Bulgaria's GDP changed from approximately $37B 751M in 1980 to $107B 933M in 2024, showing an overall 185.9% sharply increased during the period.
The lowest GDP was recorded in 1991 at $2B 928M, and the highest in 2024 at $107B 933M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 2.4%.
For comparison, the average annual growth rate of Romania was 4.8%, and that of Turkey was 5.7%.
Bulgaria GDP from 1980 to 2024
The total market value of goods and services produced annually in Bulgaria.
Overview of Bulgaria's GDP (1980–2024)
The Gross Domestic Product (GDP) of Bulgaria recorded a 185.9% sharply increased from 1980 to 2024.
The average GDP during this period was $42B 890M, and the median was $42B 467M.
GDP fluctuated within a range of $105B 5M, with a standard deviation of $25B 651M.
The average annual change was $1B 156M.
Highest and Lowest GDP Records
- Lowest GDP: 1991, $2B 928M
- Highest GDP: 2024, $107B 933M
- Most Recent GDP: 2024, $107B 933M
Notable Annual GDP Changes
- 1988: Significant increase in GDP
- 1990: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Bulgaria's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $68B 889M → $70B 311M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $44B 432M → $52B 24M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $13B 246M → $14B 183M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $11B 317M → $15B 31M
- Outcome: sharply increased
Key Economic Indicators of Bulgaria (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 37B 751M | $ 4,286.21 | $ 4,681.81 | $ 41B 236M | 5.7 % | 2.527 % | 25.86 % | 0 % | 8M 808K people |
1981 | $ 40B 718M | $ 4,609.43 | $ 5,380.45 | $ 47B 529M | 5.3 % | 0.3 % | 25.87 % | 0 % | 8M 834K people |
1982 | $ 42B 467M | $ 4,793.65 | $ 5,935.80 | $ 52B 586M | 4.2 % | 0.417 % | 25.47 % | 0 % | 8M 859K people |
1983 | $ 43B 641M | $ 4,913.84 | $ 6,337.39 | $ 56B 284M | 3 % | 0.082 % | 25.46 % | 0 % | 8M 881K people |
1984 | $ 46B 358M | $ 5,210.54 | $ 6,856.07 | $ 60B 998M | 4.6 % | 1.154 % | 27.07 % | 0 % | 8M 897K people |
1985 | $ 39B 692M | $ 4,458.09 | $ 7,195.03 | $ 64B 60M | 1.8 % | -0.343 % | 24.34 % | 0 % | 8M 903K people |
1986 | $ 35B 130M | $ 3,946.89 | $ 7,731.33 | $ 68B 813M | 5.3 % | -2.707 % | 24.51 % | 0 % | 8M 901K people |
1987 | $ 40B 721M | $ 4,581.22 | $ 8,306.41 | $ 73B 833M | 4.7 % | -1.768 % | 23.09 % | 0 % | 8M 889K people |
1988 | $ 66B 546M | $ 7,506.64 | $ 8,829.28 | $ 78B 271M | 2.4 % | -0.604 % | 24.86 % | 0 % | 8M 865K people |
1989 | $ 67B 774M | $ 7,678.82 | $ 9,169.77 | $ 80B 934M | -0.5 % | -1.135 % | 22.60 % | 0 % | 8M 826K people |
1990 | $ 29B 882M | $ 3,407.07 | $ 8,702.10 | $ 76B 322M | -9.1 % | -5.723 % | 21.59 % | 0 % | 8M 771K people |
1991 | $ 2B 928M | $ 336.65 | $ 8,097.07 | $ 70B 417M | -10.755 % | -2.627 % | 12.38 % | 0 % | 8M 697K people |
1992 | $ 11B 882M | $ 1,380.59 | $ 7,663.02 | $ 65B 953M | -8.426 % | -3.029 % | 7.30 % | 0 % | 8M 607K people |
1993 | $ 6B 449M | $ 758.06 | $ 7,013.79 | $ 59B 667M | -11.625 % | -17.038 % | 1.71 % | 0 % | 8M 507K people |
1994 | $ 11B 338M | $ 1,348.67 | $ 6,983.45 | $ 58B 708M | -3.665 % | -0.28 % | 5.39 % | 0 % | 8M 407K people |
1995 | $ 18B 992M | $ 2,284.82 | $ 7,095.64 | $ 58B 979M | -1.601 % | -1.084 % | 10.40 % | 0 % | 8M 311K people |
1996 | $ 12B 295M | $ 1,494.79 | $ 7,681.71 | $ 63B 185M | 5.205 % | 3.591 % | 8.27 % | 0 % | 8M 225K people |
1997 | $ 11B 317M | $ 1,386.47 | $ 6,763.06 | $ 55B 202M | -14.115 % | 13.536 % | 19.80 % | 0 % | 8M 162K people |
1998 | $ 15B 31M | $ 1,854.47 | $ 7,148.14 | $ 57B 938M | 3.789 % | 1.144 % | 14.09 % | 4.694 % | 8M 105K people |
1999 | $ 13B 628M | $ 1,689.29 | $ 6,672.17 | $ 53B 824M | -8.396 % | -2.918 % | 16.93 % | 3.737 % | 8M 67K people |