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ECON FACTBOOK

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Economy of Bulgaria

Population: 7.3 million in 20131

GDP: $53 billion in 20132

GDP per capita: $7,499 nominal3 ($15,941 PPP4) in 2013

GDP growth rate: 1.1% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities17,54837.9%
Manufacturing7,59016.4%
Wholesale, retail trade, restaurants and hotels6,77714.6%
Transport, storage and communication5,35711.6%
Mining and utilities3,5667.7%
Construction2,9996.5%
Agriculture, hunting, forestry, fishing2,5025.4%
Total value added46,339100%

Employment

Unemployment rate: 12.9% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Manufacturing57619.6%
Wholesale trade, retail trade and repair of motor vehicles52517.9%
Public administration and defence2297.8%
Construction2077.0%
Agriculture, forestry and fishing1956.7%
Education1856.3%
Transportation and storage1816.2%
Human health and social work1535.2%
Accommodation and food service1465.0%
Administrative and support service1194.0%
Professional, scientific and technical852.9%
Information and communication752.6%
Finance and insurance521.8%
Other service481.6%
Arts, entertainment and recreation401.4%
Electricity, gas, steam and air conditioning401.4%
Water supply, sewerage and waste management371.3%
Mining and quarrying260.9%
Real estate100.3%
Activities of households as employers50.2%
Extraterritorial organizations and bodies10.0%
Total employment2,935100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $114 billion (215% of GDP) in 201410

Household Wealth per Adult: $19,093 in 201410

Gini Coefficient: .343 in 201111

Government

Central Government

Central Government Revenue: $19 billion (36% of GDP) in 201312

Central Government Expenditure: $20 billion (38% of GDP) in 201312

Central Government Budget Balance: -$2 billion (-2% of GDP) in 201312

Central Government Public Debt: $5.6 billion (11% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 2.65% on Feb 4, 201514

* Public debt calculated using the exchange rate 1.72 BGN = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 201015

Corporate Tax Rate: 10% in 201416

Monetary Policy

Money Supply (M0): $11 billion (21% of GDP) in Dec 2014* 17

Benchmark Interest Rate: Base Rate = 0.01% in Feb 201518

Total Reserves: $20 billion (38% of GDP) in 201319

Exchange Rate: 20

Inflation: 0.9% in 201321

* Money supply calculated using the exchange rate 1.72 BGN = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $28 billion (53% of GDP) in 201323

Imports: $33 billion (62% of GDP) in 201323

Trade Balance: -$5 billion (-9% of GDP) in 201323

Foreign Direct Investment Inflow: $1.9 billion (4% of GDP) in 201324

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, ILOSTAT, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: IMF Dissemination Standards Bulletin Board (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: PKF Tax Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: IMF Dissemination Standards Bulletin Board (Money supply) Go back
18. Source: Central Bank of the Republic of Bulgaria (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back