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Economy of Bulgaria vs Senegal compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $32.8B for Senegal, ranking 67/197 and 109/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Bulgaria vs Senegal GDP by year

Bulgaria
Senegal
1x
Year GDP, current $
Bulgaria Senegal
2024 $113,343,355,780 $32,808,056,601
2023 $102,199,231,385 $30,696,331,296
2022 $90,506,153,294 $27,783,332,223
2021 $84,374,613,233 $27,520,784,130
2020 $70,486,877,546 $24,530,513,038
2019 $68,507,731,354 $23,403,995,992
2018 $66,097,226,262 $23,116,701,556
2017 $59,167,647,388 $20,996,562,944
2016 $53,929,397,039 $19,040,312,333
2015 $50,765,918,159 $17,774,766,696
2014 $57,080,897,012 $19,797,253,440
2013 $55,819,262,375 $18,918,667,725
2012 $54,297,052,002 $17,660,870,412
2011 $57,681,293,007 $17,814,283,639
2010 $50,689,051,382 $16,121,315,909
2009 $52,023,801,230 $16,145,867,495
2008 $54,480,684,188 $16,853,989,628
2007 $44,431,257,129 $13,994,218,413
2006 $34,380,536,496 $11,697,918,243
2005 $29,868,657,858 $11,009,033,438
2004 $26,157,743,369 $10,076,816,667
2003 $21,144,957,990 $8,768,721,563
2002 $16,403,043,850 $7,006,402,320
2001 $14,183,446,026 $6,507,824,829
2000 $13,245,990,274 $6,013,185,004
1999 $13,637,098,579 $6,592,834,933
1998 $15,031,055,047 $6,505,607,909
1997 $11,316,127,379 $6,041,478,726
1996 $12,294,964,838 $6,559,712,166
1995 $18,991,484,420 $6,326,342,633
1994 $9,709,240,034 $5,034,588,196
1993 $10,832,064,942 $7,367,986,241
1992 $8,602,887,623 $7,769,817,840
1991 $7,628,738,475 $7,255,210,470
1990 $20,632,090,909 $7,390,967,360
1989 $21,988,444,444 $6,366,039,373
1988 $22,555,941,176 $6,418,419,389
1987 $28,101,000,000 $6,487,353,103
1986 $20,249,294,118 $5,392,093,446
1985 $17,155,421,053 $3,818,944,918
1984 $17,594,944,444 $3,485,165,432
1983 $16,563,666,667 $3,569,356,125
1982 $19,342,000,000 $4,013,951,443
1981 $19,870,000,000 $4,095,892,781
1980 $19,839,230,769 $4,510,108,291
1979 - $4,084,877,823
1978 - $3,280,354,921
1977 - $2,938,046,463
1976 - $2,869,777,884
1975 - $2,830,388,405
1974 - $2,099,325,229
1973 - $1,863,398,590
1972 - $1,620,857,104
1971 - $1,339,549,033
1970 - $1,297,407,655
1969 - $1,245,234,931
1968 - $1,309,384,862
1967 - $1,246,480,766
1966 - $1,246,908,186
1965 - $1,210,058,228
1964 - $1,188,930,645
1963 - $1,122,139,862
1962 - $1,085,475,791
1961 - $1,058,975,257
1960 - $1,003,692,370

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

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

GDP per capita in Bulgaria vs Senegal by year

Bulgaria
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $1,773 $5,071
2023 $15,853 $38,829 $1,698 $4,778
2022 $13,999 $36,320 $1,574 $4,530
2021 $12,966 $30,959 $1,598 $4,174
2020 $10,760 $27,352 $1,461 $3,753
2019 $10,354 $26,766 $1,431 $3,648
2018 $9,849 $23,998 $1,453 $3,380
2017 $8,697 $22,317 $1,357 $3,234
2016 $7,822 $20,746 $1,266 $3,101
2015 $7,269 $18,896 $1,218 $2,994
2014 $8,070 $17,991 $1,399 $2,854
2013 $7,796 $16,894 $1,380 $2,769
2012 $7,432 $16,327 $1,327 $2,764
2011 $7,850 $15,747 $1,375 $2,685
2010 $6,854 $14,954 $1,276 $2,663
2009 $6,988 $14,188 $1,309 $2,606
2008 $7,271 $14,347 $1,399 $2,581
2007 $5,889 $12,822 $1,189 $2,499
2006 $4,523 $11,406 $1,017 $2,422
2005 $3,900 $10,291 $980 $2,350
2004 $3,390 $9,200 $918 $2,236
2003 $2,719 $8,416 $818 $2,131
2002 $2,093 $7,786 $669 $2,027
2001 $1,771 $6,960 $637 $2,044
2000 $1,621 $6,424 $603 $1,963
1999 $1,661 $5,808 $678 $1,893
1998 $1,820 $6,178 $685 $1,798
1997 $1,361 $5,751 $651 $1,719
1996 $1,470 $6,849 $723 $1,679
1995 $2,259 $7,743 $715 $1,656
1994 $1,150 $7,338 $584 $1,578
1993 $1,279 $7,032 $878 $1,588
1992 $1,007 $6,917 $951 $1,573
1991 $884 $7,215 $913 $1,561
1990 $2,367 $7,548 $957 $1,513
1989 $2,477 - $849 -
1988 $2,511 - $880 -
1987 $3,132 - $916 -
1986 $2,260 - $784 -
1985 $1,915 - $571 -
1984 $1,964 - $536 -
1983 $1,853 - $564 -
1982 $2,169 - $652 -
1981 $2,235 - $683 -
1980 $2,239 - $772 -
1979 - - $716 -
1978 - - $589 -
1977 - - $540 -
1976 - - $541 -
1975 - - $547 -
1974 - - $417 -
1973 - - $381 -
1972 - - $342 -
1971 - - $291.1 -
1970 - - $290.5 -
1969 - - $287.3 -
1968 - - $311 -
1967 - - $305 -
1966 - - $315 -
1965 - - $314 -
1964 - - $318 -
1963 - - $309 -
1962 - - $307 -
1961 - - $308 -
1960 - - $300 -

