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%.
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.
Bulgaria GDP from 1980 to 2024
The total market value of goods and services produced annually in Bulgaria.
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 |