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Introduction - Bulgaria:
Location - Bulgaria:
People - Bulgaria:
Government - Bulgaria:
Economy - Bulgaria:

Economy overview

Bulgaria, a former communist country that entered the EU on 1 January 2007, 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 - the currency is now fixed against the euro - and the negotiation of an IMF standby agreement. Low inflation and steady progress on structural reforms improved the business environment; Bulgaria has averaged 5.1% 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

$78.68 billion (2006 est.)

Gdp official exchange rate

$28.06 billion (2006 est.)

Gdp real growth rate

6.3% (2006 est.)

Gdp per capita ppp

$10,700 (2006 est.)

Gdp composition by sector

agriculture: 13.6%
industry: 32.1%
services: 54.3% (2006 est.)

Labor force

3.51 million (30 September 2006 est.)

Labor force by occupation

agriculture: 8.5%
industry: 33.6%
services: 57.9% (2nd qtr. 2006 est.)

Unemployment rate

9.6% (2006 est.)

Population below poverty line

14.1% (2003 est.)

Household income or consumption by percentage share

lowest 10%: 2.9%
highest 10%: 25.4% (2005)

Distribution of family income gini index

31.6 (2005)

Inflation rate consumer prices

6.5% (2006 est.)

Investment gross fixed

23.8% of GDP (3rd qtr. 2006 est.)


revenues: $13.28 billion
expenditures: $12.16 billion; including capital expenditures of $NA (2006 est.)

Public debt

25.6% of GDP (2006 est.)

Agriculture products

vegetables, fruits, tobacco, wine, wheat, barley, sunflowers, sugar beets; livestock


electricity, gas, water; food, beverages, tobacco; machinery and equipment, base metals, chemical products, coke, refined petroleum, nuclear fuel

Industrial production growth rate

11.3% (Third Quarter, 2006 est.)

Electricity production

45.7 billion kWh (2006)

Electricity consumption

37.4 billion kWh (2006)

Electricity exports

7.8 billion kWh (2006)

Electricity imports

0 kWh (2006)

Oil production

3,000 bbl/day (2005 est.)

Oil consumption

131,400 bbl/day (2005 est.)

Oil exports

51,000 bbl/day (2005 est.)

Oil imports

138,800 bbl/day (2004 est.)

Oil proved reserves

15 million bbl (1 January 2006)

Natural gas production

407,000 cu m (2005 est.)

Natural gas consumption

3.472 billion cu m (2005 est.)

Natural gas exports

0 cu m (2005 est.)

Natural gas imports

3.065 billion cu m (2005 est.)

Natural gas proved reserves

5.947 billion cu m (1 January 2005 est.)

Current account balance

-$5.1 billion (2006 est.)


$15.5 billion f.o.b. (2006 est.)

Exports commodities

clothing, footwear, iron and steel, machinery and equipment, fuels

Exports partners

Turkey 10.8%, Italy 10.1%, Germany 9.9%, Greece 8.2%, Belgium 6.4% (2006)


$23.8 billion f.o.b. (2006 est.)

Imports commodities

machinery and equipment; metals and ores; chemicals and plastics; fuels, minerals, and raw materials

Imports partners

Russia 16.8%, Germany 12.4%, Italy 8.7%, Turkey 6.4%, China 5.4%, Greece 5.1% (2006)

Reserves of foreign exchange and gold

$11.43 billion (February 2007 est.)

Debt external

$24.3 billion (30 November 2006 est.)

Economic aid recipient

$742 million (2005-06 est.)

Currency code

lev (BGL)

Exchange rates

leva per US dollar - 1.5576 (2006), 1.5741 (2005), 1.5751 (2004), 1.7327 (2003), 2.077 (2002)

Communications - Bulgaria:
Transportation - Bulgaria:
Military - Bulgaria:
This page was last updated on 16 September, 2007
Source: CIA >>>

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