Bulgaria: Remittances, percent of GDP

* indicates monthly or quarterly data series
 Bulgaria

Remittances as percent of GDP

 Latest value 2.25
 Year 2022
 Measure percent
 Data availability 1996 - 2022
 Average 3.28
 Min - Max 0.31 - 8.13
 Source The World Bank
For that indicator, we provide data for Bulgaria from 1996 to 2022. The average value for Bulgaria during that period was 3.28 percent with a minimum of 0.31 percent in 1999 and a maximum of 8.13 percent in 2003. The latest value from 2022 is 2.25 percent. For comparison, the world average in 2022 based on 173 countries is 5.36 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Bulgaria - Remittances, percent of GDP - Recent values chart

Historical chart
Bulgaria - Remittances, percent of GDP - historical chart - 1996-2022




Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.


 Related indicators Latest value Reference Measure
 Terms of trade 102.18 2021 percent
 Trade openness 138.18 2022 percent
 Financial openness 0.464 2021 index points
 Exports, percent of GDP 69.19 2022 percent
 Exports, billion dollars 62.51 2022 billion U.S. dollars
 Growth of exports 11.63 2022 percent
 Imports, percent of GDP 68.99 2022 percent
 Imports, billion dollars 62.33 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 3.56 2022 percent
 Foreign Direct Investment, billion dollars 3.22 2022 billion U.S. dollars
 Portfolio investment inflows, equities 24.37 2022 million dollars (current)
 Current account, percent of GDP -0.30 2023 percent
 Current account, in dollars -0.59 2022 billion U.S. dollars
 Trade balance, percent of GDP 0.21 2022 percent
 Trade balance, in dollars 0.46 2022 billion U.S. dollars
 Reserves 40.99 2022 billion U.S. dollars
 Remittances, percent of GDP 2.25 2022 percent
 Remittances 2,033.32 2022 million U.S. dollars
 Net errors and omissions 4,599.28 2022 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 72.84 9/2023 billion
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