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Bulgaria Economy 2015

SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











Bulgaria Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 23, 2014

Economy - overview:
Bulgaria, a former Communist country that entered the EU on 1 January 2007, averaged more than 6% annual growth from 2004 to 2008, driven by significant amounts of bank lending, consumption, and foreign direct investment. Successive governments have demonstrated a commitment to economic reforms and responsible fiscal planning, but the global downturn sharply reduced domestic demand, exports, capital inflows, and industrial production. GDP contracted by 5.5% in 2009, and has been slow to recover in the years since. Despite having a favorable investment regime, including low, flat corporate income taxes, significant challenges remain. Corruption in public administration, a weak judiciary, and the presence of organized crime continue to hamper the country's investment climate and economic prospects.

GDP (purchasing power parity):
$104.6 billion (2013 est.)
country comparison to the world: 74

$104.1 billion (2012 est.)
$103.3 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$53.7 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
0.5% (2013 est.)
country comparison to the world: 186

0.8% (2012 est.)
1.8% (2011 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$14,400 (2013 est.)
country comparison to the world: 93

$14,300 (2012 est.)
$14,100 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
23.5% of GDP (2013 est.)
country comparison to the world: 60

22.5% of GDP (2012 est.)
22% of GDP (2011 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 70.4%
government consumption: 7.9%
investment in fixed capital: 21.3%
investment in inventories: 2.5%
exports of goods and services: 69.7%
imports of goods and services: -71.8%

(2013 est.)

GDP - composition, by sector of origin:
agriculture: 6.7%
industry: 30.3%
services: 63% (2013 est.)

Agriculture - products:
vegetables, fruits, tobacco, wine, wheat, barley, sunflowers, sugar beets; livestock

Industries:
electricity, gas, water; food, beverages, tobacco; machinery and equipment, base metals, chemical products, coke, refined petroleum, nuclear fuel

Industrial production growth rate:
1% (2013 est.)
country comparison to the world: 147
[see also: Industrial production growth rate country ranks ]

Labor force:
2.551 million (2013 est.)
country comparison to the world: 112
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 7.1%
industry: 35.2%
services: 57.7% (2009)

Unemployment rate:
11.6% (2013 est.)
country comparison to the world: 120

11.1% (2012 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
21.8% (2008)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2%
highest 10%: 35.2% (2007)

Distribution of family income - Gini index:
45.3 (2007)
country comparison to the world: 39

26 (2001)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $18.81 billion
expenditures: $20.12 billion (2013 est.)

Taxes and other revenues:
35% of GDP (2013 est.)
country comparison to the world: 67
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.4% of GDP (2013 est.)
country comparison to the world: 98
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
18.4% of GDP (2013 est.)
country comparison to the world: 138

16.3% of GDP (2012 est.)
defined by the EU's Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year in the following categories of government liabilities: currency and deposits, securities other than shares excluding financial derivatives, and loans; general government sector comprises the subsectors: central government, state government, local government, and social security funds
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
1.5% (2013 est.)
country comparison to the world: 41

3% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
$NA (31 December 2012 est.)
country comparison to the world: 141

0.22% (31 December 2011 est.)
note: Bulgarian National Bank (BNB) has had no independent monetary policy since the introduction of the Currency Board regime in 1997; this is BNB's base interest rate
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
9.1% (31 December 2013 est.)
country comparison to the world: 88

9.72% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$17.55 billion (31 December 2013 est.)
country comparison to the world: 65

$15.51 billion (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$45.84 billion (31 December 2013 est.)
country comparison to the world: 72

$41.53 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$37.6 billion (31 December 2013 est.)
country comparison to the world: 66

$37.12 billion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$6.666 billion (31 December 2012 est.)
country comparison to the world: 69

$8.253 billion (31 December 2011)
$7.276 billion (31 December 2010 est.)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$182.3 million (2013 est.)
country comparison to the world: 83

-$669.5 million (2012 est.)
[see also: Current account balance country ranks ]

Exports:
$27.9 billion (2013 est.)
country comparison to the world: 67

$26.7 billion (2012 est.)
[see also: Exports country ranks ]

Exports - commodities:
clothing, footwear, iron and steel, machinery and equipment, fuels

Exports - partners:
Germany 10.4%, Turkey 9.1%, Italy 8.7%, Romania 8.2%, Greece 7.3%, France 4% (2012)

Imports:
$32.88 billion (2013 est.)
country comparison to the world: 65

$31.15 billion (2012 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and equipment; metals and ores; chemicals and plastics; fuels, minerals, and raw materials

Imports - partners:
Russia 20.9%, Germany 11.3%, Italy 6.7%, Romania 6.6%, Greece 6.1%, Turkey 4.6%, Spain 4.5% (2012)

Reserves of foreign exchange and gold:
$20.69 billion (31 December 2013 est.)
country comparison to the world: 59

$20.5 billion (31 December 2012 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$37.85 billion (31 December 2013 est.)
country comparison to the world: 67

$36.52 billion (31 December 2012 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$54.21 billion (31 December 2013 est.)
country comparison to the world: 53

$52.21 billion (31 December 2012 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$1.939 billion (31 December 2013 est.)
country comparison to the world: 72

$1.82 billion (31 December 2012 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
leva (BGN) per US dollar -

1.478 (2013 est.)
1.5221 (2012 est.)
1.4774 (2010 est.)
1.404 (2009)
1.3171 (2008)


NOTE: 1) The information regarding Bulgaria on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bulgaria Economy 2015 information contained here. All suggestions for corrections of any errors about Bulgaria Economy 2015 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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