Economy Of Bulgaria - Bulgaria Information

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Economy Of Bulgaria
Bulgaria Information - Country Guides

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 - $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

Bulgarian Flag Map Of Bulgaria

Economy Of BulgariaBulgaria Information - Country Guides

Economy Of Bulgaria
Bulgaria Information - Country Guides