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Economy of Bulgaria vs Vatican compared: GDP & Debt

Updated on by Georank

Bulgaria has a GDP of $131B compared to $19.8M for the Vatican, ranking 63/197 and 197/197 by economy size, respectively.

Bulgaria vs Vatican GDP by year

Bulgaria
Vatican
1x
Year GDP, current $
Bulgaria Vatican
2025 $130,777,235,530 -
2024 $113,349,149,167 -
2023 $102,204,457,335 -
2022 $90,510,784,778 -
2021 $84,378,926,047 -
2020 $70,490,478,088 -
2019 $68,511,235,459 -
2018 $66,100,606,677 -
2017 $59,170,671,046 -
2016 $53,932,152,154 -
2015 $50,768,512,173 -
2014 $57,083,817,240 -
2013 $55,822,115,861 -
2012 $54,299,825,600 -
2011 $57,684,243,980 -
2010 $50,691,645,231 -
2009 $52,026,461,290 -
2008 $54,483,464,293 -
2007 $44,433,521,725 -
2006 $34,382,295,487 -
2005 $29,870,182,425 -
2004 $26,159,078,743 -
2003 $21,146,038,619 -
2002 $16,403,880,783 -
2001 $14,184,170,319 -
2000 $13,246,669,554 -
1999 $13,637,793,854 -
1998 $15,031,821,788 -
1997 $11,316,706,412 -
1996 $12,295,588,924 -
1995 $18,992,388,645 -
1994 $9,709,230,161 -
1993 $10,832,041,595 -
1992 $8,602,874,120 -
1991 $7,628,764,750 -
1990 $20,726,605,649 -
1989 $21,746,286,447 -
1988 $23,003,003,708 -
1987 $28,428,718,531 -
1986 $20,261,546,635 -
1985 $17,562,270,447 -
1984 $17,410,894,971 -
1983 $16,959,180,922 -
1982 $19,803,624,625 -
1981 $20,055,685,481 -
1980 $20,039,544,133 -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

Economic indicators

Bulgaria Vatican
Gross domestic product
$131B
2025
$19.8M
2026
GDP rank
63/197
2025
197/197
2026
GDP growth
3.1%
2024-2025
n/a
GDP per capita
$20,328
2025
$19,800
2026
GDP per capita rank
58/197
2025
61/197
2026
GDP per capita, PPP
$41,969
2024
$39,191
2026
GDP per capita PPP rank
54/197
2024
59/197
2026
Government debt
$35.4B
2025
n/a
Debt-to-GDP ratio
27.1%
2025
n/a
Government debt per person
$5,507
2025
n/a
Government debt per person rank
79/185
2025
n/a
Average annual personal income after taxes
$16,126
2026
$18,688
2026
Market capitalization of domestic companies
$11.2B
2025
n/a
Number of billionaires
2
2026
n/a
Income share by richest 10%
31.1%
2023
n/a
Income share by poorest 10%
2.1%
2023
n/a
Government expenditure, % of GDP
38.9%
2025
n/a
Consumer prices inflation
3.5%
2024-2025
n/a
Central bank interest rate
1.81%
2025
n/a
Unemployment rate
3.5%
2025
n/a
Population
6390149
939

Balance of trade

Bulgaria Vatican
Current account balance
-$7.64B
2025
n/a
Current account balance ranking
170/190
2025
n/a
Current account balance, % of GDP
-5.84%
2025
n/a
Goods imports
$58.5B
2025
n/a
Goods exports
$47.9B
2025
n/a
Service imports
$9.42B
2025
n/a
Service exports
$18.6B
2025
n/a
Imports of goods and services, % of GDP
51.8%
2025
n/a
Exports of goods and services, % of GDP
50.7%
2025
n/a

Economic freedom indices

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

Bulgaria Vatican
Economic freedom 68.9 65
Economic freedom ranking 44/197 69/197
Property rights 75.8 n/a
Government integrity 48.4 n/a
Judicial effectiveness 58.5 n/a
Tax burden 89.1 n/a
Government spending 58.4 n/a
Fiscal health 90.4 n/a
Business freedom 78.2 n/a
Labor freedom 62.4 n/a
Monetary freedom 75.8 n/a
Trade freedom 79.4 n/a
Investment freedom 60 n/a
Financial freedom 50 n/a

Other economic metrics

Bulgaria Vatican
Services, % of GDP
63.3%
2025
n/a
Industry, % of GDP
21.2%
2025
n/a
Agriculture, forestry, and fishing, % of GDP
2.47%
2025
n/a
GNI, Atlas method
$114B
2025
n/a
GNI per capita, PPP
$42,170
2025
n/a
Total reserves including gold
$47.1B
2025
n/a
Total reserves ranking
51/177
2025
n/a
Net foreign direct investment
-$3.37B
2025
n/a
Net inflows of foreign direct investment
$3.05B
2024
n/a
Net outflows of foreign direct investment
$1.21B
2024
n/a
Servicing debt to the IMF, % of GNI
6.8%
2024
n/a
Poverty at national poverty lines
21.7%
2023
n/a
Gross capital formation, % of GDP
21.7%
2025
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  5. Central Intelligence Agency (CIA) (2019–2026, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.