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Bulgaria

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Country summary

Capital

Sofia

Borders

Greece 494 km, Macedonia 148 km, Romania 608 km, Serbia 318 km, Turkey 240 km

Government type

parliamentary democracy

Population

7,204,687 (July 2010 est.)[1]

Population growth

-0.79% (2010 est.)[1]

Life expectancy

73.09 years[1]

Unemployment

9.1% (2009)[1]

Index of Economic Freedom

75[2]

Corruption Perceptions Index

71[3]

Doing Business ranking

44[4]


The Bulgars, a Central Asian Turkic tribe, merged with the local Slavic inhabitants in the late 7th century to form the first Bulgarian state. In succeeding centuries, Bulgaria struggled with the Byzantine Empire to assert its place in the Balkans, but by the end of the 14th century the country was overrun by the Ottoman Turks. Northern Bulgaria attained autonomy in 1878 and all of Bulgaria became independent from the Ottoman Empire in 1908. Having fought on the losing side in both World Wars, Bulgaria fell within the Soviet sphere of influence and became a People's Republic in 1946. Communist domination ended in 1990, when Bulgaria held its first multiparty election since World War II and began the contentious process of moving toward political democracy and a market economy while combating inflation, unemployment, corruption, and crime. The country joined NATO in 2004 and the EU in 2007.[1]

Economical characteristicsEdit

  • Currency: Lev (ISO code: BGN)
  • Central bank discount rate: 0.55% (31 December 2009)[1]
  • Commercial banks lending rate: 10.86% (31 December 2008)[1]
  • Stock of money (M1): $12.63 billion (31 December 2009)[1]
  • Quasi money (with M1 makes M2): $20.61 billion (31 December 2009)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 12 946 12 599 13 599 15 600 19 986 24 648 27 188 31 656 39 549 49 900
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7] 33.131 33.690 33.003 33.001 35.192 37.378 38.273 36.635 37.150 36.356
Govt. expenses (% of GDP)[8] 31.020 32.315 31.280 32.508 33.820 34.583 33.638 31.679 31.990 30.908
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Bulgaria", from The World Facebook. Referenced 2010-09-29.
  2. Heritage Foundation. "Bulgaria", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-29.
  3. Transparency International. "Bulgaria", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-29.
  4. Doing Business. "Bulgaria", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-29.
  5. World Bank. "Bulgaria: GDP", from World Bank Data. Referenced 2010-09-29.
  6. World Bank. "Bulgaria: government debt", from World Bank Data. Referenced 2010-09-29.
  7. World Bank. "Bulgaria: government revenue", from World Bank Data. Referenced 2010-09-29.
  8. World Bank. "Bulgaria: government expenses", from World Bank Data. Referenced 2010-09-29.

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