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Home > Economy > Economy In Europe > Economy In Bulgaria
 

Economy In Bulgaria

Bulgaria, a former communist country striving to enter the European Union, 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. A $300 million stand-by agreement negotiated with the IMF at the end of 2001 has supported government efforts to overcome high rates of poverty and unemployment.

Economy overview

GDP purchasing power parity - $57.13 billion (2004 est.)
GDP - real growth rate 4.3% (2004 est.)
GDP - per capita purchasing power parity - $7,600 (2004 est.)
GDP - composition by sector agriculture: 11.4% industry: 30% services: 58.6% (2004 est.)
Investment gross fixed 19.6% of GDP (2004 est.)
Population below poverty line 13.4% (2002 est.)
Household income or consumption by percentage share lowest 10%: 4.5% highest 10%: 22.8% (1997)
Distribution of family income - Gini index 26.4 (2001)
Inflation rate consumer prices 2.3% (2004 est.)
Labor force 3.333 million (2004 est.)
Labor force by occupation agriculture 26%, industry 31%, services 43% (1998 est.)
Unemployment rate 14.3% (2004 est.)
Budget revenues: $8.121 billion expenditures: $8.121 billion, including capital expenditures of NA (2004 est.)
Public debt 48% of GDP (2004 est.)
Agriculture products vegetables, fruits, tobacco, livestock, wine, wheat, barley, sunflowers, sugar beets
Industries electricity, gas and water; food, beverages and tobacco; machinery and equipment, base metals, chemical products, coke, refined petroleum, nuclear fuel
Industrial production growth rate 6.3% (2004 est.)
Electricity production 41.38 billion kWh (2001)
Electricity production by source fossil fuel: 47.8% hydro: 8.1% other: 0% (2001) nuclear: 44.1%
Electricity consumption 32.52 billion kWh (2001)
Electricity exports 6.79 billion kWh (2001)
Electricity imports 830 million kWh (2001)
Oil production 603 bbl/day (2001 est.)
Oil consumption 94,000 bbl/day (2001 est.)
Oil exports NA (2001
Oil imports NA (2001
Oil proved reserves 8.1 million bbl (1 January 2002)
Natural gas production 4 million cu m (2001 est.)
Natural gas consumption 5.804 billion cu m (2001 est.)
Natural gas exports 0 cu m (2001 est.)
Natural gas imports 5.8 billion cu m (2001 est.)
Natural gas proved reserves 3.724 billion cu m (1 January 2002)
Current account balance $-1.666 billion (2004 est.)
Exports $7.337 billion f.o.b. (2004 est.)
Exports commodities clothing, footwear, iron and steel, machinery and equipment, fuels
Exports partners Italy 14.1%, Germany 10.9%, Greece 10.5%, Turkey 9.2%, France 5.1%, US 4.5% (2003)
Imports $9.723 billion f.o.b. (2003 est.)
Imports commodities fuels, minerals, and raw materials; machinery and equipment; metals and ores; chemicals and plastics; food, textiles
Imports partners Germany 14.4%, Russia 12.6%, Italy 10.3%, Greece 6.7%, Turkey 6.2%, France 5.7% (2003)
Reserves of foreign exchange gold $6.705 billion (2004 est.)
Debt external $12.05 billion (2004 est.)
Economic aid recipient $300 million (2000 est.)
Currency lev (BGL)
Currency code BGN
Exchange rates leva per US dollar - 1.7327 (2003), 2.077 (2002), 2.1847 (2001), 2.1233 (2000), 1.8364 (1999) note: on 5 July 1999, the lev was redenominated; the post-5 July 1999 lev is equal to 1,000 of the pre-5 July 1999 lev
Fiscal year calendar year
 
 
 
 
 
 
 
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