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

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

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Senegal ranks 158th at $5,071.

Economic indicators

Bulgaria Senegal
Gross domestic product
$113B
2024
$32.8B
2024
GDP rank
67/197
2024
109/197
2024
GDP growth
3.39%
2023-2024
6.06%
2023-2024
GDP per capita
$17,596
2024
$1,773
2024
GDP per capita rank
64/197
2024
159/197
2024
GDP per capita, PPP
$41,969
2024
$5,071
2024
GDP per capita PPP rank
54/197
2024
158/197
2024
Government debt
$27.3B
2024
$42.1B
2024
Debt-to-GDP ratio
24.1%
2024
128.4%
2024
Government debt per person
$4,237
2024
$2,277
2024
Government debt per person rank
90/185
2024
115/185
2024
Average annual personal income after taxes
$14,263
2026
$2,194
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
28.8%
2021
Income share by poorest 10%
2.1%
2023
3%
2021
Government expenditure, % of GDP
36.7%
2024
33.5%
2024
Consumer prices inflation
2.6%
2023-2024
0.8%
2023-2024
Central bank interest rate
1.81%
2025
n/a
Unemployment rate
4.17%
2024
5.78%
2024
Population
6359449
19491599

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Bulgaria Senegal
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 33.5% 128.4%
2023 37.4% 22.9% 35.5% 118.4%
2022 37.6% 22.5% 36.2% 105%
2021 38.4% 23.8% 33.6% 98.6%
2020 37.6% 22.7% 29.6% 90.2%
2019 36% 18.4% 34.3% 81.5%
2018 34.4% 20.1% 22.6% 61.5%
2017 32% 22.9% 22.5% 61.1%
2016 32.7% 27% 24% 47.5%
2015 37.3% 25.4% 22.9% 44.5%
2014 37.1% 26.3% 23.1% 42.4%
2013 35.5% 17.2% 22.1% 36.9%
2012 32.5% 16.5% 23% 34.5%
2011 32% 14.3% 23.3% 32.9%
2010 34.6% 14.1% 21.7% 34.6%
2009 33.8% 14.5% 21.1% 29.9%
2008 33.5% 14.7% 20.9% 19.1%
2007 33.1% 17.6% 22.2% 19%
2006 32.5% 22.6% 21.3% 17.5%
2005 34% 28.5% 18.7% 36.1%
2004 34.6% 37.8% 18.1% 38%
2003 35.8% 45.4% 17.1% 42.9%
2002 35.1% 53.4% 15.5% 52%
2001 36.5% 67.1% 15.7% 53.2%
2000 37.1% 73.3% 14% 57.5%
1999 36.2% 78.7% 14.6% 15%
1998 30.6% 67.3% 13.5% 18.8%
1997 32.9% 88.4% 14.1% 67.8%
1996 44% 113.8% 15.4% 0.07%
1995 45.4% 72% 14.4% 65.3%
1994 - - 15.9% 77.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1994–1997, retrieved 2026-02-20).

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

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 128.4% in Senegal, ranking 169/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Senegal
1x
Year Deficit/surplus, % of GDP
Bulgaria Senegal
2024 -3.04% -13.4%
2023 -3.03% -14.8%
2022 -0.8% -16.1%
2021 -2.8% -13.7%
2020 -2.92% -9.64%
2019 -0.96% -13.9%
2018 0.12% -3.66%
2017 0.82% -2.97%
2016 1.54% -3.27%
2015 -2.77% -3.66%
2014 -3.65% -3.9%
2013 -1.75% -4.34%
2012 -0.43% -4.18%
2011 -1.83% -4.92%
2010 -3.77% -3.94%
2009 -0.86% -3.66%
2008 2.73% -3.53%
2007 3.09% -2.8%
2006 3.22% -3.67%
2005 2.19% -0.26%
2004 1.59% 0.18%
2003 0.003% -0.52%
2002 -0.61% 0.19%
2001 -0.58% -1.44%
2000 -0.6% 0.78%
1999 0.15% -0.62%
1998 1.08% 0.93%
1997 0.83% 0.98%
1996 -10.1% 0.92%
1995 -7.98% 2.41%
1994 - 5.9%
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 (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/senegal | 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 Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while Senegal ran a deficit in 23 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 4.22% of GDP for Senegal.

