Skip to content

Economy of Bulgaria vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $25.6B for Trinidad and Tobago, ranking 67/197 and 115/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $16.5B (64.2% of GDP) in Trinidad and Tobago.

Bulgaria vs Trinidad and Tobago GDP by year

Bulgaria
Trinidad and Tobago
1x
Year GDP, current $
Bulgaria Trinidad
2024 $113,343,355,780 $25,633,544,529
2023 $102,199,231,385 $25,036,993,423
2022 $90,506,153,294 $28,341,164,301
2021 $84,374,613,233 $24,222,963,263
2020 $70,486,877,546 $20,888,515,184
2019 $68,507,731,354 $23,477,745,792
2018 $66,097,226,262 $23,883,058,083
2017 $59,167,647,388 $23,830,750,901
2016 $53,929,397,039 $23,624,322,193
2015 $50,765,918,159 $26,841,141,793
2014 $57,080,897,012 $29,474,180,005
2013 $55,819,262,375 $28,560,537,057
2012 $54,297,052,002 $27,147,349,937
2011 $57,681,293,007 $25,433,007,437
2010 $50,689,051,382 $22,157,920,592
2009 $52,023,801,230 $19,172,165,226
2008 $54,480,684,188 $27,871,587,350
2007 $44,431,257,129 $21,641,620,050
2006 $34,380,536,496 $18,369,361,094
2005 $29,868,657,858 $15,982,389,018
2004 $26,157,743,369 $13,280,291,990
2003 $21,144,957,990 $11,305,459,802
2002 $16,403,043,850 $9,008,298,229
2001 $14,183,446,026 $8,824,849,191
2000 $13,245,990,274 $8,154,342,116
1999 $13,637,098,579 $6,808,982,521
1998 $15,031,055,047 $6,043,686,654
1997 $11,316,127,379 $5,737,771,523
1996 $12,294,964,838 $5,759,570,336
1995 $18,991,484,420 $5,329,217,747
1994 $9,709,240,034 $4,947,181,646
1993 $10,832,064,942 $4,669,491,134
1992 $8,602,887,623 $5,439,552,941
1991 $7,628,738,475 $5,307,905,882
1990 $20,632,090,909 $5,068,000,000
1989 $21,988,444,444 $4,323,058,824
1988 $22,555,941,176 $4,496,910,569
1987 $28,101,000,000 $4,797,777,778
1986 $20,249,294,118 $4,794,444,444
1985 $17,155,421,053 $7,375,918,367
1984 $17,594,944,444 $7,757,083,333
1983 $16,563,666,667 $7,763,750,000
1982 $19,342,000,000 $8,140,416,667
1981 $19,870,000,000 $6,992,083,333
1980 $19,839,230,769 $6,235,833,333
1979 - $4,602,416,625
1978 - $3,562,333,458
1977 - $3,138,666,667
1976 - $2,500,424,955
1975 - $2,442,669,825
1974 - $2,042,001,071
1973 - $1,308,785,431
1972 - $1,083,391,758
1971 - $896,765,215
1970 - $821,850,000
1969 - $779,200,000
1968 - $758,899,950
1967 - $761,981,912
1966 - $723,739,857
1965 - $736,573,159
1964 - $711,897,520
1963 - $678,239,329
1962 - $619,322,810
1961 - $584,964,621
1960 - $535,673,252

