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Bulgarian Industries and Economy - Coggle Diagram
Bulgarian Industries and Economy
Economic Statistics
GDP per capita
19.192.32 Leva (in 2020)
15,964 Leva (in 2023)
Labor Force
3,290,300 (in 2020)
3,080,500 (in 2023)
Unemployment rate
5.5% (in 2023)
5.1% (in 2020)
Inflation rate
3.3% (in 2020, but increased about 5 times)
14.1% (in 2022)
Gross Domestic Product (GDP)
132.744 Billion Leva (in 2020)
155.426 Billion Leva (in 2023)
Main industry branches/ industries
Manufacturing and Construction
significant during the Socialism
lowering production in the 2000s
recent days - increasing of the sector, more production of tobacco
Energy
increase in renewable resources
more wind power
more solar power
relying mainly on:
coal
nuclear power
hydropower
Service and Tourism
generally increased since the end of the Socialism
2/3 of Bulgaria's GDP comes from the tourism and service sector
Mining and minerals
declined since the end of the Socialism
Bulgaria - one of the top mining countries in Europe
Agriculture, Forest and Fishing
decreasing since the end of Socialism
rose oil expert №1 in the world
fish farming industry increased in the recent years
Individual economic freedom
1.7% decrease
Decrease of Bulgaria to a lower category of individual economic freedom
Until 2022 - 70-79.9 (light green category)
In 2023 - 60-69.9 (yellow category)
Decrease in:
Regulatory Efficiency
Government Size
Rule of Law
Open Markets
Economic system (mixed) - more towards the free market system
Socialist leaning - Command ecocnomy
good healthcare system
bureaucratic system
Capitalist leaning - Pure free market economy
part of the EU
principles of the free market
large private sector
smaller public sector
industrialized upper - middle - income