Table of Contents
Is Bulgaria economically strong?
The Bulgarian economy has experienced significant growth (416%), starting from $13.15 billion (nominal, 2000) and reaching estimated gross domestic product (GDP) of $67.9 billion (nominal, 2019 est.) or $171.185 billion (PPP, 2019 est.), GDP per capita of $24,595 (PPP, 2019 est.), average gross monthly salary of 1,500 …
What makes Bulgaria unique?
Bulgaria is the oldest country in Europe that hasn’t changed its name since it was first established. Sofia, the capital of Bulgaria, was founded 7000 years ago. This makes it the second oldest city in Europe. The gold treasure discovered in the Varna Necropolis is the oldest one in the world.
What was the GDP of Bulgaria in 1980?
The GDP value of Bulgaria represents 0.06 percent of the world economy. GDP in Bulgaria averaged 30.37 USD Billion from 1980 until 2019, reaching an all time high of 67.93 USD Billion in 2019 and a record low of 9.70 USD Billion in 1994.
What kind of economic system does Bulgaria have?
The economy of Bulgaria functions on the principles of the free market, having a large private sector and a smaller public one. Bulgaria is an industrialised upper-middle-income country according to the World Bank, and is a member of the European Union (EU), World Trade Organization (WTO),…
How did World War 2 affect the economy of Bulgaria?
The rapid industrialization of Bulgaria since World War II and the economic transition it underwent with the demise of the communist regime had a profound effect on Bulgarian society. Liberalization of price controls in the early 1990s led to a marked rise in prices.
What was the GDP of Bulgaria in 2017?
The Gross Domestic Product (GDP) in Bulgaria was worth 56.83 billion US dollars in 2017. The GDP value of Bulgaria represents 0.09 percent of the world economy. GDP in Bulgaria averaged 28.10 USD Billion from 1980 until 2017, reaching an all time high of 57.42 USD Billion in 2011 and a record low of 9.70 USD Billion in 1994. Historical. Data.