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Economy of Bulgaria vs Namibia compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $13.4B for Namibia, ranking 67/197 and 147/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $9.05B (67.7% of GDP) in Namibia.

Bulgaria vs Namibia GDP by year

Bulgaria
Namibia
1x
Year GDP, current $
Bulgaria Namibia
2024 $113,343,355,780 $13,372,354,512
2023 $102,199,231,385 $12,408,271,449
2022 $90,506,153,294 $12,569,449,123
2021 $84,374,613,233 $12,402,486,184
2020 $70,486,877,546 $10,583,748,542
2019 $68,507,731,354 $12,541,928,303
2018 $66,097,226,262 $13,682,019,076
2017 $59,167,647,388 $12,895,153,371
2016 $53,929,397,039 $10,722,018,732
2015 $50,765,918,159 $11,335,161,084
2014 $57,080,897,012 $12,435,430,970
2013 $55,819,262,375 $12,043,307,277
2012 $54,297,052,002 $13,042,053,592
2011 $57,681,293,007 $12,523,359,441
2010 $50,689,051,382 $11,431,412,421
2009 $52,023,801,230 $8,938,847,189
2008 $54,480,684,188 $8,607,431,497
2007 $44,431,257,129 $8,839,536,476
2006 $34,380,536,496 $8,001,779,551
2005 $29,868,657,858 $7,248,374,838
2004 $26,157,743,369 $6,609,205,995
2003 $21,144,957,990 $4,926,439,384
2002 $16,403,043,850 $3,349,169,826
2001 $14,183,446,026 $3,557,341,215
2000 $13,245,990,274 $3,922,232,165
1999 $13,637,098,579 $3,868,551,730
1998 $15,031,055,047 $3,873,109,866
1997 $11,316,127,379 $4,154,989,950
1996 $12,294,964,838 $3,989,163,197
1995 $18,991,484,420 $3,978,514,206
1994 $9,709,240,034 $3,666,503,530
1993 $10,832,064,942 $3,251,188,833
1992 $8,602,887,623 $3,429,521,699
1991 $7,628,738,475 $2,996,869,281
1990 $20,632,090,909 $2,789,921,854
1989 $21,988,444,444 $2,535,135,798
1988 $22,555,941,176 $2,495,094,746
1987 $28,101,000,000 $2,300,068,217
1986 $20,249,294,118 $1,809,048,527
1985 $17,155,421,053 $1,608,237,350
1984 $17,594,944,444 $1,951,260,038
1983 $16,563,666,667 $2,297,400,688
1982 $19,342,000,000 $2,118,710,248
1981 $19,870,000,000 $2,249,908,578
1980 $19,839,230,769 $2,421,990,338

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

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

GDP per capita in Bulgaria vs Namibia by year

Bulgaria
GDP per capita

GDP per capita, PPP
Namibia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Namibia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $4,413 $11,687
2023 $15,853 $38,829 $4,188 $11,251
2022 $13,999 $36,320 $4,350 $10,663
2021 $12,966 $30,959 $4,413 $9,709
2020 $10,760 $27,352 $3,879 $9,354
2019 $10,354 $26,766 $4,732 $9,609
2018 $9,849 $23,998 $5,309 $9,854
2017 $8,697 $22,317 $5,144 $9,888
2016 $7,822 $20,746 $4,396 $10,200
2015 $7,269 $18,896 $4,774 $10,466
2014 $8,070 $17,991 $5,378 $10,365
2013 $7,796 $16,894 $5,347 $9,699
2012 $7,432 $16,327 $5,943 $9,364
2011 $7,850 $15,747 $5,835 $9,002
2010 $6,854 $14,954 $5,418 $8,538
2009 $6,988 $14,188 $4,303 $8,079
2008 $7,271 $14,347 $4,205 $8,125
2007 $5,889 $12,822 $4,379 $7,875
2006 $4,523 $11,406 $4,017 $7,374
2005 $3,900 $10,291 $3,686 $6,767
2004 $3,390 $9,200 $3,403 $6,480
2003 $2,719 $8,416 $2,569 $5,693
2002 $2,093 $7,786 $1,772 $5,433
2001 $1,771 $6,960 $1,916 $5,196
2000 $1,621 $6,424 $2,157 $5,129
1999 $1,661 $5,808 $2,178 $4,961
1998 $1,820 $6,178 $2,235 $4,852
1997 $1,361 $5,751 $2,460 $4,764
1996 $1,470 $6,849 $2,423 $4,612
1995 $2,259 $7,743 $2,483 $4,509
1994 $1,150 $7,338 $2,356 $4,376
1993 $1,279 $7,032 $2,155 $4,345
1992 $1,007 $6,917 $2,347 $4,452
1991 $884 $7,215 $2,117 $4,192
1990 $2,367 $7,548 $2,037 $3,875
1989 $2,477 - $1,967 -
1988 $2,511 - $2,063 -
1987 $3,132 - $1,969 -
1986 $2,260 - $1,599 -
1985 $1,915 - $1,466 -
1984 $1,964 - $1,830 -
1983 $1,853 - $2,214 -
1982 $2,169 - $2,097 -
1981 $2,235 - $2,267 -
1980 $2,239 - $2,468 -

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

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

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $4,413 in Namibia, ranking 126/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Namibia ranks 128th at $11,687.

