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Bulgaria:
Economy

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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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