household debts in Bulgaria

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. 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 2021 was between 7.1 billion and 20.1 billion USD. The highest level of the last years at 20 billion US Dollar was reached in 2021. The budget deficit in the same year was 3.3 billion USD.

Based on the number of inhabitants, this is a debt of 2,926 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearBulgaria totalBulgaria per capitaEU per capita
199810.14 bn USD1,228 USD14,079 USD
199910.28 bn USD1,252 USD14,032 USD
20009.40 bn USD1,150 USD11,232 USD
20019.20 bn USD1,148 USD11,255 USD
20028.41 bn USD1,073 USD12,258 USD
20039.19 bn USD1,182 USD15,286 USD
20049.36 bn USD1,213 USD17,595 USD
20057.95 bn USD1,038 USD18,327 USD
20067.18 bn USD945 USD18,877 USD
20077.26 bn USD962 USD20,898 USD
20087.13 bn USD952 USD24,086 USD
20097.13 bn USD958 USD25,361 USD
20107.76 bn USD1,050 USD26,496 USD
20118.75 bn USD1,191 USD29,231 USD
20129.00 bn USD1,232 USD28,174 USD
20139.49 bn USD1,307 USD29,981 USD
201415.44 bn USD2,137 USD30,648 USD
201513.17 bn USD1,835 USD25,918 USD
201615.70 bn USD2,203 USD26,261 USD
201714.89 bn USD2,105 USD27,024 USD
201814.68 bn USD2,089 USD28,448 USD
201913.79 bn USD1,976 USD27,168 USD
202017.29 bn USD2,493 USD30,783 USD
202120.12 bn USD2,926 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Bulgaria       European Union

Budget deficit in Bulgaria

household debts in BulgariaThe 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 insurance, 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. If it is less, it is called a deficit.

The budget balance in Bulgaria in the period between 1998 and 2021 varied between -3.29 billion euros and +1.46 billion euros. In 2021, Bulgaria reached a balance of -3 billion euros.

In ratio to population, this equals a new indebtedness of 478 euros per capita in Bulgaria in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.

Budget deficit and surplus in the last 23 years

YearBulgaria totalBulgaria per capitaEU per capita
1998-1.56 bn USD-189 USD-398 USD
19990.02 bn USD3 USD-204 USD
2000-0.07 bn USD-9 USD112 USD
20010.15 bn USD19 USD-299 USD
2002-0.19 bn USD-24 USD-565 USD
2003-0.08 bn USD-11 USD-840 USD
20040.47 bn USD61 USD-920 USD
20050.30 bn USD39 USD-822 USD
20060.62 bn USD82 USD-568 USD
20070.49 bn USD65 USD-360 USD
20080.87 bn USD116 USD-1,085 USD
2009-2.32 bn USD-311 USD-2,021 USD
2010-1.86 bn USD-251 USD-1,970 USD
2011-1.01 bn USD-137 USD-1,462 USD
2012-0.44 bn USD-60 USD-1,220 USD
2013-0.41 bn USD-56 USD-1,027 USD
2014-3.08 bn USD-426 USD-852 USD
2015-0.94 bn USD-132 USD-577 USD
20160.17 bn USD24 USD-423 USD
20170.96 bn USD136 USD-263 USD
20181.15 bn USD163 USD-139 USD
20191.46 bn USD209 USD-197 USD
2020-2.79 bn USD-402 USD-2,312 USD
2021-3.29 bn USD-478 USD-1,787 USD

(negative numbers = deficit)
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