Bulgaria - Economy
How is the economy of Bulgaria? Based on the information we have, Bulgaria has a upper-middle-income EU economy; improving living standards and very robust economic growth; coal-based infrastructure; legacy structural vulnerabilities and widespread corruption; increasing Russian economic relations, particularly through energy trade. Key agricultural products in this country include: wheat, maize, sunflower seeds, milk, barley, rapeseed, potatoes, grapes, tomatoes, chicken (2022).
More about the economy of Bulgaria
| Labor force | 3.147 million (2022 est.) |
|---|---|
| Industrial production growth rate | 11.92% (2022 est.) |
| Industries | electricity, gas, water; food, beverages, tobacco; machinery and equipment, automotive parts, base metals, chemical products, coke, refined petroleum, nuclear fuel; outsourcing centers |
| Population below poverty line | 22.9% (2021 est.) |
| Taxes and other revenues | 20.63% (of GDP) (2021 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | leva (BGN) per US dollar - |
| Exchange rates 2022 | 1.86 (2022 est.) |
| Exchange rates 2021 | 1.654 (2021 est.) |
| Exchange rates 2020 | 1.716 (2020 est.) |
| Exchange rates 2019 | 1.747 (2019 est.) |
| Exchange rates 2018 | 1.657 (2018 est.) |
| Debt - external | |
| Debt - external 2019 | $39.059 billion (2019 est.) |
| Debt - external 2018 | $41.139 billion (2018 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2022 | $40.989 billion (2022 est.) |
| Reserves of foreign exchange and gold 2021 | $39.188 billion (2021 est.) |
| Reserves of foreign exchange and gold 2020 | $37.86 billion (2020 est.) |
| Current account balance | |
| Current account balance 2022 | -$591.65 million (2022 est.) |
| Current account balance 2021 | -$1.516 billion (2021 est.) |
| Current account balance 2020 | -$31.23 million (2020 est.) |
| Public debt | |
| Public debt 2021 | 32.82% of GDP (2021 est.) |
| Public debt 2020 | 32.26% of GDP (2020 est.) |
| Public debt 2019 | 26.94% of GDP (2019 est.) |
| Budget | |
| Revenues | $24.487 billion (2020 est.) |
| Expenditures | $26.544 billion (2020 est.) |
| Budget surplus (+) or deficit (-) | 1.8% (of GDP) (2017 est.) |
| Remittances | |
| Remittances 2022 | 2.25% of GDP (2022 est.) |
| Remittances 2021 | 2.35% of GDP (2021 est.) |
| Remittances 2020 | 2.93% of GDP (2020 est.) |
| Household income | |
| Lowest 10% | 2.1% |
| Highest 10% | 32.6% (2020 est.) |
| Average household expenditures | |
| On food | 19.3% of household expenditures (2021 est.) |
| On alcohol and tobacco | 5.3% of household expenditures (2021 est.) |
| Imports | |
| Imports 2022 | $60.252 billion (2022 est.) |
| Imports 2021 | $50.048 billion (2021 est.) |
| Imports 2020 | $38.197 billion (2020 est.) |
| Imports (partners) | Germany 10%, Russia 10%, Turkey 9%, Romania 7%, Greece 6% (2022) |
| Comodities Imports force | crude petroleum, natural gas, copper ore, cars, packaged medicine (2022) |
| Exports | |
| Imports 2022 | $60.252 billion (2022 est.) |
| Imports 2021 | $50.048 billion (2021 est.) |
| Imports 2020 | $38.197 billion (2020 est.) |
| Exports (partners) | Germany 13%, Romania 13%, Italy 7%, Turkey 6%, Greece 6% (2022) |
| Comodities Exports force | refined petroleum, natural gas, garments, wheat, refined copper (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2022 | $174.307 billion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $167.722 billion (2021 est.) |
| Real GDP (purchasing power parity) 2020 | $155.786 billion (2020 est.) |
| GDP (official exchange rate) | $90.346 billion (2022 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2022 | $27,000 (2022 est.) |
| Real GDP per capita 2021 | $24,400 (2021 est.) |
| Real GDP per capita 2020 | $22,500 (2020 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 4.3% (2017 est.) |
| Industry | 28% (2017 est.) |
| Services | 67.4% (2017 est.) |
| GDP - composition, by end use | |
| Household consumption | 61.6% (2017 est.) |
| Government consumption | 16% (2017 est.) |
| Investment in fixed capital | 19.2% (2017 est.) |
| Investment in inventories | 1.7% (2017 est.) |
| Exports of goods and services | 66.3% (2017 est.) |
| Imports of goods and services | -64.8% (2017 est.) |
| Unemployment rate | |
| Unemployment rate 2022 | 4.27% (2022 est.) |
| Unemployment rate 2021 | 5.27% (2021 est.) |
| Unemployment rate 2020 | 5.12% (2020 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 14.2% (2021 est.) |
| Male | 14.3% |
| Female | 14% |
All Important Facts about Bulgaria
Want to know more about Bulgaria? Check all different factbooks for Bulgaria below.
