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Bulgarian Industries and Economy - Coggle Diagram
Bulgarian Industries and Economy
Main Economic Characteristics
stable
financial policy is solid
debt to GDP at close to 22%
Manufacturing & Construction Industry
generally decreased since socialism, but important at the time
slowly began to grow in 2000s
mainly computers and biochemicals
the performance of individual manufacturing markets is uneven
Important Historical Periods of Development
1888-1945
State of recovery, an economy bound to Germany
Socialism era
Continued industrialisation
Private initiatives became state-regulated
No free market trade
Modernisation of infrastructure
Developing tourism
Soviet-model of economic development
decline of economy after 1987
Post Socialism (1990s)
Open market based economy
Inflation
High debt
economic restructuring
introduction of currency board
improved living standards
2000-2008
Increase of GDP by 6% (yearly)
increased unemployment
2010-2020
Recovery in terms of GDP
debt crisis of EU
growing household consumption
demographic crisis
increased income inequality
Key Economic Statistics
GDP Annual Growth Rate: 2.31%
Unemployment Rate: 5.1%
Corporate Tax Rate: 10%
Inflation Rate: 16%
Government Debt to GDP: 23%
GDP: 132.744 billion
GDP per capita: 19,192.32
Energy Industry
domestic production: coil, hydropower, nuclear + imported oil and gas
increase in renewable sources and energy conservation practices
Service & Tourism Sector
tourism has a slowly increasing trend, producing more and more of the GDP
since the end of Socialism, the tourism flow has diversified and the focus is not only on the Black Sea cost
the revenue from services has doubled since the end of socialism
Agriculture, Forest, & Fishing Industry
general decline
areas of growth
fish-farming, wine export
main crops
wheat, corn, barley
main exports
tomatoes, cucumbers, peppers
main industrial crops
: sugar beets, sunflower, tobacco
leader in export of rose oil
Mining & Minerals Industry
declined since the end of socialism
one of the top mining countries in Europe
common deposits
iron, manganese, copper, chromium, and gold ores
GDP Output by Industry
leading
Mining + manufacturing + electricity + water supply + waste management
Retail trade + transportation and storage + accomodation + food services
Education + human health and social work + social security + public administration
Real estate activities
minor
Arts + entertainment
Agriculture, forestry, and fishing
Construction
Financial and insurance activities
Employment Rates
leading areas
Retail trade + transportation and storage + accomodation + food services
Mining + manufacturing + electricity + water supply + waste management
Agriculture, forestry, and fishing
minor areas
Financial and insurance activties
Real estate activities
Arts + entertainment