Bulgaria country overview
Before we start to discuss Bulgaria GDP first we discuss Bulgaria’s country overview, so Bulgaria is officially the Republic of Bulgaria. It is located in Southeast Europe.
Sofia is the capital and the largest city of Bulgaria. Its official language is Bulgarian. In ethnic groups, 85% Bulgarians, 9% Turks and other ethnic groups live in Bulgaria.
In religion, 61% of Christianity and other religions exist in Bulgaria. Bulgaria’s government system is the Unitary parliamentary republic.
Its president name is Rumen Radev. Its vice president’s name is Liana lotova. Bulgaria’s prime minister’s name is Kiril Petkov. Bulgaria’s total land area is 110,993,6 km2. Its land area rank is 103rd in the world.
Its total population is 6,875,400 in the year 2021. Its population rank is 106th in the world. Its population density is 63/km2. Its population density rank is 120th in the world.
Bulgaria’s currency is called the Bulgarian Lev and Euro. Bulgaria’s economy is generally called the developed and emerging and also the upper-middle-income economy.
The inflation rate in Bulgaria is 1.2% in the year 2020. 22% of its population lives below the poverty line. Its HDI rate is 0.816 in the year 2018. This HDI rate is considered the highest in the world.
Its HDI rank is 52nd in the world. The unemployment rate in Bulgaria is 5.5% in the year 2021. Its Gross external debt is $42 billion in the year 2017. Bulgarian total foreign reserves are $28 billion in the year 2017.
Its total GDP is $81 billion nominal and $174 billion (PPP) in the year 2021. Its GDP rank is 72nd (nominal) and 73rd (PPP) in the year 2020.
Bulgaria’s GDP growth rate is 4.5% in the year 2021. Its GDP per capita is $11,360 (nominal) and $26,450 (PPP) in the year 2021. Its GDP per capita rank is 68th (nominal) and 59th (PPP) in the year 2020.
When we talk about its GDP by sector, so agriculture is 5%, the industry is 28% and services are 67% in the year 2017.
Bulgaria’s total exports are $31 billion in the year 2020. Its main export goods are clothing, iron, machinery, fuels, and others. Its main export partners are Germany, Romania, Turkey, China, Spain, the Netherlands, and others.
Its total imports are $34 billion in the year 2020. Its main import goods are machinery, chemicals, metals, fuels, and others. Its main import partners are Russia, Germany, Turkey, China, Spain, Hungary, and others.
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