Bulgaria: Trade balance, percent of GDP
* indicates monthly or quarterly data series
Bulgaria |
Trade balance as percent of GDP |
---|---|
Latest value | 3.17 |
Year | 2023 |
Measure | percent |
Data availability | 1980 - 2023 |
Average | -1.91 |
Min - Max | -19.73 - 12.69 |
Source | The World Bank |
The latest value from 2023 is 3.17 percent, an increase from 0.21 percent in 2022. In comparison, the world average is -3.03 percent, based on data from 137 countries. Historically, the average for Bulgaria from 1980 to 2023 is -1.91 percent. The minimum value, -19.73 percent, was reached in 2008 while the maximum of 12.69 percent was recorded in 1997.
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The trade balance for Bulgaria and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Terms of trade | 102.18 | 2021 | percent |
Trade openness | 118.60 | 2023 | percent |
Financial openness | 0.464 | 2021 | index points |
Exports, percent of GDP | 60.88 | 2023 | percent |
Exports, billion dollars | 61.85 | 2023 | billion U.S. dollars |
Growth of exports | -1.88 | 2023 | percent |
Imports, percent of GDP | 57.72 | 2023 | percent |
Imports, billion dollars | 58.63 | 2023 | billion U.S. dollars |
Foreign Direct Investment, percent of GDP | 4.34 | 2023 | percent |
Foreign Direct Investment, billion dollars | 3.22 | 2022 | billion U.S. dollars |
Portfolio investment inflows, equities | -47.76 | 2023 | million dollars (current) |
Current account, percent of GDP | -0.30 | 2023 | percent |
Current account, in dollars | -0.25 | 2023 | billion U.S. dollars |
Trade balance, percent of GDP | 3.17 | 2023 | percent |
Trade balance, in dollars | 3.33 | 2023 | billion U.S. dollars |
Reserves | 46.33 | 2023 | billion U.S. dollars |
Remittances, percent of GDP | 2.44 | 2023 | percent |
Remittances | 2,479.84 | 2023 | million U.S. dollars |
Net errors and omissions | -92.56 | 2023 | million USD |
External debt | 54.02 | 2022 | percent |
Short-term external debt | 21.16 | 2022 | percent |
Short-term debt to reserves | 24.37 | 2022 | percent |
Foreign exchange reserves | 77.90 | 10/2024 | billion |