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Includes historical data for Bulgaria’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

A Diversified Economy With Strong Agriculture And Manufacturing

Once a communist state, Bulgaria has gradually transformed into a market-oriented, fast-growing economy, joining the EU in 2007. With a population of around 6.5 million, Bulgaria boasts a diversified agricultural, manufacturing and industrial base, as well as remarkable growth in the information technology, technical support and business process outsourcing industries. Furthermore, with the Bulgarian lev pegged to the euro and the absence of legal constraints on foreign ownership or control of firms, numerous U.S. and European companies have established global and regional service centers in the country.

However, Bulgaria still grapples with significant challenges, including entrenched corruption and bureaucratic inefficiencies, inadequate infrastructure, and having the EU’s lowest per-capita income. Labor shortages, a substantial informal economy and low labor productivity rates are additional concerns. A heavy dependence on energy imports poses further hurdles.

Macroeconomy & Sovereign Data

Type of Government Parliamentary republic
Capital Sofia
Sovereign Ratings S&P: BBB
Moody’s: Baa1
Fitch: BBB
Total Population 6.4 million
Median Age 41.1
Adult Per Capita Income (PPP) 30,333.84
Total GDP (2023) 107.9 billion

Bulgaria GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 53.1 billion (2023)
Leading Exports Copper
Refined Petroleum
Packaged Medicines
Total Imports USD 54.9 billion (2022)
Leading Imports Crude Petroleum
Packaged Medicines
Refined Petroleum
Source: World Integrated Trade Solution

Bulgaria Leading Companies

United Bulgarian Bank Financials
First Investment Bank Financials
Texim Bank Financials
Chimimport Materials, Chemicals
Vivacom Telecommunications Services
Bulgarian Energy Holding Electric Utilities, Coal & Consumable Fuels
Fantastico Consumer Staples, Food Retail

Major Trade Partners — Import

Germany 12%
Türkiye 8%
Russia 8%
Romania 8%
Italy 7%

Source: World Integrated Trade Solution

Major Trade Partners — Export

Germany 15%
Romania 10%
Italy 8%
Greece 7%
Türkiye 6%

Source: World Integrated Trade Solution

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000