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Bulgaria Economy 2017
https://theodora.com/wfbcurrent/bulgaria/bulgaria_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Bulgaria Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

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 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):
$143.1 billion (2016 est.) $138.9 billion (2015 est.) $134.9 billion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 77
[see also: GDP country ranks ]

GDP (official exchange rate):
$50.45 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3% (2016 est.) 3% (2015 est.) 1.5% (2014 est.)
country comparison to the world: 101
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$20,100 (2016 est.) $19,400 (2015 est.) $18,700 (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 88
[see also: GDP - per capita country ranks ]

Gross national saving:
22.8% of GDP (2016 est.) 22.7% of GDP (2015 est.) 22.3% of GDP (2014 est.)
country comparison to the world: 62
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 60.8%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 15.9%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 20.4%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.1%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 69.1%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -66.3% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 5.1%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 27.5%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 67.5% (2016 est.)
[see also: GDP - composition, by sector of origin - services 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:
2.8% (2016 est.)
country comparison to the world: 87
[see also: Industrial production growth rate country ranks ]

Labor force:
2.525 million
note: number of employed persons (2016 est.)
country comparison to the world: 116
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 30.1%
[see also: Labor force - by occupation - industry country ranks ]
services: 62.9% (2014)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
8.9% (2016 est.) 10.1% (2015 est.)
country comparison to the world: 102
[see also: Unemployment rate country ranks ]

Population below poverty line:
21.8% (2014 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 35.2% (2007)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
35.4 (2013) 31.2 (2005)
country comparison to the world: 91
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $18.44 billion
[see also: Budget revenues country ranks ]
expenditures: $19.18 billion (2016 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
36.6% of GDP (2016 est.)
country comparison to the world: 51
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-1.5% of GDP (2016 est.)
country comparison to the world: 60
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
26.7% of GDP (2016 est.) 26.7% of GDP (2015 est.)
note:: 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 f
country comparison to the world: 151
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
-0.7% (2016 est.) -0.1% (2015 est.)
country comparison to the world: 13
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
0.01% (31 December 2015) 0.03% (31 December 2014)
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
country comparison to the world: 155
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
6.6% (31 December 2016 est.) 7.48% (31 December 2015 est.)
country comparison to the world: 121
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$20.38 billion (31 December 2016 est.) $20.09 billion (31 December 2015 est.)
country comparison to the world: 66
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$41.19 billion (31 December 2016 est.) $41.28 billion (31 December 2015 est.)
country comparison to the world: 73
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$28.96 billion (31 December 2016 est.) $29.83 billion (31 December 2015 est.)
country comparison to the world: 80
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$4.797 billion (31 December 2015 est.) $5.45 billion (31 December 2014 est.) $6.666 billion (31 December 2012 est.)
country comparison to the world: 84
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$400 million (2016 est.) $676 million (2015 est.)
country comparison to the world: 41
[see also: Current account balance country ranks ]

Exports:
$26.1 billion (2016 est.) $24.62 billion (2015 est.)
country comparison to the world: 64
[see also: Exports country ranks ]

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

Exports - partners:
Germany 12.5%, Italy 9.2%, Turkey 8.5%, Romania 8.2%, Greece 6.5%, France 4.2% (2015)

Imports:
$28.47 billion (2016 est.) $26.74 billion (2015 est.)
country comparison to the world: 62
[see also: Imports country ranks ]

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

Imports - partners:
Germany 12.9%, Russia 12%, Italy 7.6%, Romania 6.8%, Turkey 5.7%, Greece 4.8%, Spain 4.8% (2015)

Reserves of foreign exchange and gold:
$25.12 billion (31 December 2016 est.) $22.09 billion (31 December 2015 est.)
country comparison to the world: 52
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$42.42 billion (31 December 2016 est.) $42.5 billion (31 December 2015 est.)
country comparison to the world: 68
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$46.39 billion (31 December 2016 est.) $44.29 billion (31 December 2015 est.)
country comparison to the world: 59
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$4.79 billion (31 December 2016 est.) $4.49 billion (31 December 2015 est.)
country comparison to the world: 70
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
leva (BGN) per US dollar - 1.802 (2016 est.) 1.7644 (2015 est.) 1.7644 (2014 est.) 1.4742 (2013 est.) 1.52 (2012 est.)


NOTE: The information regarding Bulgaria on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bulgaria Economy 2017 information contained here. All suggestions for corrections of any errors about Bulgaria Economy 2017 should be addressed to the CIA.




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