Economy of Bulgaria
Population: 7.02 M (2018)
GDP per Capita: 9,273 USD (2018)
65,130 M.

GDP USD

(2018)

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43,600 M.

EXPORTS USD

(2018)

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41,890 M.

IMPORTS USD

(2018)

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20.40 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.08 % (2018)
GDP of 2010 USD USD 60.80 B. (2018)
GDP Current USD USD 65.13 B. (2018)
GDP per Capita Current USD USD 9,273 (2018)
GDP per capita, PPP USD 19,321 (2018)
GDP per Capita, 2010 USD USD 8,651 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 16.72 % (2018)
Government Spending USD 10.89 B. (2018)
Government Debt % GDP 20.40 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 140.07 (2018)
Trade Openness 131.25 % (2018)
Exports of Goods and Services % GDP 66.94 % (2018)
Exports Goods & Services USD 43.60 B. (2018)
Exports Annual Growth 1.70 % (2018)
Imports as % GDP 64.31 % (2018)
Total Imports USD 41.89 B. (2018)
Foreign Direct Investment % GDP 1.88 % (2018)
Foreign Direct Investment USD 2.58 B. (2018)
Current Account Balance % GDP USD 5.36 % (2018)
Current Account Balance USD 3.49 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD 1.95 B. (2018)
Foreign Exchange Reserves incl Gold USD 28.71 B. (2018)
Remittances % GDP 3.68 % (2018)
Remittances USD 1,390 M. (2018)
Balance of Payments USD 1,971 M. (2016)

Labor Market

Indicator Value
Labor Force 3.28 M. (2019)
Unemployment Rate 4.82 % (2019)
Unemployment Rate Females 3.97 % (2019)
Unemployment Rate Males 4.66 % (2019)
Youth Unemployment (ages 15-24) 11.49 % (2019)
Labor Force Participation Rate 55.23 % (2019)
Labor Force (Percent Female) 46.17 % (2019)
Female Labor Force Participation Rate 49.42 % (2019)
Male Labor Force Participation Rate 61.49 % (2019)
Dependent People 55.32 % (2018)

Agriculture Sector

Indicator Value
Forest Area 35.40 % (2016)
Forest Area km² 38,402 km² (2016)
Agricultural Land 46.25 % (2016)
Agricultural Land km² 50,210 km² (2016)
Employment 6.87 % (2019)
Value added % GDP 3.65 % (2018)
Agriculture Value added USD 2.38 B. (2018)
Crop Production Index 128.10 (2016)
Precipitation 608 mm (2014)
Arable Land 32 % (2016)
Cereal Yield 5,480 kg/hectare (2017)
Food production index 130 (2016)
Rural Population 25 % (2018)
Fertilizer use of Arable Land 126 kg/hectare (2016)
Livestock Production Index 84 (2016)
Economy of Bulgaria

According to the World Bank and its latest published data, the economy of the Bulgaria presents a growth rate of 3.08 % (2018) to the previous year.

With a population that reaches 7.02 M (2018) and a gross domestic product of USD 65.13 B. (2018), it translates a Gross Domestic Product per Capita of USD 9,273 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Bulgaria also has a workforce of 3.28 M. (2019) with an unemployment rate of 4.82 % (2019), where women represent 3.97 % (2019) and men 4.66 % (2019), the unemployment rate for young people between 15-24 years old stood at 11.49 % (2019). The total number of dependent people stands at 55.32 % (2018).

The central government spent 16.72 % (2018) of its gross domestic product that year, which in absolute terms is USD 10.89 B. (2018). Its consolidated public debt reached 20.40 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Bulgaria exported USD 43.60 B. (2018), which represents 66.94 % (2018) of its gross domestic product, in that same sense its imports reached USD 41.89 B. (2018) with a direct foreign investment of USD 2.58 B. (2018).

Bulgaria has a forest area of 38,402 km² (2016), which represents 35.40 % (2016) of its total area, an average rainfall of 608 mm (2014) per year and a population of 25 % (2018) living in rural areas. With a total area of 50,210 km² (2016) available for agriculture and 6.87 % (2019) of its employments, the agricultural sector contributes to the economy of the Bulgaria about USD 2.38 B. (2018) (3.65 % (2018) of its GDP).