Bulgaria FlagBulgaria

Union Makes Strength.

 

General


Population: 6,924,716 (2014), 6,981,642 (2013)
Land Area: 110,910 sq km
Natural Resources: Bauxite, copper, lead, zinc, coal, timber, arable land
Capital: Sofia
Political System: Parliamentary Democracy
State Leader: Rosen Plevneliev (January 22nd 2012)
Head of Government: Plamen Oresharski (May 29th 2013)
Languages: Bulgarian, Turkish, Roma
Currency: Lev (BGL)
Major Religions: Bulgarian Orthodox 82.6%, Muslim 12.2%, Other Christian 1.2%, Other 4%
Major Ethnicities: Bulgarian 83.9%, Turk 9.4%, Roma 4.7%, Other 2%<
Life Expectancy: 74.33 years (2014), 74.08 years (2013)

Economy


GDP Official Exchange Rate: 53.7 billion (2013), 50.81 billion (2012)
GDP Purchasing Power Parity: 104.6 billion (2013), 103.7 billion (2012)
GDP Per Capita (PPP): 14,400 (2013), 14,200 (2012)
GDP Growth Rate: 0.5% (2013), 1% (2012)
GDP Structure: Agriculture 6.7%, Industry 30.3%, Services 63% (2013)
Labour Force By Occupation: Agriculture 7.1%, Industry 35.2%, Services 57.7% (2009)
Industries: Electricity, gas, water; food, beverages, tobacco; machinery and equipment, base metals, chemical products, coke, refined petroleum, nuclear fuel
Agriculture Products: Vegetables, fruits, tobacco, wine, wheat, barley, sunflowers, sugar beets; livestock
Human Development Index: 0.777 (58th)(2014), 0.782 (57th)(2013)
Tourism Revenue: 2.72 billion (2004)
Unemployment Rate: 11.6% (2013)

MilitaryBulgaria Map


Army Size: 51 000 (2004)
Budget: 2.6% of GDP (2005)

Current Situation

 

Bulgaria is located in the Balkans, Bulgaria is bordered by Romania, Serbia, Macedonia, Greece and Turkey. Bulgaria is a member of the European Union and NATO. Bulgaria's economy is growing steadily , but inflation and corruption remain a problem.

(2014) Bulgaria's Prime Minister resigned on July 23rd 2014 following a banking crisis and a dispute with the European Union over the details of a gas deal with Russian gas giant OAO Gazprom. Bulgaria has also had to contend with a banking crisis and a deal to build a new nuclear reactor will likely be delayed due to the collapse of the government. Unless new elections can determine a clear winner or a stronger coalition Bulgaria's growth will continue to be negatively impacted by a disfunctional parliament.

Thoughts & Comments

 

Sources

CIA World Factbook: Bulgaria
The Economist: The World In 2014
Wikipedia: Bulgaria
http://hdrstats.undp.org/en/countries/profiles/BGR.html
http://online.wsj.com/articles/bulgarias-prime-minister-resigns-amid-banking-crisis-1406136294

Updated on: July 26th, 2014