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Economy of Bulgaria vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Bulgaria has a GDP of $113B compared to $115B for Uzbekistan, ranking 67/197 and 66/197 by economy size, respectively.

Bulgaria has $27.3B in government debt (24.1% of GDP), compared to $37.5B (32.7% of GDP) in Uzbekistan.

Bulgaria vs Uzbekistan GDP by year

Bulgaria
Uzbekistan
1x
Year GDP, current $
Bulgaria Uzbekistan
2024 $113,343,355,780 $114,965,293,467
2023 $102,199,231,385 $102,641,879,249
2022 $90,506,153,294 $90,095,926,567
2021 $84,374,613,233 $77,340,060,003
2020 $70,486,877,546 $66,443,265,418
2019 $68,507,731,354 $67,293,639,798
2018 $66,097,226,262 $58,695,899,092
2017 $59,167,647,388 $69,703,222,283
2016 $53,929,397,039 $86,138,288,644
2015 $50,765,918,159 $86,196,264,755
2014 $57,080,897,012 $80,845,385,809
2013 $55,819,262,375 $73,180,037,915
2012 $54,297,052,002 $67,517,349,212
2011 $57,681,293,007 $60,178,909,297
2010 $50,689,051,382 $49,765,676,402
2009 $52,023,801,230 $33,689,223,673
2008 $54,480,684,188 $29,549,438,884
2007 $44,431,257,129 $22,311,393,928
2006 $34,380,536,496 $17,330,833,853
2005 $29,868,657,858 $14,307,509,839
2004 $26,157,743,369 $12,030,023,548
2003 $21,144,957,990 $10,134,453,435
2002 $16,403,043,850 $9,687,788,513
2001 $14,183,446,026 $11,401,421,329
2000 $13,245,990,274 $13,760,513,969
1999 $13,637,098,579 $17,078,465,982
1998 $15,031,055,047 $14,988,971,211
1997 $11,316,127,379 $14,744,603,774
1996 $12,294,964,838 $13,948,892,216
1995 $18,991,484,420 $13,350,461,265
1994 $9,709,240,034 $12,899,074,922
1993 $10,832,064,942 $13,099,920,056
1992 $8,602,887,623 $12,953,801,760
1991 $7,628,738,475 $13,800,167,712
1990 $20,632,090,909 $13,362,340,338
1989 $21,988,444,444 $11,948,815,258
1988 $22,555,941,176 $10,722,799,639
1987 $28,101,000,000 $8,523,160,593
1986 $20,249,294,118 -
1985 $17,155,421,053 -
1984 $17,594,944,444 -
1983 $16,563,666,667 -
1982 $19,342,000,000 -
1981 $19,870,000,000 -
1980 $19,839,230,769 -

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

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

GDP per capita in Bulgaria vs Uzbekistan by year

Bulgaria
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bulgaria Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $17,596 $41,969 $3,162 $11,879
2023 $15,853 $38,829 $2,879 $11,107
2022 $13,999 $36,320 $2,579 $10,293
2021 $12,966 $30,959 $2,259 $9,248
2020 $10,760 $27,352 $1,978 $8,452
2019 $10,354 $26,766 $2,041 $8,544
2018 $9,849 $23,998 $1,813 $8,129
2017 $8,697 $22,317 $2,191 $7,818
2016 $7,822 $20,746 $2,753 $6,919
2015 $7,269 $18,896 $2,803 $6,800
2014 $8,070 $17,991 $2,675 $6,610
2013 $7,796 $16,894 $2,462 $6,413
2012 $7,432 $16,327 $2,307 $6,168
2011 $7,850 $15,747 $2,088 $5,949
2010 $6,854 $14,954 $1,753 $5,505
2009 $6,988 $14,188 $1,206 $5,135
2008 $7,271 $14,347 $1,075 $4,800
2007 $5,889 $12,822 $824 $4,386
2006 $4,523 $11,406 $649 $3,956
2005 $3,900 $10,291 $543 $3,618
2004 $3,390 $9,200 $462 $3,321
2003 $2,719 $8,416 $394 $3,047
2002 $2,093 $7,786 $381 $2,902
2001 $1,771 $6,960 $454 $2,782
2000 $1,621 $6,424 $555 $2,644
1999 $1,661 $5,808 $698 $2,522
1998 $1,820 $6,178 $621 $2,418
1997 $1,361 $5,751 $621 $2,329
1996 $1,470 $6,849 $597 $2,214
1995 $2,259 $7,743 $583 $2,178
1994 $1,150 $7,338 $574 $2,197
1993 $1,279 $7,032 $596 $2,318
1992 $1,007 $6,917 $603 $2,371
1991 $884 $7,215 $658 $2,676
1990 $2,367 $7,548 $653 $2,665
1989 $2,477 - $598 -
1988 $2,511 - $551 -
1987 $3,132 - $450 -
1986 $2,260 - - -
1985 $1,915 - - -
1984 $1,964 - - -
1983 $1,853 - - -
1982 $2,169 - - -
1981 $2,235 - - -
1980 $2,239 - - -

