% 21.4% 164.5%
1999 36.2% 78.7% 22.8% 150.7%
1998 30.6% 67.3% 25.2% 208.6%
1997 32.9% 88.4% - -
1996 44% 113.8% - -
1995 45.4% 72% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1997, retrieved 2026-02-20).

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

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 59.3% in Myanmar, ranking 169/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Myanmar
1x
Year Deficit/surplus, % of GDP
Bulgaria Myanmar
2024 -3.04% -5.06%
2023 -3.03% -5.18%
2022 -0.8% -2.82%
2021 -2.8% -2.47%
2020 -2.92% -6.5%
2019 -0.96% -4.7%
2018 0.12% -2.77%
2017 0.82% -3.42%
2016 1.54% -2.53%
2015 -2.77% -4.33%
2014 -3.65% -1.06%
2013 -1.75% -1.53%
2012 -0.43% -2.7%
2011 -1.83% -4.82%
2010 -3.77% -5.4%
2009 -0.86% -3.55%
2008 2.73% -2.73%
2007 3.09% -3.52%
2006 3.22% -3.42%
2005 2.19% -3.49%
2004 1.59% -4.62%
2003 0.003% -4.24%
2002 -0.61% -4.01%
2001 -0.58% -6.34%
2000 -0.6% -6.03%
1999 0.15% -4.46%
1998 1.08% -4.89%
1997 0.83% -
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 (1998–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/myanmar | 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 Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Bulgaria recorded a fiscal deficit in 16 of those years, while Myanmar ran a deficit in 27 years. On average, Bulgaria posted an annual deficit equal to 0.51% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Bulgaria

Myanmar
1x
Year Consumer prices inflation
Bulgaria Myanmar
2024 2.6% -
2023 8.6% -
2022 13% -
2021 2.8% -
2020 1.2% -
2019 2.5% 8.83%
2018 2.6% 6.87%
2017 1.2% 4.57%
2016 -1.3% 6.93%
2015 -1.1% 9.45%
2014 -1.6% 4.95%
2013 0.4% 5.64%
2012 2.4% 1.47%
2011 3.4% 5.02%
2010 3% 7.72%
2009 2.5% 1.47%
2008 12% 26.8%
2007 7.6% 35%
2006 7.4% 20%
2005 6% 9.37%
2004 6.1% 4.53%
2003 2.3% 36.6%
2002 5.8% 57.1%
2001 7.4% 21.1%
2000 10.3% -0.11%
1999 2.6% 18.4%
1998 18.7% 51.5%
1997 1,061% 29.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

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

Over the past 23 years, Bulgaria has recorded an average annual inflation rate of 50.5%, compared with 16.2% in Myanmar. In 2019, inflation was 2.6% in Bulgaria and 8.83% in Myanmar.

Top exports between countries

Bulgaria
Export category Export value
Machinery & equipment $1.92M
Wood & paper products $571K
Chemicals & pharma $492K
Textiles & consumer goods $230K
Raw materials & minerals $177K
Processed food, beverages & tobacco $153K
Metals $1K
Miscellaneous $1K
Myanmar
Export category Export value
Raw agricultural goods $14.2M
Textiles & consumer goods $965K
Processed food, beverages & tobacco $175K
Animal & marine products $47K

Balance of trade

Bulgaria Myanmar
Current account balance
-$1.74B
2024
$67.7M
2019
Current account balance ranking
138/190
2024
71/190
2019
Current account balance, % of GDP
-1.54%
2024
+0.09%
2019
Goods imports
$52.8B
2024
$13.7B
2019
Goods exports
$47.3B
2024
$10.8B
2019
Service imports
$8.26B
2024
$3.66B
2019
Service exports
$16.6B
2024
$6.68B
2019
Imports of goods and services, % of GDP
53.9%
2024
n/a
Exports of goods and services, % of GDP
56.4%
2024
24.3%
2025

Economic freedom indices

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

Bulgaria Myanmar
Economic freedom 68.9 44.5
Economic freedom ranking 44/197 180/197
Property rights 75.8 5.7
Government integrity 48.4 18.1
Judicial effectiveness 58.5 3.9
Tax burden 89.1 88.6
Government spending 58.4 86.6
Fiscal health 90.4 62.7
Business freedom 78.2 37.9
Labor freedom 62.4 53.2
Monetary freedom 75.8 57.5
Trade freedom 79.4 69.4
Investment freedom 60 30
Financial freedom 50 20

Economic freedom comparison by year

Bulgaria
Myanmar
1x
Year Economic freedom index
Bulgaria Myanmar
2026 68.9 44.5
2025 68.8 43.7
2024 68.5 42.2
2023 69.3 46.5
2022 71 49.6
2021 70.4 55.2
2020 70.2 54
2019 69 53.6
2018 68.3 53.9
2017 67.9 52.5
2016 65.9 48.7
2015 66.8 46.9
2014 65.7 46.5
2013 65 39.2
2012 64.7 38.7
2011 64.9 37.8
2010 62.3 36.7
2009 64.6 37.7
2008 63.7 39.5
2007 62.7 41
2006 64.1 40
2005 62.3 40.5
2004 59.2 43.6
2003 57 44.9
2002 57.1 45.5
2001 51.9 46.1
2000 47.3 47.9
1999 46.2 46.4
1998 45.7 45.7
1997 47.6 45.4
1996 48.6 45.1
1995 50 -

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

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Myanmar
Services, % of GDP
63.8%
2024
41.4%
2024
Industry, % of GDP
21.1%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
20.8%
2024
GNI, Atlas method
$99B
2024
$65.9B
2024
GNI per capita, PPP
$39,850
2024
$5,890
2024
Total reserves including gold
$43.7B
2024
$9.34B
2023
Total reserves ranking
47/177
2024
81/177
2023
Net foreign direct investment
-$2.22B
2024
-$1.74B
2019
Net inflows of foreign direct investment
$3.55B
2024
$1.1B
2024
Net outflows of foreign direct investment
$1.13B
2024
$0
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
1.31%
2024
Poverty at national poverty lines
21.7%
2023
24.8%
2017
Gross capital formation, % of GDP
20.4%
2024
n/a

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/myanmar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, 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.