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Bulgaria

Located in the Balkans and bordered 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;
Bulgaria is the world’s 16th largest country with a surface land covering 100,994 square

kilometers.

Capital city is Sofia and national currency is Bulgarian Lev. The 3.6% real growth rate
country proclaimed itself independent from the Ottoman rule in 22
September 1908, and is currently governed as a parliamentary re- Bulgarian GDP is known to stand at 56.94 billion USD, with a
public. real growth rate of 3.6%. In terms of the sectors of the economy,
agriculture has a share of 4.3% in the GDP, while industry has a
Bulgaria is generally dominated by a mild climate, with cold and share of 28%, and services 67.4%. Main agricultural products of
humid winters and hot and dry summers. The country has an aver- the country include vegetables, fruits, tobacco, wine, wheat, bar-
age elevation of 472 meters from the sea level, and enjoys natural ley, sunflower, sugar beet and farm animals. Major markets in the
resources such as bauxite, copper, lead, zinc, charcoal, and timber. economy are electricity, gas, water, foods, beverages, tobacco, ma-
46% of Bulgarian lands are known to be agricultural lands; howev- chinery and equipment, automotive parts, base metals, chemicals,
er, rate of cultivable lands stand at 29% and forests at 36%. The coking coal, refined petroleum, and nuclear fuels. Unemployment
country also faces natural threats such as earthquake and landslide, rate currently stands at 6.2%.
as well as suffering from air pollution. With a strategic location due
to its proximity to Turkish straits, Bulgaria controls the main high- Export volume of 29.08 billion USD
ways stretching from Europe to Middle East and Asia.

25-34 age group is the most dominant With an inflation rate of 1.2%, Bulgaria’s public debt equals to
23.9% of its GDP. The country has an export volume of 29.08
age segment
Selected indicators for Bulgaria

With a population of over 6 million 966 thousand, 42.8% percent Population 6.966 million
of which consists of people between 25 and 34 years old. Share of GDP Per Capita 8.031 USD
other age groups are listed as follows: 0-14 at 14.5%, 15-24 at
9.4%, 55-64 at 13.1 percent, and over 65 at 20%. Bulgarian is Unemployment rate 6,2%
the official language of the country which harbors a population that GDP 56,94 billion USD
consists of Bulgarians, Turks, Romanians, Russians and Armenians. Public debt 23,9% of GDP
51% of the population are females and 48% are males. 98.4% of
the population is literate, and educational expenses equal to 4.1% Number of insurance companies 35
of the Bulgarian GDP. Toplam prim üretimi 2019/Kasım 1,5 billion USD
Reference: CIA, ABZ