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

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

Bulgaria's GDP per capita is $17,596, ranking 64/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Bulgaria ranks 54th at $41,969, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Bulgaria Uzbekistan
Gross domestic product
$113B
2024
$115B
2024
GDP rank
67/197
2024
66/197
2024
GDP growth
3.39%
2023-2024
6.5%
2023-2024
GDP per capita
$17,596
2024
$3,162
2024
GDP per capita rank
64/197
2024
139/197
2024
GDP per capita, PPP
$41,969
2024
$11,879
2024
GDP per capita PPP rank
54/197
2024
125/197
2024
Government debt
$27.3B
2024
$37.5B
2024
Debt-to-GDP ratio
24.1%
2024
32.7%
2024
Government debt per person
$4,237
2024
$1,032
2024
Government debt per person rank
90/185
2024
141/185
2024
Average annual personal income after taxes
$14,263
2026
$3,658
2026
Market capitalization of domestic companies
$8.41B
2024
$18.8B
2024
Number of billionaires
2
2025
n/a
Income share by richest 10%
31.1%
2023
25.7%
2024
Income share by poorest 10%
2.1%
2023
2.3%
2024
Government expenditure, % of GDP
36.7%
2024
27.6%
2024
Consumer prices inflation
2.6%
2023-2024
9.6%
2023-2024
Central bank interest rate
1.81%
2025
14%
2025
Unemployment rate
4.17%
2024
5.29%
2020
Population
6359449
37939105

Spending and national debt comparison by year

Bulgaria
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Bulgaria Uzbekistan
Government spending Government debt Government spending Government debt
2024 36.7% 24.1% 27.6% 32.7%
2023 37.4% 22.9% 29.9% 32.2%
2022 37.6% 22.5% 31.3% 30.5%
2021 38.4% 23.8% 27.4% 31.7%
2020 37.6% 22.7% 26% 33.7%
2019 36% 18.4% 24.4% 25.4%
2018 34.4% 20.1% 22.2% 17.5%
2017 32% 22.9% 19.9% 17.3%
2016 32.7% 27% 23.3% 8.19%
2015 37.3% 25.4% 24.6% 6.72%
2014 37.1% 26.3% 24.9% 6.09%
2013 35.5% 17.2% 25.2% 6.23%
2012 32.5% 16.5% 23.9% 6.76%
2011 32% 14.3% 23.7% 6.33%
2010 34.6% 14.1% 26.4% 6.61%
2009 33.8% 14.5% 27.5% 7.3%
2008 33.5% 14.7% 26.5% 8.33%
2007 33.1% 17.6% 24.8% 9.56%
2006 32.5% 22.6% 24.7% 13.5%
2005 34% 28.5% 28.1% 21%
2004 34.6% 37.8% 29.4% 26.9%
2003 35.8% 45.4% 31.5% 31.4%
2002 35.1% 53.4% 34.6% 41.6%
2001 36.5% 67.1% 30.6% 44.8%
2000 37.1% 73.3% 32.9% 29.5%
1999 36.2% 78.7% 33.6% 18.4%
1998 30.6% 67.3% 35.1% 18%
1997 32.9% 88.4% 31.8% 15.3%
1996 44% 113.8% 35.1% -
1995 45.4% 72% 29.4% -
1994 - - 27.1% -
1993 - - 39.6% -
1992 - - 18% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1997, retrieved 2026-02-20).

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

In 2024, Bulgaria's government spending was $41.5B, accounting for 36.7% of its GDP, while Uzbekistan spent $31.7B, or 27.6% of GDP.

Debt-to-GDP ratio is 24.1% in Bulgaria and 32.7% in Uzbekistan, ranking 169/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Bulgaria

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Bulgaria Uzbekistan
2024 -3.04% -2.37%
2023 -3.03% -4.03%
2022 -0.8% -3.65%
2021 -2.8% -4.1%
2020 -2.92% -2.95%
2019 -0.96% -0.3%
2018 0.12% 1.64%
2017 0.82% 1.04%
2016 1.54% 0.7%
2015 -2.77% -0.28%
2014 -3.65% 1.9%
2013 -1.75% 2.15%
2012 -0.43% 5.89%
2011 -1.83% 5.11%
2010 -3.77% 2.56%
2009 -0.86% 1.82%
2008 2.73% 5.97%
2007 3.09% 3.55%
2006 3.22% 2.72%
2005 2.19% -3.52%
2004 1.59% -3.74%
2003 0.003% -4.87%
2002 -0.61% -6.31%
2001 -0.58% -3.28%
2000 -0.6% -3.66%
1999 0.15% -2.91%
1998 1.08% -3.04%
1997 0.83% -2.05%
1996 -10.1% -1.57%
1995 -7.98% -1.77%
1994 - -4.47%
1993 - -12%
1992 - 7.15%
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-02-20).

GeoRank.org/economy/bulgaria/uzbekistan | 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 Uzbekistan's deficit of $2.72B, or 2.37% of GDP.