Economic indicators

Bulgaria Namibia
Gross domestic product
$113B
2024
$13.4B
2024
GDP rank
67/197
2024
147/197
2024
GDP growth
3.39%
2023-2024
3.71%
2023-2024
GDP per capita
$17,596
2024
$4,413
2024
GDP per capita rank
64/197
2024
126/197
2024
GDP per capita, PPP
$41,969
2024
$11,687
2024
GDP per capita PPP rank
54/197
2024
128/197
2024
Government debt
$27.3B
2024
$9.05B
2024
Debt-to-GDP ratio
24.1%
2024
67.7%
2024
Government debt per person
$4,237
2024
$2,988
2024
Government debt per person rank
90/185
2024
100/185
2024
Average annual personal income after taxes
$14,263
2026
$6,197
2026
Market capitalization of domestic companies
$8.41B
2024
$2.48B
2024
Number of billionaires
2
2025
n/a
Income share by richest 10%
31.1%
2023
47.2%
2015
Income share by poorest 10%
2.1%
2023
1%
2015
Government expenditure, % of GDP
36.7%
2024
39.9%
2024
Consumer prices inflation
2.6%
2023-2024
4.2%
2023-2024
Central bank interest rate
1.81%
2025
6.5%
2025
Unemployment rate
4.17%
2024
19.9%
2018
Population
6359449
3173089

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Namibia
Spending

Debt
1x
Year % of GDP
Bulgaria Namibia
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 39.9% 67.7%
2023 37.4% 22.9% 37% 67.2%
2022 37.6% 22.5% 36.6% 69.4%
2021 38.4% 23.8% 39.3% 69.6%
2020 37.6% 22.7% 41.5% 64.3%
2019 36% 18.4% 37.4% 57.6%
2018 34.4% 20.1% 36.3% 48.7%
2017 32% 22.9% 38.1% 43.8%
2016 32.7% 27% 41.8% 45.8%
2015 37.3% 25.4% 43.7% 42.1%
2014 37.1% 26.3% 41.8% 27.6%
2013 35.5% 17.2% 38.3% 26.1%
2012 32.5% 16.5% 35% 24.6%
2011 32% 14.3% 38.5% 27.4%
2010 34.6% 14.1% 33.5% 16.3%
2009 33.8% 14.5% 32% 15.9%
2008 33.5% 14.7% 28.4% 19.1%
2007 33.1% 17.6% 26.1% 19.4%
2006 32.5% 22.6% 27.4% 26.1%
2005 34% 28.5% 27.7% 26.9%
2004 34.6% 37.8% 28.4% 29.2%
2003 35.8% 45.4% 31.1% 27.1%
2002 35.1% 53.4% 29.8% 22.2%
2001 36.5% 67.1% 30.7% 24.4%
2000 37.1% 73.3% 30.1% 20.9%
1999 36.2% 78.7% 31.8% 21.8%
1998 30.6% 67.3% 31.3% 19.6%
1997 32.9% 88.4% 30.9% 17.7%
1996 44% 113.8% 30.4% 18.7%
1995 45.4% 72% 29.6% 18%
1994 - - 28.7% 16.4%
1993 - - 32.4% 17.2%
1992 - - 32.8% 14.1%
1991 - - 33% 11.8%
1990 - - 30.2% 12.9%

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

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

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Namibia spent $5.34B, or 39.9% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 67.7% in Namibia, ranking 169/185 and 61/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Namibia
1x
Year Deficit/surplus, % of GDP
Bulgaria Namibia
2024 -3.04% -3.59%
2023 -3.03% -3.14%
2022 -0.8% -6.33%
2021 -2.8% -8.68%
2020 -2.92% -8.07%
2019 -0.96% -5.49%
2018 0.12% -5.09%
2017 0.82% -4.99%
2016 1.54% -9.3%
2015 -2.77% -8.3%
2014 -3.65% -6.44%
2013 -1.75% -4.69%
2012 -0.43% -3.1%
2011 -1.83% -7.09%
2010 -3.77% -4.98%
2009 -0.86% -0.4%
2008 2.73% 3.48%
2007 3.09% 6.01%
2006 3.22% 3.41%
2005 2.19% -0.31%
2004 1.59% -2.67%
2003 0.003% -4.47%
2002 -0.61% -1.38%
2001 -0.58% -2.01%
2000 -0.6% -0.79%
1999 0.15% -1.88%
1998 1.08% -2.76%
1997 0.83% -2.38%
1996 -10.1% -3.7%
1995 -7.98% -1.74%
1994 - -0.57%
1993 - -2.73%
1992 - -2.55%
1991 - -1.59%
1990 - 1.08%
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/namibia | 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 Namibia's deficit of $480M, or 3.59% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while Namibia ran a deficit in 27 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 3.36% of GDP for Namibia.