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

GeoRank.org/economy/bulgaria/trinidad-and-tobago | CC BY

GDP per capita in Bulgaria vs Trinidad and Tobago by year

Bulgaria
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $18,733 $36,329
2023 $15,853 $38,829 $18,308 $34,623
2022 $13,999 $36,320 $20,751 $32,979
2021 $12,966 $30,959 $17,713 $30,482
2020 $10,760 $27,352 $15,284 $26,731
2019 $10,354 $26,766 $17,213 $29,316
2018 $9,849 $23,998 $17,571 $28,673
2017 $8,697 $22,317 $17,566 $28,484
2016 $7,822 $20,746 $17,449 $28,232
2015 $7,269 $18,896 $19,887 $29,825
2014 $8,070 $17,991 $21,908 $32,027
2013 $7,796 $16,894 $21,305 $31,746
2012 $7,432 $16,327 $20,332 $31,883
2011 $7,850 $15,747 $19,151 $31,078
2010 $6,854 $14,954 $16,815 $30,778
2009 $6,988 $14,188 $14,634 $29,602
2008 $7,271 $14,347 $21,299 $30,807
2007 $5,889 $12,822 $16,607 $29,355
2006 $4,523 $11,406 $14,153 $27,393
2005 $3,900 $10,291 $12,346 $23,536
2004 $3,390 $9,200 $9,871 $20,674
2003 $2,719 $8,416 $8,445 $18,743
2002 $2,093 $7,786 $6,763 $16,141
2001 $1,771 $6,960 $6,657 $14,797
2000 $1,621 $6,424 $6,179 $13,953
1999 $1,661 $5,808 $5,179 $12,812
1998 $1,820 $6,178 $4,613 $11,735
1997 $1,361 $5,751 $4,394 $10,769
1996 $1,470 $6,849 $4,427 $9,883
1995 $2,259 $7,743 $4,115 $9,099
1994 $1,150 $7,338 $3,840 $8,631
1993 $1,279 $7,032 $3,647 $8,209
1992 $1,007 $6,917 $4,277 $8,129
1991 $884 $7,215 $4,205 $7,274
1990 $2,367 $7,548 $4,047 $6,878
1989 $2,477 - $3,482 -
1988 $2,511 - $3,656 -
1987 $3,132 - $3,941 -
1986 $2,260 - $3,985 -
1985 $1,915 - $6,212 -
1984 $1,964 - $6,613 -
1983 $1,853 - $6,690 -
1982 $2,169 - $7,091 -
1981 $2,235 - $6,160 -
1980 $2,239 - $5,559 -
1979 - - $4,155 -
1978 - - $3,258 -
1977 - - $2,907 -
1976 - - $2,345 -
1975 - - $2,319 -
1974 - - $1,962 -
1973 - - $1,273 -
1972 - - $1,067 -
1971 - - $894 -
1970 - - $829 -
1969 - - $795 -
1968 - - $783 -
1967 - - $797 -
1966 - - $768 -
1965 - - $793 -
1964 - - $780 -
1963 - - $756 -
1962 - - $704 -
1961 - - $678 -
1960 - - $634 -

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

GeoRank.org/economy/bulgaria/trinidad-and-tobago | CC BY

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $18,733 in Trinidad and Tobago, ranking 61/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Bulgaria Trinidad
Gross domestic product
$113B
2024
$25.6B
2024
GDP rank
67/197
2024
115/197
2024
GDP growth
3.39%
2023-2024
2.51%
2023-2024
GDP per capita
$17,596
2024
$18,733
2024
GDP per capita rank
64/197
2024
61/197
2024
GDP per capita, PPP
$41,969
2024
$36,329
2024
GDP per capita PPP rank
54/197
2024
62/197
2024
Government debt
$27.3B
2024
$16.5B
2024
Debt-to-GDP ratio
24.1%
2024
64.2%
2024
Government debt per person
$4,237
2024
$12,028
2024
Government debt per person rank
90/185
2024
45/185
2024
Average annual personal income after taxes
$14,263
2026
$11,007
2026
Market capitalization of domestic companies
$8.41B
2024
$3.89B
2001
Number of billionaires
2
2025
n/a
Income share by richest 10%
31.1%
2023
29.9%
1992
Income share by poorest 10%
2.1%
2023
2.1%
1992
Government expenditure, % of GDP
36.7%
2024
32.3%
2024
Consumer prices inflation
2.6%
2023-2024
0.53%
2023-2024
Central bank interest rate
1.81%
2025
3.5%
2020
Unemployment rate
4.17%
2024
4.01%
2024
Population
6359449
1374840

