Bulgaria vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Bulgaria ranked 74th with $65.1B. By GDP 5-years average growth and GDP per capita, Turkey and Bulgaria ranked 36th vs 75th and 78th vs 79th, respectively.

Gross Domestic Product & Income

StatBulgariaTurkey
GDP$65.1B$771.4B
GDP growth, 1 year3.2%2.6%
GDP growth, 5-years average3.3%4.9%
Population7M82M
GDP per capita$9.3k$9.4k
GDP per capita growth3.84%1.31%
Purchasing Power Parity conversion factor0.71.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.420.33
GDP per capita, PPP adjusted$23k$28k
GNI, Atlas method$62.3B$858.1B
GNI per capita$8.9k$10k
GNI, PPP adjusted$156.6B$2.3T
GNI per capita, PPP adjusted$22k$28k

Financial system and Human development

StatBulgariaTurkey
Income Tax Rate10%35%
Corporate Tax Rate10%22%
Inflation, consumer prices2.6%16.3%
Inflation, GDP deflator3.6%16.4%
Unemployment5.3%10.9%
Economic Freedom Index70.264.4
Personal Freedom Index8.326.97
Human Freedom Index7.786.96
Property Rights Index64.257.4
Judical Effectiveness Index45.453.7
Business Freedom Index62.667
Fiscal Health Index99.286.1
Labor Freedom Index68.149.2
Investment Freedom Index7070
Financial Freedom Index6060
Trade Freedom Index86.478
Monetary Freedom Index85.766.1
Government Spending Index66.164.1
Tax Burden Index90.376.7
Government Integrity Index44.244.6
Corruption Perceptions Index4241
Life expectancy at birth, years74.877.2
Suicide mortality rate, per 100,000 people11.57.3
Mortality caused by road traffic injury, per 100,000 people10.212.3
Intentional homicides, per 100,000 people1.54.3
International tourism, number of arrivals9.3M45.8M

Government debt & reserves

StatBulgariaTurkey
Central government debt, % of GDP20.5%29.1%
External debt stocks, % of GNI60.3%59%
External debt stocks$39.9B$445.1B
Short-term debt, % of total reserves33.8%124.1%
Total debt service, % of exports and primary income15.3%36.7%
Adjusted net savings including particulate emission damage, % of GNI14.8%11.4%
Gross savings, % of GDP27.7%27.1%
Gross capital formation, % of GDP21.6%29.6%
Total reserves including gold$28.7B$93B
Foreign direct investment net inflows$1.2B$13.1B

Exports, imports and economic structure

StatBulgariaTurkey
Exports of goods and services, % of GDP66.9%29.5%
Imports of goods and services, % of GDP64.3%30.6%
Current account balance (balance of payments)$3.5B-$27B
Revenue excluding grants, % of GDP32.8%30.7%
Grants excluding technical cooperation, BoP$391.7M$1.3B
Personal remittances received$2.4B$1.1B
Industry including construction value added, % of GDP23.8%29.5%
Agriculture, forestry and fishing value added, % of GDP3.6%5.8%
Charges for the use of intellectual property, payments BoP$209M$726M
Charges for the use of intellectual property, receipts BoP$88.8M$29M
Expense, % of GDP32.3%33.9%
Government Expenditure, % of GDP33.6%34.6%

Compare with countries close by GDP per capita

Bulgaria vs

CountryGDP
per capita
Population
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M