Gross debt in Bulgaria

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Bulgaria in the period from 1998 to 2018 was between 4.8 billion and 14.2 billion Euro. The hightest level within the past 20 years was reached in 2016. However, the liabilities in 2018 have been only 12.49 billion Euro

Based on the number of inhabitants, this is in Bulgaria a debt of 1,778 Euro per person. For comparison: The average debt per person in the same year in the European Union was 28,459 Euro.


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Gross debt of the past 20 years in billion Euro




JahrBulgaria totalEuropean Union totalBulgaria per capitaEuropean Union per capita
19989.13 bn €542.28 bn €1,105 €11,144 €
19999.65 bn €564.55 bn €1,175 €11,580 €
200010.17 bn €569.72 bn €1,245 €11,669 €
200110.27 bn €585.17 bn €1,282 €11,966 €
20028.89 bn €601.06 bn €1,134 €12,260 €
20038.13 bn €626.46 bn €1,045 €12,731 €
20047.53 bn €673.97 bn €975 €13,642 €
20056.39 bn €711.45 bn €834 €14,344 €
20065.72 bn €737.12 bn €753 €14,806 €
20075.30 bn €747.91 bn €702 €14,964 €
20084.85 bn €794.75 bn €647 €15,842 €
20095.11 bn €903.82 bn €687 €17,962 €
20105.86 bn €1,014.27 bn €792 €22,971 €
20116.28 bn €1,078.12 bn €855 €24,461 €
20127.00 bn €1,132.19 bn €959 €25,650 €
20137.15 bn €1,167.12 bn €984 €26,377 €
201411.62 bn €1,218.04 bn €1,608 €27,460 €
201511.87 bn €1,254.07 bn €1,654 €28,210 €
201614.24 bn €1,247.85 bn €1,998 €28,011 €
201713.24 bn €1,257.98 bn €1,872 €28,197 €
201812.49 bn €1,271.52 bn €1,778 €28,459 €


Comparison of the gross debt per capita with the European Union in Euro



      Bulgaria       European Union


Budget deficit in Bulgaria

The budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurances, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money, than at at the beginning, it is a surplus - it is less, it is called deficit.

The budget balance in Bulgaria in the period between 1998 and 2018 varied between -2.35 billion Euro and +1.10 billion Euro. In 2018 was reached a balance of 1.10 billion Euro.

In ratio to population, this equals a surplus of 156 Euro per capita in Bulgaria. For comparison, the average debt per capita in the European Union was in the same year at 222 Euro.


Budget deficit and surplus in the last 20 years

JahrBulgaria totalEuropean Union totalBulgaria per capitaEuropean Union per capita
1998-1.41 bn €-153.24 bn €-170 €-315 €
19990.02 bn €-82.11 bn €2 €-168 €
2000-0.08 bn €52.06 bn €-9 €107 €
20010.17 bn €-143.52 bn €21 €-293 €
2002-0.20 bn €-257.29 bn €-26 €-525 €
2003-0.07 bn €-321.17 bn €-9 €-653 €
20040.38 bn €-320.91 bn €49 €-650 €
20050.24 bn €-287.69 bn €32 €-580 €
20060.50 bn €-197.73 bn €65 €-397 €
20070.36 bn €-115.05 bn €47 €-230 €
20080.59 bn €-325.54 bn €79 €-649 €
2009-1.51 bn €-813.10 bn €-203 €-1,616 €
2010-1.19 bn €-821.13 bn €-161 €-1,860 €
2011-0.81 bn €-603.66 bn €-111 €-1,370 €
2012-0.13 bn €-574.22 bn €-18 €-1,301 €
2013-0.15 bn €-450.90 bn €-21 €-1,019 €
2014-2.35 bn €-406.19 bn €-325 €-916 €
2015-0.76 bn €-346.32 bn €-105 €-779 €
20160.07 bn €-248.75 bn €9 €-558 €
20170.60 bn €-154.01 bn €85 €-345 €
20181.10 bn €-99.20 bn €156 €-222 €

(negative numbers = deficit)