AllRefer.com Reference and Encyclopedia Resource 

AllRefer Channels :: Health | Yellow Pages | | Reference

December 14, 2019  
 Countries
 Flags
 Maps

You are here : AllRefer.com > Reference > World > Countries > Bulgaria > Bulgaria - Economy

Bulgaria: Economy

Economy Bulgaria
Economy - overview:
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.
GDP:
purchasing power parity - $49.23 billion (2002 est.)
GDP - real growth rate:
4.8% (2002 est.)
GDP - per capita:
purchasing power parity - $6,500 (2002 est.)
GDP - composition by sector:
agriculture: 13.7%
industry: 28.5%
services: 57.9% (2001)
Population below poverty line:
12.6% (2001 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):
5.9% (2002 est.)
Labor force:
3.83 million (2000 est.)
Labor force - by occupation:
agriculture 26%, industry 31%, services 43% (1998 est.)
Unemployment rate:
18% (2002 est.)
Budget:
revenues: $5.57 billion
expenditures: $5.68 billion, including capital expenditures of $NA (2001 est.)
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:
2% (2002 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 (37257)
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 (37257)
Agriculture - products:
vegetables, fruits, tobacco, livestock, wine, wheat, barley, sunflowers, sugar beets
Exports:
$5.3 billion f.o.b. (2002 est.)
Exports - commodities:
clothing, footwear, iron and steel, machinery and equipment, fuels
Exports - partners:
Italy 15.5%, Germany 9.6%, Turkey 9.4%, Greece 9.2%, France 5.3%, US 4.8% (2002)
Imports:
$6.9 billion f.o.b. (2002 est.)
Imports - commodities:
fuels, minerals, and raw materials; machinery and equipment; metals and ores; chemicals and plastics; food, textiles
Imports - partners:
Russia 14.6%, Germany 14.4%, Italy 11.4%, Greece 6.1%, France 5.7%, Turkey 5% (2002)
Debt - external:
$10.3 billion (yearend 2002)
Economic aid - recipient:
$300 million (2000 est.)
Currency:
lev (BGL)
Currency code:
BGN
Exchange rates:
leva per US dollar - 2.08 (2002), 2.18 (2001), 2.12 (2000), 1.84 (1999), 1.76 (1998)
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

Also See:

Background & Country Profile
Geography
People
Government
Economy
Communications
Transportation
Military
Transnational Issues & International Disputes
Map
Flag

 

Source: The CIA World Fact Book 2003

Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

About Us | Contact Us | Terms of Use | Privacy  
Copyright 2013 AllRefer.com All Rights reserved.
Site best viewed in 800 x 600 resolution.