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Bulgarian Industries and Economy - Coggle Diagram
Bulgarian Industries and Economy
Industries
Manufacturing & Construction
significant during socialism
has decreased since, but began growing again in 2000s
Steady growth
Biochemicals and computers in the 1980s
Food and tobacco suffered after socialism
Uneven individual performance.
Agriculture, Forest, & Fishing
Decreasing since socialism
Wheat, corn, barley
Exports tomatoes, cucumbers, peppers
Main industrial crops: sugar beets, sunflowers, tobacco
World leader of rose oil export
Wine export has grown since socialism
Fish farming expanded since 2000s
Energy
97th in the world in oil producing
Relies on imported gas and oil
Domestic production is coal, hydro, and nuclear
Slow energy conservation practices
Increase in renewables
Mining & Minerals
Declined since socialism
5% of GDP
Iron ore, manganese ore, copper ore, chromium ore, gold ore
One of top mining European countries
Service & Tourism
Mainly on the Black Sea coast
Increased since socialism
Ranks 38th for tourism
Services have more than doubled since socialism
Economy
Economic spectrum
Mixed economics
Capitalist leaning
Medium economic freedom (60-69.9)
Periods of development
1888-1945
Strong industrialisation
Militarily bound to Germany
Socialism
Continuation of industrialisation
Building tourist resorts
Poor economic performance in the 80s
Highly centralized
Post Socialism
Worsening economic conditions
Severe crisis
High debt
Loss of savings
Crisis in 1996
2000-2008
GDP increase higher than 6% per year
Consequences of the 2008 crisis led to -3,6% fall
2010-2020 + Pandemic
3.4% increase per year
2nd lowest public debt in the EU
4.2% unemployment - lower than average
Negative population growth
Decline in labor force
Health sector, high-tech sector, university sector are best
One of the few countries to grow in 2020 first quarter
Corruption
High awareness
51% of businesses see corruption as a problem
Sectors
Secondary - 27.5%
Tertiary 67.4%
Primary - 5.1%
Import & Export
Exports - petroleum, refined and unrefined copper, medicaments and wheat
Imports - petroleum, copper ores, medicaments, motor cars, and petroleum gasses
Partners - EU Countries, Turkey, and China
Current statistics
GDP - 132,744,000,000 Leva
GDP Per Capita - 19,192.32 Leva
Labor Force - 3,290,300
Unemployment rate - 5.1%
Inflation rate - 3.3%