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Bulgaria Trinidad
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 32.3% 64.2%
2023 37.4% 22.9% 33.5% 62.2%
2022 37.6% 22.5% 27.2% 51.3%
2021 38.4% 23.8% 30.3% 58.4%
2020 37.6% 22.7% 36.2% 62.5%
2019 36% 18.4% 31.2% 46.2%
2018 34.4% 20.1% 30.2% 41.5%
2017 32% 22.9% 30.7% 39.8%
2016 32.7% 27% 31.9% 35.4%
2015 37.3% 25.4% 35% 27.1%
2014 37.1% 26.3% 32.8% 23.5%
2013 35.5% 17.2% 31.3% 21.6%
2012 32.5% 16.5% 29.5% 21.8%
2011 32% 14.3% 29.4% 26.4%
2010 34.6% 14.1% 30.4% 16.8%
2009 33.8% 14.5% 37% 20.7%
2008 33.5% 14.7% 26.7% 13.5%
2007 33.1% 17.6% 25.7% 16.2%
2006 32.5% 22.6% 31.6% 16.9%
2005 34% 28.5% 26.7% 19.8%
2004 34.6% 37.8% 22.5% 24.2%
2003 35.8% 45.4% 22.2% 30.2%
2002 35.1% 53.4% 24.4% 37%
2001 36.5% 67.1% 24.8% 36.6%
2000 37.1% 73.3% 23.1% 38.9%
1999 36.2% 78.7% 24.1% 42.2%
1998 30.6% 67.3% 26.9% 42.8%
1997 32.9% 88.4% 27.2% 46.1%
1996 44% 113.8% 27.6% 47%
1995 45.4% 72% 26.2% 50.1%
1994 - - 25.4% 52.6%
1993 - - 26.9% 58.8%
1992 - - 28.6% 49.2%
1991 - - 29.6% 49.5%
1990 - - 26.9% 47.7%
1989 - - 30.9% 51.9%
1988 - - 45.3% 65.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/trinidad-and-tobago | CC BY

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Trinidad and Tobago spent $8.28B, or 32.3% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 64.2% in Trinidad and Tobago, ranking 169/185 and 70/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Bulgaria Trinidad
2024 -3.04% -5.24%
2023 -3.03% -1.24%
2022 -0.8% 0.92%
2021 -2.8% -8.1%
2020 -2.92% -12.2%
2019 -0.96% -3.74%
2018 0.12% -5.89%
2017 0.82% -10.4%
2016 1.54% -10.1%
2015 -2.77% -7.56%
2014 -3.65% -4.31%
2013 -1.75% -2.67%
2012 -0.43% -1.26%
2011 -1.83% -0.67%
2010 -3.77% 0.13%
2009 -0.86% -5.42%
2008 2.73% 5.39%
2007 3.09% 3.12%
2006 3.22% 1.56%
2005 2.19% 2.36%
2004 1.59% 1.84%
2003 0.003% 1.8%
2002 -0.61% -0.2%
2001 -0.58% 0.61%
2000 -0.6% 0.17%
1999 0.15% -0.88%
1998 1.08% -1.8%
1997 0.83% 0.11%
1996 -10.1% -0.45%
1995 -7.98% 0.17%
1994 - -0.02%
1993 - 0.23%
1992 - -2.74%
1991 - -0.21%
1990 - -1.27%
1989 - -4.46%
1988 - -9.34%
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/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.34B, or 5.24% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while Trinidad and Tobago ran a deficit in 18 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 2.13% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Bulgaria

Trinidad and Tobago
1x
Year Consumer prices inflation
Bulgaria Trinidad
2024 2.6% 0.53%
2023 8.6% 4.63%
2022 13% 5.83%
2021 2.8% 2.06%
2020 1.2% 0.6%
2019 2.5% 1%
2018 2.6% 1.02%
2017 1.2% 1.88%
2016 -1.3% 3.07%
2015 -1.1% 4.66%
2014 -1.6% 5.68%
2013 0.4% 5.2%
2012 2.4% 9.26%
2011 3.4% 5.11%
2010 3% 10.5%
2009 2.5% 6.98%
2008 12% 12%
2007 7.6% 7.89%
2006 7.4% 8.33%
2005 6% 6.87%
2004 6.1% 3.72%
2003 2.3% 3.81%
2002 5.8% 4.15%
2001 7.4% 5.54%
2000 10.3% 3.56%
1999 2.6% 3.44%
1998 18.7% 5.61%
1997 1,061% 3.63%

