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 2019 was between 7.1 bn and 15.8 bn USD. The hightest level within the past 21 years was reached in 2016. However, the liabilities in 2019 have been only 13.86 bn USD

Based on the number of inhabitants, this is in Bulgaria a debt of 1,987 USD per person. For comparison: The average debt per person in the same year in the European Union was 32,690 USD.

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Gross debt of the last 21 years in billion USD

JahrBulgaria totalBulgaria per capitaEU per capita
199810.14 bn USD1,228 USD12,387 USD
199910.28 bn USD1,252 USD12,342 USD
20009.39 bn USD1,150 USD10,778 USD
20019.20 bn USD1,148 USD10,717 USD
20028.41 bn USD1,073 USD11,593 USD
20039.19 bn USD1,182 USD14,402 USD
20049.36 bn USD1,213 USD16,970 USD
20057.95 bn USD1,038 USD17,846 USD
20067.18 bn USD945 USD18,591 USD
20077.26 bn USD962 USD20,509 USD
20087.13 bn USD952 USD23,520 USD
20097.13 bn USD958 USD25,266 USD
20107.76 bn USD1,050 USD30,683 USD
20118.75 bn USD1,190 USD34,278 USD
20129.00 bn USD1,232 USD33,161 USD
20139.49 bn USD1,307 USD35,247 USD
201415.44 bn USD2,137 USD36,694 USD
201513.17 bn USD1,835 USD31,489 USD
201615.77 bn USD2,212 USD31,202 USD
201714.96 bn USD2,115 USD32,052 USD
201814.75 bn USD2,100 USD33,816 USD
201913.86 bn USD1,987 USD32,690 USD

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 2019 varied between -3.10 bn Euro and +1.32 bn Euro. In 2019 was reached a balance of 1.32 bn Euro.

In ratio to population, this equals a surplus of 189 Euro per capita in Bulgaria. For comparison, the average debt per capita in the European Union was in the same year at 332 Euro.

Budget deficit and surplus in the last 21 years

JahrBulgaria totalBulgaria per capitaEU per capita
1998-1.56 bn USD-189 USD-350 USD
19990.02 bn USD3 USD-180 USD
2000-0.07 bn USD-9 USD98 USD
20010.15 bn USD19 USD-263 USD
2002-0.19 bn USD-24 USD-496 USD
2003-0.08 bn USD-11 USD-738 USD
20040.47 bn USD61 USD-808 USD
20050.30 bn USD39 USD-722 USD
20060.62 bn USD82 USD-499 USD
20070.49 bn USD65 USD-315 USD
20080.87 bn USD116 USD-951 USD
2009-2.11 bn USD-284 USD-2,252 USD
2010-1.58 bn USD-214 USD-2,486 USD
2011-1.14 bn USD-155 USD-1,907 USD
2012-0.17 bn USD-23 USD-1,689 USD
2013-0.27 bn USD-38 USD-1,354 USD
2014-3.10 bn USD-428 USD-1,226 USD
2015-0.88 bn USD-123 USD-871 USD
20160.04 bn USD6 USD-620 USD
20170.66 bn USD93 USD-406 USD
20181.31 bn USD186 USD-288 USD
20191.32 bn USD189 USD-332 USD

(negative numbers = deficit)