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    Bulgaria Economy - 2004
    https://immigration-usa.com/wfb2004/bulgaria/bulgaria_economy.html
    SOURCE: 2004 CIA WORLD FACTBOOK

      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 (2003 est.)

      GDP - real growth rate:
      4.4% (2003 est.)

      GDP - per capita:
      purchasing power parity - $7,600 (2003 est.)

      GDP - composition by sector:
      agriculture: 12.5%
      industry: 27.8%
      services: 59.7% (2002)

      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):
      5.6% (2003 est.)

      Labor force:
      3.83 million (2000 est.)

      Labor force - by occupation:
      agriculture 26%, industry 31%, services 43% (1998 est.)

      Unemployment rate:
      13.5% (2003)

      Budget:
      revenues: $6.68 billion
      expenditures: $6.69 billion, including capital expenditures of $NA (2002 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:
      5% (2003 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

      Oil - imports:
      NA

      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)

      Agriculture - products:
      vegetables, fruits, tobacco, livestock, wine, wheat, barley, sunflowers, sugar beets

      Exports:
      $7.337 billion f.o.b. (2003 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:
      $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:
      Russia 14.6%, Germany 14.4%, Italy 11.4%, Greece 6.1%, France 5.7%, Turkey 5% (2002)

      Debt - external:
      $12.6 billion (yearend 2003)

      Economic aid - recipient:
      $300 million (2000 est.)

      Currency:
      lev (BGL)

      Currency code:
      BGN

      Exchange rates:
      leva per US dollar - 1.73 (2003), 2.08 (2002), 2.18 (2001), 2.12 (2000), 1.84 (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


      NOTE: The information regarding Bulgaria on this page is re-published from the 2004 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bulgaria Economy 2004 information contained here. All suggestions for corrections of any errors about Bulgaria Economy 2004 should be addressed to the CIA.

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    https://immigration-usa.com/wfb2004/bulgaria/bulgaria_economy.html

    Revised 21-May-04
    Copyright © 2004 Photius Coutsoukis (all rights reserved)


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