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/trinidad-and-tobago | CC BY

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 4.88% in Trinidad and Tobago. In 2024, inflation was 2.6% in Bulgaria and 0.53% in Trinidad and Tobago.

Top exports between countries

Bulgaria
Export category Export value
Metals $239K
Processed food, beverages & tobacco $239K
Raw agricultural goods $159K
Textiles & consumer goods $92K
Machinery & equipment $56K
Chemicals & pharma $47K
Wood & paper products $2K
Trinidad
Export category Export value
Raw materials & minerals $48M

Balance of trade

Bulgaria Trinidad
Current account balance
-$1.74B
2024
$645M
2024
Current account balance ranking
138/190
2024
58/190
2024
Current account balance, % of GDP
-1.54%
2024
+2.52%
2024
Goods imports
$52.8B
2024
$7.54B
2024
Goods exports
$47.3B
2024
$10B
2024
Service imports
$8.26B
2024
$2.71B
2024
Service exports
$16.6B
2024
$1.26B
2024
Imports of goods and services, % of GDP
53.9%
2024
n/a
Exports of goods and services, % of GDP
56.4%
2024
45%
2025

Economic freedom indices

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

Bulgaria Trinidad
Economic freedom 68.9 62.4
Economic freedom ranking 44/197 87/197
Property rights 75.8 47.3
Government integrity 48.4 45.5
Judicial effectiveness 58.5 58.8
Tax burden 89.1 76.1
Government spending 58.4 71.1
Fiscal health 90.4 86.3
Business freedom 78.2 67.1
Labor freedom 62.4 57.2
Monetary freedom 75.8 81
Trade freedom 79.4 68.8
Investment freedom 60 50
Financial freedom 50 40

Economic freedom comparison by year

Bulgaria
Trinidad and Tobago
1x
Year Economic freedom index
Bulgaria Trinidad
2026 68.9 62.4
2025 68.8 63.6
2024 68.5 60.4
2023 69.3 59.5
2022 71 58.8
2021 70.4 59
2020 70.2 58.3
2019 69 57
2018 68.3 57.7
2017 67.9 61.2
2016 65.9 62.9
2015 66.8 64.1
2014 65.7 62.7
2013 65 62.3
2012 64.7 64.4
2011 64.9 66.5
2010 62.3 65.7
2009 64.6 68
2008 63.7 69.5
2007 62.7 70.6
2006 64.1 70.4
2005 62.3 71.5
2004 59.2 71.3
2003 57 68.8
2002 57.1 70.1
2001 51.9 71.8
2000 47.3 74.5
1999 46.2 72.4
1998 45.7 72
1997 47.6 71.3
1996 48.6 69.2
1995 50 -

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

GeoRank.org/economy/bulgaria/trinidad-and-tobago | CC BY

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Trinidad
Services, % of GDP
63.8%
2024
59.2%
2024
Industry, % of GDP
21.1%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
0.78%
2024
GNI, Atlas method
$99B
2024
$27B
2024
GNI per capita, PPP
$39,850
2024
$36,580
2024
Total reserves including gold
$43.7B
2024
$5.6B
2024
Total reserves ranking
47/177
2024
94/177
2024
Net foreign direct investment
-$2.22B
2024
$980M
2024
Net inflows of foreign direct investment
$3.55B
2024
-$453M
2024
Net outflows of foreign direct investment
$1.13B
2024
$527M
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
n/a
Poverty at national poverty lines
21.7%
2023
20%
2020
Gross capital formation, % of GDP
20.4%
2024
19%
2023

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/trinidad-and-tobago | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, 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 (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.