Over the past 30 years, Bulgaria recorded a fiscal deficit in 18 of those years, while Uzbekistan ran a deficit in 18 years. On average, Bulgaria posted an annual deficit equal to 1.04% of GDP, compared to deficit of 0.64% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Bulgaria

Uzbekistan
1x
Year Consumer prices inflation
Bulgaria Uzbekistan
2024 2.6% 9.6%
2023 8.6% 10%
2022 13% 11.4%
2021 2.8% 10.8%
2020 1.2% 12.9%
2019 2.5% 14.5%
2018 2.6% 17.5%
2017 1.2% 13.9%
2016 -1.3% 8.8%
2015 -1.1% 8.5%
2014 -1.6% 9.1%
2013 0.4% 11.7%
2012 2.4% 11.9%
2011 3.4% 12.4%
2010 3% 12.3%
2009 2.5% 12.3%
2008 12% 13.1%
2007 7.6% 11.2%
2006 7.4% 13.1%
2005 6% 10.7%
2004 6.1% 7.3%
2003 2.3% 12.5%
2002 5.8% 27.3%
2001 7.4% 27.3%
2000 10.3% 25%
1999 2.6% 29.1%
1998 18.7% 29%
1997 1,061% 70.9%

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

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

Over the past 28 years, Bulgaria has recorded an average annual inflation rate of 42.5%, compared with 16.6% in Uzbekistan. In 2024, inflation was 2.6% in Bulgaria and 9.6% in Uzbekistan.

Top exports between countries

Bulgaria
Export category Export value
Machinery & equipment $33.6M
Chemicals & pharma $19M
Processed food, beverages & tobacco $7.12M
Raw materials & minerals $1.31M
Metals $919K
Raw agricultural goods $831K
Textiles & consumer goods $653K
Wood & paper products $223K
Precious metals & jewellery $21K
Miscellaneous $6K
Uzbekistan
Export category Export value
Metals $18.2M
Raw materials & minerals $15.8M
Machinery & equipment $7.48M
Wood & paper products $3.94M
Textiles & consumer goods $3.83M
Raw agricultural goods $1.15M
Chemicals & pharma $1.07M
Processed food, beverages & tobacco $489K
Manufacturing & construction services $25K
Miscellaneous $22K

Balance of trade

Bulgaria Uzbekistan
Current account balance
-$1.74B
2024
-$5.71B
2024
Current account balance ranking
138/190
2024
169/190
2024
Current account balance, % of GDP
-1.54%
2024
-4.97%
2024
Goods imports
$52.8B
2024
$33.2B
2024
Goods exports
$47.3B
2024
$19.6B
2024
Service imports
$8.26B
2024
$10.5B
2024
Service exports
$16.6B
2024
$6.55B
2024
Imports of goods and services, % of GDP
53.9%
2024
38%
2024
Exports of goods and services, % of GDP
56.4%
2024
22.8%
2024

Economic freedom indices

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

Bulgaria Uzbekistan
Economic freedom 68.9 60.3
Economic freedom ranking 44/197 94/197
Property rights 75.8 43.1
Government integrity 48.4 32
Judicial effectiveness 58.5 13.7
Tax burden 89.1 95
Government spending 58.4 73.7
Fiscal health 90.4 79.9
Business freedom 78.2 62.5
Labor freedom 62.4 48.4
Monetary freedom 75.8 65.1
Trade freedom 79.4 80.6
Investment freedom 60 70
Financial freedom 50 60

Economic freedom comparison by year

Bulgaria
Uzbekistan
1x
Year Economic freedom index
Bulgaria Uzbekistan
2026 68.9 60.3
2025 68.8 58
2024 68.5 55.9
2023 69.3 56.5
2022 71 55.7
2021 70.4 58.3
2020 70.2 57.2
2019 69 53.3
2018 68.3 51.5
2017 67.9 52.3
2016 65.9 46
2015 66.8 47
2014 65.7 46.5
2013 65 46
2012 64.7 45.8
2011 64.9 45.8
2010 62.3 47.5
2009 64.6 50.5
2008 63.7 51.9
2007 62.7 51.5
2006 64.1 48.7
2005 62.3 45.8
2004 59.2 39.1
2003 57 38.3
2002 57.1 38.5
2001 51.9 38.2
2000 47.3 38.1
1999 46.2 33.8
1998 45.7 31.5
1997 47.6 -
1996 48.6 -
1995 50 -

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

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

The Economic Freedom Index for Bulgaria is 68.9, ranking 44/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bulgaria Uzbekistan
Services, % of GDP
63.8%
2024
45.2%
2024
Industry, % of GDP
21.1%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.35%
2024
18.3%
2024
GNI, Atlas method
$99B
2024
$110B
2024
GNI per capita, PPP
$39,850
2024
$12,000
2024
Total reserves including gold
$43.7B
2024
$41.2B
2024
Total reserves ranking
47/177
2024
50/177
2024
Net foreign direct investment
-$2.22B
2024
-$2.81B
2024
Net inflows of foreign direct investment
$3.55B
2024
$2.99B
2024
Net outflows of foreign direct investment
$1.13B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
6.8%
2024
9.88%
2024
Poverty at national poverty lines
21.7%
2023
8.9%
2024
Gross capital formation, % of GDP
20.4%
2024
33.3%
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/uzbekistan | 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 (1992–2024, 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 (2018–2024, 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.