Bulgaria Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Bulgaria's foreign reserves was $47.3B in 2025, ranked 44th globally. This represents a 8.2% increase from 2024. Data from World Bank, covering 1991–2025.
Overview
Bulgaria's foreign reserves stood at $47.3B in 2025, a rise of +$3.6B from 2024. Based on recent trends, this figure is projected to reach $47.3B by 2025. Bulgaria ranked 44th globally.
Bulgaria’s foreign reserves have expanded dramatically over the 35‑year span from 1991 to 2025, rising from a low of 670,207,829.90 in the early post‑communist period to an all‑time peak of 47,260,614,323.10 in 2025, placing the country 44th globally. This growth reflects sustained balance‑of‑payments surpluses, prudent fiscal management and the accumulation of euro‑area assets after Bulgaria’s 2020 EU accession. The reserve stock now slightly trails Hungary’s 47,352,830,983.74 and Ukraine’s 46,228,995,405.22, underscoring Bulgaria’s position among the higher‑reserving economies in the region. The steep upward trajectory, largely driven by export‑oriented growth and remittance inflows, contrasts sharply with the 1990s trough when the country faced external debt pressures and limited foreign exchange. If current macro‑stability persists and the government maintains its modest interventionist stance, the reserve buffer is likely to keep rising, although a sharp reversal in capital flows or a regional financial shock could temper the upward trend.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $51.0B | - | - |
| 2026* trend | $49.1B | - | - |
| 2025* trend | $47.3B | - | - |
| 2025 | $47.3B | +$3.6B | #44 |
| 2024 | $43.7B | −$2.6B | #46 |
| 2023 | $46.3B | +$5.3B | #44 |
| 2022 | $41.0B | +$1.8B | #46 |
| 2021 | $39.2B | +$1.3B | #50 |
| 2020 | $37.9B | +$10.0B | #49 |
| 2019 | $27.9B | −$809.3M | #53 |
| 2018 | $28.7B | +$335.2M | #51 |
| 2017 | $28.4B | +$3.2B | #49 |
| 2016 | $25.2B | +$3.0B | #51 |
| 2015 | $22.2B | +$2.0B | #55 |
| 2014 | $20.1B | +$246.3M | #55 |
| 2013 | $19.9B | −$623.7M | #54 |
| 2012 | $20.5B | +$3.3B | #54 |
| 2011 | $17.2B | −$7.5M | #56 |
Detected Pattern
Analysis
Bulgaria matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Bulgaria's foreign reserves was $47.3B in 2025. Ranked 44th globally. This represents a 8.2% increase from the previous year.
Bulgaria's foreign reserves peaked at $47.3B in 2025.
The lowest foreign reserves in Bulgaria was $670.2M in 1991.
Bulgaria ranks 44th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Bulgaria's foreign reserves is projected to reach $47.3B by 2025 based on trend extrapolation.
Bulgaria's foreign reserves was approximately 47.26 billion ($47.3B) in 2025.
The foreign reserves of Bulgaria in 2025 was $47.3B. This ranks 44th in the world.
Cite this page
@misc{historysaid_bulgaria_reserves,
title = {Bulgaria Foreign Reserves},
url = {https://historysaid.com/bulgaria/reserves/},
publisher = {HistorySaid},
year = {2026}
}