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Bulgaria

As a country located in the Balkans, Bulgaria is surrounded by Serbia and Macedonia to
the west, Black Sea to the east, Romania to the north, Greece to the south, and Turkey
to the southeast. It is the 16th largest country in Europe with a surface area of 110,994

square kilometers.

Capital city of Bulgaria is Sofia, and their currency is Bulgarian industry gets a share of 28 percent and service sector gets 67.4
Lev. The country declared independence from Ottoman Empire percent. Major agricultural products of the country include veg-
as of 22 September 1908 and is now governed as a unitary par- etables, fruits, tobacco, wine, wheat, barley, sunflower, sugar
liamentary republic. beet and farm animals. Electricity, gas, water, food and bever-
age, tobacco, machinery and equipment, automotive parts, base
Bulgaria has moderate climatic conditions with cold and humid metals, chemicals, coke, refined petroleum and nuclear fuels are
winters, and hot and dry summers. Average height of the country the leading businesses in Bulgaria. Unemployment rate currently
is 472 meters. It enjoys the presence of natural resources such stands at 6.2 percent.
as bauxite, copper, lead, zinc, coal and lumber. 46 percent of
Bulgarian lands are agricultural lands. Cultivable areas cover 29 Total volume of experts stand at 31.43
percent of Bulgarian lands, while forests cover 36 percent. The
country is prone to natural perils such as earthquake and land- billion USD
slide; but air pollution is also among significant threats. Due to
its close proximity to Turkish straits, Bulgaria controls the main Bulgaria’s inflation rate is 1.2 percent, while public debt equals
highways between Europe to Middle East and Asia.
to 23.9 percent of the GDP. With total volume of exports stand-
ing at 29.08 billion USD, Bulgaria’s major export partners are
Women account for 51.3 percent of Germany, Italy, Romania, Turkey, Greece, Belgium, and France.
the population Primary export products include clothing, shoes, iron, steel, fu-
els, agricultural products, tobacco and IT tools. Import volume
stands at 31.43 billion USD; and major import products are
With a population of over 7 million 102 thousand people, Bul- machinery and equipment, metals, chemicals, plastics and fuels.
garia is dominated by young adults between 25 and 34 years Major import partners include Germany, Italy, Russia, Turkey,
old with a share of 43.12 percent. Children younger than 15 Spain and Greece.
account for 14.6 percent of the population; while the age range
of 15 to 24 years old account for 9.43 percent, people between
55 and 64 account for 13.3 percent, and people older than 64 Selected indicators for Bulgaria
account for 19.5 percent. Dominant language is Bulgarian; and
the population consists of Bulgarian, Turkish, Roman, Russian Population 7.102 million
and Armenian people. Women account for 51.3 percent of the GDP Per Capita 8.031 USD
population, while men account for 48.7 percent. Educational ex- Unemployment rate 6,2%
penses is equal to 4.1 percent of the GDP; and 98.4 percent of
Bulgarian population is literate. GDP 56,94 billion USD
Public debt 23,9% of GDP
Unemployment rate is 6.2 percent Number of insurance 37

companies
Bulgaria’s GDP is known to stand at 56.94 billion USD and its Total premium production in 1.1 billion USD
real growth rate is 3.6 percent. As to the distribution of GDP 2018/Q3
by sectors, we see that agriculture gets a share of 4.3 percent, Source: CIA