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Bulgaria Economy 2011
https://theodora.com/wfb2011/bulgaria/bulgaria_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 13, 2011

Economy - overview:
Bulgaria, a former Communist country that entered the EU on 1 January 2007, averaged more than 6% growth from 2004 to 2008, driven by significant amounts of foreign direct investment and consumption. 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 approximately 5% in 2009, and stagnated in 2010, despite a significant recovery in exports. The economy is expected to grow modestly in 2011, however. Corruption in the public administration, a weak judiciary, and the presence of organized crime remain significant challenges.

GDP (purchasing power parity):
$91.83 billion (2010 est.)
country comparison to the world: 72

$91.83 billion (2009 est.)
$96.67 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$44.84 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
0% (2010 est.)
country comparison to the world: 191

-5% (2009 est.)
6.2% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$12,800 (2010 est.)
country comparison to the world: 90

$12,700 (2009 est.)
$13,300 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 7.5%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 27.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 64.9% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
2.61 million (2009 est.)
country comparison to the world: 108
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 7.5%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 36.4%
[see also: Labor force - by occupation - industry country ranks ]
services: 56.1% (2008 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
9.5% (2010 est.)
country comparison to the world: 103

6.3% (2008 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
14% (2008)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.9%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 24.1% (2008)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
29.8 (2008)
country comparison to the world: 114

26.4 (2001)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
22.8% of GDP (2009 est.)
country comparison to the world: 57
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $15.71 billion
[see also: Budget - revenues country ranks ]
expenditures: $17.52 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
16.2% of GDP (2010 est.)
country comparison to the world: 115

14.8% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
2.1% (2010 est.)
country comparison to the world: 57

1.6% (2009)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
0.55% (31 December 2009)
country comparison to the world: 78

5.77% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
11.34% (31 December 2009 est.)
country comparison to the world: 84

10.86% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$12.7 billion (31 December 2010 est)

$12.91 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$35.37 billion (31 December 2010 est.)

$33.93 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$34.54 billion (31 December 2010 est.)
country comparison to the world: 67

$33.89 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$7.103 billion (31 December 2009)
country comparison to the world: 70

$8.858 billion (31 December 2008)
$21.79 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

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:
0.4% (2009 est.)
country comparison to the world: 153
[see also: Industrial production growth rate country ranks ]

Electricity - production:
44.83 billion kWh (2008)
country comparison to the world: 51
[see also: Electricity - production country ranks ]

Electricity - consumption:
29.9 billion kWh (2008)
country comparison to the world: 59
[see also: Electricity - consumption country ranks ]

Electricity - exports:
5.407 billion kWh (2008)
[see also: Electricity - exports country ranks ]

Electricity - imports:
3.097 billion kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
3,227 bbl/day (2009 est.)
country comparison to the world: 101
[see also: Oil - production country ranks ]

Oil - consumption:
125,000 bbl/day (2009 est.)
country comparison to the world: 71
[see also: Oil - consumption country ranks ]

Oil - exports:
76,570 bbl/day (2007 est.)
country comparison to the world: 71
[see also: Oil - exports country ranks ]

Oil - imports:
189,000 bbl/day (2007 est.)
country comparison to the world: 49
[see also: Oil - imports country ranks ]

Oil - proved reserves:
15 million bbl (1 January 2010 est.)
country comparison to the world: 84
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
218 million cu m (2008)
country comparison to the world: 74
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
3.35 billion cu m (2008)
country comparison to the world: 70
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008)
country comparison to the world: 199
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
3.48 billion cu m (2008)
country comparison to the world: 38
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
5.663 billion cu m (1 January 2010 est.)
country comparison to the world: 88
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$1.528 billion (2010 est.)
country comparison to the world: 153

-$4.348 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$19.33 billion (2010 est.)
country comparison to the world: 69

$16.53 billion (2009 est.)
[see also: Exports country ranks ]

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

Exports - partners:
Germany 11.21%, Greece 9.43%, Italy 9.24%, Romania 8.52%, Turkey 7.33%, Belgium 5.61%, France 4.44% (2009)

Imports:
$22.78 billion (2010 est.)
country comparison to the world: 67

$22.22 billion (2009 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 13.14%, Germany 12.23%, Italy 7.78%, Greece 6.17%, Romania 5.65%, Turkey 5.48%, Ukraine 4.81%, Austria 4.08% (2009)

Reserves of foreign exchange and gold:
$15.07 billion (31 December 2010 est.)
country comparison to the world: 47

$18.53 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$36.15 billion (31 December 2010 est.)
country comparison to the world: 60

$39.56 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$51.28 billion (31 December 2010 est.)
country comparison to the world: 54

$49.28 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$1.372 billion (31 December 2010 est.)
country comparison to the world: 70

$1.194 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
leva (BGN) per US dollar - 1.5138 (2010), 1.404 (2009), 1.3171 (2008), 1.4366 (2007), 1.5576 (2006)


NOTE: The information regarding Bulgaria on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bulgaria Economy 2011 information contained here. All suggestions for corrections of any errors about Bulgaria Economy 2011 should be addressed to the CIA.



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