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Bulgarian Industries and the Economy - Coggle Diagram
Bulgarian Industries and the Economy
Economic Sectors
Secondary
Industries: Energy sector, textile, construction,
around 25%
Tertiary
Industries: Tourism, IT, services
around 65%
Primary
Industries: clothing, iron, lead, zinc, copper, steel, machinery, refined fuels.
around 10%
Problems
Corruption
Slower GDP growth
Rise in debt percentage
Emigrant crisis
Development
IT sector
Development of free market based economy
Good opportunity for foreign investment
Imports and Exports
Exports
Petroleum oils
Refined and unrefined copper
Medicaments
Wheat
Imports
Petroleum oils
Copper ores
Medicaments
Motor cars
Petroleum gases
Partners
Russia
China
Turkey
GDP and GDP per capita
GDP
$66,250,000,000 (66.250 billion)
GDP per capita
$17,925,000,000 (17.925 billion)
History
1888-1945
Limited economic development
State of recovery
Military economy bound to Germany
Suffering decline during WWII
Socialism era
Industrialization
Private markets are more popular
Development in economic sectors and technology
Following socialist policies
Poor economic performance and retraction
Post-socialism (1990s)
Transition to open market economy
Restructuring and severe economic crisis
High debt rates
Food shortages
Inflation
2000-2008
More foreign investment
Regrowth from Post-socialist era
2008 depression taking a toll
2010-2020
Reaching Socialist era rates and development in 2010
Economic recovery
Growing GDP
Lower public debt rates
Pandemic
Rise of debt
Stunt in economic development
Quick bounce back afterwards, coming back to a growing economy