Inflation comparison by year

Inflation
Bulgaria

Namibia
1x
Year Consumer prices inflation
Bulgaria Namibia
2024 2.6% 4.2%
2023 8.6% 5.9%
2022 13% 6.1%
2021 2.8% 3.6%
2020 1.2% 2.2%
2019 2.5% 3.7%
2018 2.6% 4.3%
2017 1.2% 6.1%
2016 -1.3% 6.7%
2015 -1.1% 3.4%
2014 -1.6% 5.3%
2013 0.4% 5.6%
2012 2.4% 6.7%
2011 3.4% 5%
2010 3% 4.9%
2009 2.5% 9.5%
2008 12% 9.1%
2007 7.6% 6.5%
2006 7.4% 5%
2005 6% 2.3%
2004 6.1% 4.1%
2003 2.3% 7.2%
2002 5.8% 12.7%
2001 7.4% 10.2%
2000 10.3% 10.2%
1999 2.6% 9.4%
1998 18.7% 6.6%
1997 1,061% 9.7%

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

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

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 6.29% in Namibia. In 2024, inflation was 2.6% in Bulgaria and 4.2% in Namibia.

Top exports between countries

Bulgaria
Export category Export value
Raw materials & minerals $59.7M
Machinery & equipment $126K
Textiles & consumer goods $96K
Chemicals & pharma $9K
Metals $7K
Processed food, beverages & tobacco $4K
Miscellaneous $2K
Namibia
Export category Export value
Raw agricultural goods $26K
Animal & marine products $18K
Precious metals & jewellery $12K
Wood & paper products $5K
Textiles & consumer goods $4K
Machinery & equipment $3K

Balance of trade

Bulgaria Namibia
Current account balance
-$1.74B
2024
-$1.89M
2024
Current account balance ranking
138/190
2024
78/190
2024
Current account balance, % of GDP
-1.54%
2024
-0.01%
2024
Goods imports
$52.8B
2024
$6.77B
2024
Goods exports
$47.3B
2024
$4.67B
2024
Service imports
$8.26B
2024
$2.47B
2024
Service exports
$16.6B
2024
$1.29B
2024
Imports of goods and services, % of GDP
53.9%
2024
68%
2024
Exports of goods and services, % of GDP
56.4%
2024
41.6%
2024

Economic freedom indices

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

Bulgaria Namibia
Economic freedom 68.9 60.2
Economic freedom ranking 44/197 95/197
Property rights 75.8 63.1
Government integrity 48.4 51.5
Judicial effectiveness 58.5 67.2
Tax burden 89.1 66.4
Government spending 58.4 57.1
Fiscal health 90.4 60.5
Business freedom 78.2 58
Labor freedom 62.4 62.7
Monetary freedom 75.8 76.1
Trade freedom 79.4 69.8
Investment freedom 60 50
Financial freedom 50 40

Economic freedom comparison by year

Bulgaria
Namibia
1x
Year Economic freedom index
Bulgaria Namibia
2026 68.9 60.2
2025 68.8 58.7
2024 68.5 57.5
2023 69.3 57.7
2022 71 59.2
2021 70.4 62.6
2020 70.2 60.9
2019 69 58.7
2018 68.3 58.5
2017 67.9 62.5
2016 65.9 61.9
2015 66.8 59.6
2014 65.7 59.4
2013 65 60.3
2012 64.7 61.9
2011 64.9 62.7
2010 62.3 62.2
2009 64.6 62.4
2008 63.7 61.4
2007 62.7 63.5
2006 64.1 60.7
2005 62.3 61.4
2004 59.2 62.4
2003 57 67.3
2002 57.1 65.1
2001 51.9 64.8
2000 47.3 66.7
1999 46.2 66.1
1998 45.7 66.1
1997 47.6 61.6
1996 48.6 -
1995 50 -

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

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 60.2 for Namibia, ranking 95/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Namibia
Services, % of GDP
63.8%
2024
54.5%
2024
Industry, % of GDP
21.1%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
7.29%
2024
GNI, Atlas method
$99B
2024
$12.8B
2024
GNI per capita, PPP
$39,850
2024
$11,300
2024
Total reserves including gold
$43.7B
2024
$3.36B
2024
Total reserves ranking
47/177
2024
115/177
2024
Net foreign direct investment
-$2.22B
2024
-$1.93M
2024
Net inflows of foreign direct investment
$3.55B
2024
$1.97B
2024
Net outflows of foreign direct investment
$1.13B
2024
$44.5M
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
n/a
Poverty at national poverty lines
21.7%
2023
17.4%
2015
Gross capital formation, % of GDP
20.4%
2024
25.6%
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/namibia | 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 (2023–2024, 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.