| People | Bulgaria |
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Economy - overview:
|
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):
|
$86.73 billion (2007 est.) |
GDP (official exchange rate):
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$39.07 billion (2007 est.) |
GDP - real growth rate:
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6.1% (2007 est.) |
GDP - per capita (PPP):
|
$11,800 (2007 est.) |
GDP - composition by sector:
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agriculture: 8.1%
industry: 31.3%
services: 60.7% (2007 est.) |
Investment (gross fixed):
|
27.6% of GDP (2007 est.) |
Population below poverty line:
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14.1% (2003 est.) |
Household income or consumption by percentage share:
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lowest 10%: 2.9%
highest 10%: 25.4% (2005) |
Distribution of family income - Gini index:
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31.6 (2005) |
Inflation rate (consumer prices):
|
7.8% (2007 est.) |
Labor force:
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3.44 million (2007 est.) |
Labor force participation rate:
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47.37 % of population |
Labor force - by occupation:
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agriculture: 8.5%
industry: 33.6%
services: 57.9% (2nd qtr. 2006 est.) |
Unemployment rate:
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8% (2007 est.) |
Budget:
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revenues: $16.62 billion
expenditures: $15.18 billion (2007 est.) |
Budget revenues per capita:
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2,289 USD per capita |
Public debt:
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18.2% of GDP (2007 est.) |
Industries:
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electricity, gas, water; food, beverages, tobacco; machinery and equipment, base metals, chemical products, coke, refined petroleum, nuclear fuel |
Industrial production growth rate:
|
5.5% (2007 est.) |
Electricity - production:
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45.7 billion kWh (2006) |
Electricity - production per capita:
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6,293 kWh per capita |
Electricity - consumption:
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37.4 billion kWh (2006) |
Electricity - consumption - per capita:
|
5,150 kWh per capita |
Electricity - exports:
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7.8 billion kWh (2006) |
Electricity - imports:
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0 kWh (2006) |
Oil - production:
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3,661 bbl/day (2005 est.) |
Oil - production per capita:
|
505 bbl/day per capita |
Oil - consumption:
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108,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
5.43 bbl/year per capita |
Oil - exports:
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51,000 bbl/day (2005 est.) |
Oil - imports:
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138,800 bbl/day (2004 est.) |
Oil - proved reserves:
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15 million bbl (1 January 2006 est.) |
Natural gas - production:
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407,000 cu m (2005 est.) |
Natural gas - production per capita:
|
1 cu m per capita |
Natural gas - consumption:
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5.179 billion cu m (2005 est.) |
Natural gas - consumption - per capita:
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714 cu m per capita |
Natural gas - exports:
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0 cu m (2005 est.) |
Natural gas - imports:
|
5.179 billion cu m (2005) |
Natural gas - proved reserves:
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5.703 billion cu m (1 January 2006 est.) |
Agriculture - products:
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vegetables, fruits, tobacco, wine, wheat, barley, sunflowers, sugar beets; livestock |
Current account balance:
|
-$7.189 billion (2007 est.) |
Current account balance - per capita:
|
-989 USD per capita |
Exports:
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$19.77 billion f.o.b. (2007 est.) |
Exports per capita:
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2,723 USD per capita |
Exports - commodities:
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clothing, footwear, iron and steel, machinery and equipment, fuels |
Exports - partners:
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Turkey 12%, Italy 10.4%, Germany 10%, Greece 8.2%, Belgium 6.8%, France 4.3% (2006) |
Imports:
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$28.79 billion f.o.b. (2007 est.) |
Imports per capita:
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3,965 USD per capita |
Imports - commodities:
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machinery and equipment; metals and ores; chemicals and plastics; fuels, minerals, and raw materials |
Imports - partners:
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Germany 15%, Italy 10.6%, Turkey 7.2%, Greece 6.3%, China 5%, France 4.9%, Romania 4.5% (2006) |
Reserves of foreign exchange and gold:
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$13.8 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
|
1,901 USD per capita |
Debt - external:
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$29.29 billion (30 June 2007) |
Debt - external - per capita:
|
4,033 USD per capita |
Stock of direct foreign investment - at home:
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$20.86 billion (2006 est.) |
Stock of direct foreign investment - abroad:
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$345.8 million (2006 est.) |
Market value of publicly traded shares:
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$10.32 billion (2006) |
Economic aid - donor:
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void |
Economic aid - recipient:
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$742 million (2005-06 est.) |
Economic aid - recipient per capita:
|
103 USD per capita |
Currency (code):
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lev (BGL) |
Exchange rates:
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leva per US dollar - 1.4366 (2007), 1.5576 (2006), 1.5741 (2005), 1.5751 (2004), 1.7327 (2003) |
Fiscal year:
|
calendar year |
|
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