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    Bulgaria Index 2006

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    Bulgaria Economy - 2006
    https://theodora.com/wfbcurrent/bulgaria/bulgaria_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      Bulgaria, a former communist country striving to enter the European Union, has experienced macroeconomic stability and strong growth since a major economic downturn in 1996 led to the fall of the then socialist government. As a result, the government became committed to economic reform and responsible fiscal planning. Minerals, including coal, copper, and zinc, play an important role in industry. In 1997, macroeconomic stability was reinforced by the imposition of a fixed exchange rate of the lev against the German D-mark and the negotiation of an IMF standby agreement. Low inflation and steady progress on structural reforms improved the business environment; Bulgaria has averaged 4% growth since 2000 and has begun to attract significant amounts of foreign direct investment. Corruption in the public administration, a weak judiciary, and the presence of organized crime remain the largest challenges for Bulgaria.

      GDP (purchasing power parity):
      $67.29 billion (2005 est.)

      GDP (official exchange rate):
      $25.75 billion (2005 est.)

      GDP - real growth rate:
      5.7% (2005 est.)

      GDP - per capita (PPP):
      $9,000 (2005 est.)

      GDP - composition by sector:
      agriculture: 10.1%
      industry: 30.2%
      services: 59.7% (2005 est.)

      Labor force:
      3.34 million (2005 est.)

      Labor force - by occupation:
      agriculture: 11%
      industry: 32.7%
      services: 56.3% (3rd qtr. 2004 est.)

      Unemployment rate:
      11.5% (2005 est.)

      Population below poverty line:
      13.4% (2002 est.)

      Household income or consumption by percentage share:
      lowest 10%: 4.5%
      highest 10%: 22.8% (1997)

      Distribution of family income - Gini index:
      31.9 (2001)

      Inflation rate (consumer prices):
      4.5% (2005 est.)

      Investment (gross fixed):
      22.1% of GDP (2005 est.)

      Budget:
      revenues: $11.18 billion
      expenditures: $10.9 billion; including capital expenditures of $NA (2005 est.)

      Public debt:
      32.4% of GDP (2005 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:
      7% (2005 est.)

      Electricity - production:
      38.07 billion kWh (2003)

      Electricity - consumption:
      31.75 billion kWh (2003)

      Electricity - exports:
      5.449 billion kWh (2003)

      Electricity - imports:
      1.8 billion kWh (2003)

      Oil - production:
      2,908 bbl/day (2003)

      Oil - consumption:
      107,000 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Oil - proved reserves:
      8.1 million bbl (1 January 2002)

      Natural gas - production:
      1 million cu m (2003 est.)

      Natural gas - consumption:
      5.401 billion cu m (2003 est.)

      Natural gas - exports:
      0 cu m (2001 est.)

      Natural gas - imports:
      5.8 billion cu m (2001 est.)

      Natural gas - proved reserves:
      5.947 billion cu m (1 January 2002)

      Current account balance:
      -$2.741 billion (2005 est.)

      Exports:
      $11.67 billion f.o.b. (2005 est.)

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

      Exports - partners:
      Italy 13.1%, Germany 11.6%, Turkey 9.3%, Belgium 6.1%, Greece 5.6%, US 5.3%, France 4.9% (2004)

      Imports:
      $15.9 billion f.o.b. (2005 est.)

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

      Imports - partners:
      Germany 15.1%, Italy 10.2%, Russia 7.9%, Greece 7.5%, Turkey 6.9%, France 4.4% (2004)

      Reserves of foreign exchange and gold:
      $9.707 billion (2005 est.)

      Debt - external:
      $15.46 billion (2005 est.)

      Economic aid - recipient:
      $300 million (2000 est.)

      Currency (code):
      lev (BGL)

      Exchange rates:
      leva per US dollar - 1.5741 (2005), 1.5751 (2004), 1.7327 (2003), 2.077 (2002), 2.1847 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Bulgaria on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bulgaria Economy 2006 information contained here. All suggestions for corrections of any errors about Bulgaria Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/bulgaria/bulgaria_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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