$81 billion (nominal, 2021 est.) $175 billion (PPP, 2021 est.)
Contents
Why Bulgaria is so poor?
Causes and recommendations. The IME says the biggest causes of deep poverty in Bulgaria are a lack of education and low wages. When the unemployed do manage to get work, they are paid on average only 18.4% more than they would receive on welfare benefits.
How much is Bulgaria in debt?
In 2020, the national debt of Bulgaria amounted to around 17.41 billion U.S. dollars.
What is the biggest industry in Bulgaria?
Industry of Bulgaria
| Industrial production | |
|---|---|
| Main industries | Metallurgical industry, electricity, electronics, machinery and equipment, shipbuilding, petrochemicals, cement and construction, textiles, food and beverages, mining, tourism |
| Industrial growth rate | 5.5% (2007) |
| Labor force | 33.6% of total labor force |
Is Bulgaria a good country?
Bulgaria is a pretty safe country and, in fact, one of the most peaceful and safe countries in the world. It’s a nation of friendly people and low levels of violent crime.
Are people in Bulgaria rich?
The World Bank classifies Bulgaria as an upper-middle income nation.Bulgaria has a well-educated workforce, but it is considered the poorest nation in the European Union.
How corrupt is Bulgaria?
Transparency International’s 2017 Corruption Perceptions Index ranked the country 71st out of 180 countries, and the most corrupt in the European Union. Transparency International’s 2018 Corruption Perceptions Index also ranked Bulgaria as the most corrupt member of the European Union, placing it 77th in the world.
What type of economy is Bulgaria?
Bulgaria has undergone a significant transformation over the past three decades. It has moved from a highly centralized, planned economy to an open, market-based, upper-middle-income economy securely anchored in the European Union (EU).
Is Bulgaria a developing country?
Bulgaria is a developing country, with an upper-middle-income economy, ranking 56th in the Human Development Index.Widespread corruption is a major socioeconomic issue; Bulgaria ranked as the most corrupt country in the European Union in 2018.
What is Russia’s debt to GDP?
Russia’s debt ratio is one of the lowest in the world at 19.48% of its GDP
Is Bulgaria richer than Russia?
Bulgaria has a GDP per capita of $21,800 as of 2017, while in Russia, the GDP per capita is $27,900 as of 2017.
How does Bulgaria make its money?
The strongest sectors in the economy are energy, mining, metallurgy, machine building, agriculture and tourism. Primary industrial exports are clothing, iron and steel, machinery and refined fuels.
What is Bulgaria famous for?
Bulgaria is worldwide famous for its folklore and opera singers and musicians and it is especially proud of its rich folklore traditions. Folk music and dances, national costumes and traditional rituals have an important place in the life of the Bulgarians.
Are Bulgarians smart?
Bulgarians rank second among the most intelligent peoples in the world, overtaken only by the Israelis, shows data of the country’s office of Mensa, the organization established to identify and foster human intelligence for the benefit of humanity.There are some 100,000 Mensans in 100 countries throughout the world.
How many British live in Bulgaria?
At last count, nearly 9,500 Brits have officially made the move to Bulgaria, where their hard-earned savings go a lot further than in the UK. Another estimated 2,000-6,000 live in Bulgaria part-time, and are thus not registered as permanent residents.
Do they speak English in Bulgaria?
A number of foreign languages are spoken in Bulgaria. Russian is the most commonly spoken foreign language in the country. 35% of the country’s population claim to possess a workable knowledge of this language. English is the second most common foreign language in Bulgaria.
Is Bulgaria the poorest country in Europe?
Europe is the world’s second-smallest continent, with an area of 10,180,000km² (3,930,000 square miles). Europe is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere.
Poorest Countries in Europe 2021.
| Country | Bulgaria |
|---|---|
| GNI Per Capita USD | $9,540 |
| GDP Per Capita USD | $9,975.78 |
| GDP Total (USD Millions) | $69.11 Bn |
How many millionaires are in Bulgaria?
According to sociologists from Market Link polling agency, millionaires in Bulgaria nearly total 10 thousand.
Is Bulgaria a bad country?
Bulgaria is a very safe country. It scores high marks on the Global Peace Index of 2020, has a generally low level of serious crime, no real political upsets, and a complete lack of any terrorist threat.
What is the crime rate in Bulgaria?
Bulgaria crime rate & statistics for 2017 was 1.45, a 31.29% increase from 2016.
Bulgaria Crime Rate & Statistics 1990-2021.
| Bulgaria Crime Rate & Statistics – Historical Data | ||
|---|---|---|
| Year | Per 100K Population | Annual % Change |
| 2018 | 1.30 | -10.03% |
| 2017 | 1.45 | 31.29% |
| 2016 | 1.10 | -36.88% |
Is Bulgaria EU?
Is Bulgaria in Schengen or the E.U.? Like most E.U. member states, with a very few exceptions (Britain, Ireland, Romania and Cyprus are examples), Bulgaria is a member of the E.U.
