Bulgaria: Trade openness

* indicates monthly or quarterly data series
 Bulgaria

Trade openness: exports plus imports as percent of GDP

 Latest value 118.60
 Year 2023
 Measure percent
 Data availability 1980 - 2023
 Average 97.71
 Min - Max 55.26 - 138.18
 Source The World Bank
The latest value from 2023 is 118.6 percent, a decline from 138.18 percent in 2022. In comparison, the world average is 94.79 percent, based on data from 138 countries. Historically, the average for Bulgaria from 1980 to 2023 is 97.71 percent. The minimum value, 55.26 percent, was reached in 1995 while the maximum of 138.18 percent was recorded in 2022. 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 data
Bulgaria - Trade openness - Recent values chart

Historical series
Bulgaria - Trade openness - historical chart - 1980-2023




Definition: Exports plus imports as percent of GDP.

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
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