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Bulgaria

Continent:

Geography

People &
Society

Government

Economy

Energy

Communications

Military &
Security

Transportation

Terrorism

Transnational Issues
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Economy Overview

(a) privatization and, where appropriate, liquidation of state-owned enterprises (SOEs); (b) liberalization of agricultural policies, including creating conditions for the development of a land market; (c) reform of the country's social insurance programs; and (d) reforms to strengthen contract enforcement and fight crime and corruption.

Agriculture Products

$3.8 billion (f.o.b., 1999 est.)

Industries

-3% (1999 est.)

Industrial Production Growth Rate

38.423 billion kWh (1998)

Labor Force

agriculture 26%, industry 31%, services 43% (1998 est.)

Electricity production

52.34%

Electricity production by source

Fossil fuel: 7.35%

Hydro: 40.31%

Nuclear: 0% (1998)

Other: 35.493 billion kWh (1998)

Electricity Consumption

2 billion kWh (1998)

Electricity Exports

1.76 billion kWh (1998)

Electricity Imports

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

Currency

on 5 July 1999 the lev was re-denominated; the post-5 July 1999 lev is equal to 1,000 of the pre-5 July 1999 leva

Unemployment Rate

$4.69 billion

Population Below Poverty Line

3.3%

Household Income or Consumption by Percentage Share

Lowest 10%: 24.7% (1992)

Highest 10%: 6.2% (1999 est.)

Budget

Revenues: $5.06 billion, including capital expenditures of $NA (1999 est.)

Expenditures: machine building and metal working, food processing, chemicals, construction materials, ferrous and nonferrous metals, nuclear fuel

Commercial Bank Prime Lending Rate

Stock of Narrow Money

Stock of Broad Money

Stock of Domestic Credit

Market Value of Publicly Traded Shares

Reserves of Foreign Exchange and Gold

Debt External

$NA

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

Note: calendar year

Year

Fiscal Year

  • 3.186 million (1999)

GDP Purchasing Power Parity

    2.5% (1999 est.)

GDP Real Growth Rate

    Purchasing power parity - $4,300 (1999 est.)

GDP Per Capital

    21%

Gross National Saving

GDP Composition by end Use

GDP Composition by Sector of Origin

  • Agriculture
    29%
  • Industry
    50% (1999 est.)
  • Services
    NA%

Inflation Rate Consumer Prices

    3.82 million (1998 est.)

Current Account Balance

Exports

    Machinery and equipment; metals, minerals, and fuels; chemicals and plastics; food, tobacco, clothing (1998)

Exports Partners

  • $5.3
    billion
  • 1999
    est.)

Exports Commodities

  • Italy
    13%
  • Germany
    10%
  • Greece
    9%
  • Turkey
    8%

Imports

    Fuels, minerals, and raw materials; machinery and equipment; metals and ores; chemicals and plastics; food, textiles (1998)

Imports Partners

    $10 billion (1999 est.)

Imports Commodities

  • Russia
    20%
  • Germany
    14%
  • Italy
    8%
  • Greece
    6%
  • US
    4%
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