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Bulgaria:
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Other pages in this profile of Bulgaria:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
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Economy - overview |
Definition Bulgaria, a former communist country that entered the EU on 1 January 2007, has experienced strong growth since a major economic downturn in 1996. Successive governments have demonstrated commitment to economic reforms and responsible fiscal planning, but have failed so far to rein in rising inflation and large current account deficits. Bulgaria has averaged more than 6% growth since 2004, attracting significant amounts of foreign direct investment, but corruption in the public administration, a weak judiciary, and the presence of organized crime remain significant challenges. |
GDP (purchasing power parity) |
Definition - World rank and map $86.32 billion (2007 est.) |
GDP (official exchange rate) |
Definition $39.61 billion (2007 est.) |
GDP - real growth rate |
Definition - World rank and map 6.2% (2007 est.) |
GDP - per capita |
Definition - World rank and map $11,300 (2007 est.) |
GDP - composition by sector |
Definition agriculture: 6.3% industry: 32.3% services: 61.4% (2007 est.) |
Labor force |
Definition 2.59 million (2007 est.) |
Labor force - by occupation |
Definition agriculture: 8.5% industry: 33.6% services: 57.9% (2nd qtr. 2006 est.) |
Unemployment rate |
Definition - World rank and map 7.7% (2007 est.) |
Population below poverty line |
Definition 14.1% (2003 est.) |
Household income or consumption by percentage share |
Definition lowest 10%: 2.9% highest 10%: 25.4% (2005) |
Distribution of family income - Gini index |
Definition - World rank and map 31.6 (2005) |
Inflation rate (consumer prices) |
Definition - World rank and map 7.6% (2007 est.) |
Investment (gross fixed) |
Definition - World rank and map 29.8% of GDP (2007 est.) |
Budget |
Definition revenues: $16.84 billion expenditures: $15.35 billion (2007 est.) |
Public debt |
Definition - World rank and map 12.7% of GDP (2007 est.) |
Agriculture - products |
Definition vegetables, fruits, tobacco, wine, wheat, barley, sunflowers, sugar beets; livestock |
Industries |
Definition electricity, gas, water; food, beverages, tobacco; machinery and equipment, base metals, chemical products, coke, refined petroleum, nuclear fuel |
Industrial production growth rate |
Definition - World rank and map 14% (2007 est.) |
Electricity - production |
Definition - World rank and map 45.7 billion kWh (2006) |
Electricity - consumption |
Definition - World rank and map 37.4 billion kWh (2006) |
Electricity - consumption per capita |
Definition - World rank and map 5,149.7 kWh (2006) |
Electricity - exports |
Definition 7.8 billion kWh (2006) |
Electricity - imports |
Definition 0 kWh (2006) |
Oil - production |
Definition - World rank and map 3,661 bbl/day (2005 est.) |
Oil - consumption |
Definition - World rank and map 108,000 bbl/day (2005 est.) |
Oil - consumption per 1,000 people |
Definition - World rank and map 14.9 bbl/day (2005 est.) |
Oil - exports |
Definition - World rank and map 51,000 bbl/day (2005 est.) |
Oil - imports |
Definition - World rank and map 138,800 bbl/day (2004 est.) |
Oil - proved reserves |
Definition - World rank and map 15 million bbl (1 January 2006 est.) |
Natural gas - production |
Definition - World rank and map 407,000 cu m (2005 est.) |
Natural gas - consumption |
Definition - World rank and map 5.179 billion cu m (2005 est.) |
Natural gas - consumption per capita |
Definition - World rank and map 713 cu m (2005 est.) |
Natural gas - exports |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - imports |
Definition - World rank and map 5.179 billion cu m (2005) |
Natural gas - proved reserves |
Definition - World rank and map 5.703 billion cu m (1 January 2006 est.) |
Current account balance |
Definition - World rank and map -$8.464 billion (2007 est.) |
Exports |
Definition - World rank and map $18.44 billion f.o.b. (2007 est.) |
Exports - commodities |
Definition clothing, footwear, iron and steel, machinery and equipment, fuels |
Exports - partners |
Definition Turkey 11.5%, Germany 10.3%, Italy 10.2%, Greece 9.1%, Belgium 6.2%, Romania 4.9% (2006) |
Imports |
Definition - World rank and map $28.67 billion f.o.b. (2007 est.) |
Imports - commodities |
Definition machinery and equipment; metals and ores; chemicals and plastics; fuels, minerals, and raw materials |
Imports - partners |
Definition Russia 12.3%, Germany 12.3%, Italy 8.7%, Ukraine 7.2%, Turkey 6.9%, Greece 6.2%, Romania 4.5%, Austria 4.3% (2006) |
Reserves of foreign exchange and gold |
Definition - World rank and map $17.38 billion (31 December 2007 est.) |
Debt - external |
Definition - World rank and map $34.44 billion (30 June 2007) |
Stock of direct foreign investment - at home |
Definition $28.84 billion (2007 est.) |
Stock of direct foreign investment - abroad |
Definition $607 million (2007 est.) |
Market value of publicly traded shares |
Definition $10.32 billion (2006) |
Economic aid - recipient |
Definition $742 million (2005-06 est.) |
Currency (code) |
Definition lev (BGL) |
Exchange rates |
Definition leva per US dollar - 1.4366 (2007), 1.5576 (2006), 1.5741 (2005), 1.5751 (2004), 1.7327 (2003) |
Fiscal year |
Definition calendar year |
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