Inflation comparison by year

Inflation
Bulgaria

Senegal
1x
Year Consumer prices inflation
Bulgaria Senegal
2024 2.6% 0.8%
2023 8.6% 5.94%
2022 13% 9.7%
2021 2.8% 2.18%
2020 1.2% 2.54%
2019 2.5% 1.76%
2018 2.6% 0.46%
2017 1.2% 1.32%
2016 -1.3% 0.84%
2015 -1.1% 0.14%
2014 -1.6% -1.09%
2013 0.4% 0.71%
2012 2.4% 1.42%
2011 3.4% 3.4%
2010 3% 1.23%
2009 2.5% -2.25%
2008 12% 7.35%
2007 7.6% 5.85%
2006 7.4% 2.11%
2005 6% 1.71%
2004 6.1% 0.51%
2003 2.3% -0.05%
2002 5.8% 2.34%
2001 7.4% 2.97%
2000 10.3% 0.73%
1999 2.6% 0.83%
1998 18.7% 1.16%
1997 1,061% 1.75%

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/senegal | CC BY

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 2.01% in Senegal. In 2024, inflation was 2.6% in Bulgaria and 0.8% in Senegal.

Top exports between countries

Bulgaria
Export category Export value
Raw agricultural goods $3.19M
Raw materials & minerals $886K
Machinery & equipment $312K
Textiles & consumer goods $301K
Chemicals & pharma $139K
Processed food, beverages & tobacco $102K
Metals $100K
Wood & paper products $60K
Miscellaneous $2K
Senegal
Export category Export value
Processed food, beverages & tobacco $1.15M
Animal & marine products $750K
Metals $85K
Raw materials & minerals $27K
Chemicals & pharma $26K
Raw agricultural goods $23K
Machinery & equipment $13K

Balance of trade

Bulgaria Senegal
Current account balance
-$1.74B
2024
-$6.07B
2023
Current account balance ranking
138/190
2024
170/190
2023
Current account balance, % of GDP
-1.54%
2024
-19.8%
2023
Goods imports
$52.8B
2024
$10.8B
2023
Goods exports
$47.3B
2024
$5.52B
2023
Service imports
$8.26B
2024
$4.08B
2023
Service exports
$16.6B
2024
$1.48B
2023
Imports of goods and services, % of GDP
53.9%
2024
43.4%
2024
Exports of goods and services, % of GDP
56.4%
2024
24.7%
2024

Economic freedom indices

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

Bulgaria Senegal
Economic freedom 68.9 53.2
Economic freedom ranking 44/197 140/197
Property rights 75.8 57.4
Government integrity 48.4 47.3
Judicial effectiveness 58.5 50.5
Tax burden 89.1 68.8
Government spending 58.4 63.1
Fiscal health 90.4 0
Business freedom 78.2 55.2
Labor freedom 62.4 54.4
Monetary freedom 75.8 74.3
Trade freedom 79.4 67
Investment freedom 60 60
Financial freedom 50 40

Economic freedom comparison by year

Bulgaria
Senegal
1x
Year Economic freedom index
Bulgaria Senegal
2026 68.9 53.2
2025 68.8 56.4
2024 68.5 55.4
2023 69.3 57.7
2022 71 60
2021 70.4 58
2020 70.2 58
2019 69 56.3
2018 68.3 55.7
2017 67.9 55.9
2016 65.9 58.1
2015 66.8 57.8
2014 65.7 55.4
2013 65 55.5
2012 64.7 55.4
2011 64.9 55.7
2010 62.3 54.6
2009 64.6 56.3
2008 63.7 58.3
2007 62.7 58.1
2006 64.1 56.2
2005 62.3 57.9
2004 59.2 58.9
2003 57 58.1
2002 57.1 58.6
2001 51.9 58.7
2000 47.3 58.9
1999 46.2 60.6
1998 45.7 59.7
1997 47.6 58.1
1996 48.6 58.2
1995 50 -

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

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 53.2 for Senegal, ranking 140/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Senegal
Services, % of GDP
63.8%
2024
48.4%
2024
Industry, % of GDP
21.1%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
16.6%
2024
GNI, Atlas method
$99B
2024
$31.1B
2024
GNI per capita, PPP
$39,850
2024
$4,920
2024
Total reserves including gold
$43.7B
2024
n/a
Total reserves ranking
47/177
2024
n/a
Net foreign direct investment
-$2.22B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$3.55B
2024
$2.02B
2024
Net outflows of foreign direct investment
$1.13B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
10.8%
2024
Poverty at national poverty lines
21.7%
2023
37.5%
2021
Gross capital formation, % of GDP
20.4%
2024
37.5%
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/senegal | 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 (1994–2024, 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.