Bulgaria

Description of Bulgaria

Bulgaria, situated in southeastern Europe, boasts a rich history dating back to ancient civilizations. As a member of the European Union and NATO, the country plays a pivotal role in regional geopolitics. Known for its diverse landscapes ranging from mountains to the Black Sea coast, Bulgaria offers a unique blend of culture and natural beauty. With a growing economy and strategic location, Bulgaria is a country of great interest for analysts and policymakers alike.

Population And Age Structure

1. Population, total: Bulgaria's population is 6,934,015, which is below the average population of 40,097,746. Bulgaria ranks 103rd out of 194 countries in total population.

2. Population ages 0-14 (% of total population): Bulgaria's population aged 0-14 is 14.02%, lower than the average of 27.34%. Bulgaria ranks 184th out of 194 countries in this age group.

3. Population ages 0-14, total: In Bulgaria, the total population aged 0-14 is 972,082, significantly lower than the average of 10,327,380. Bulgaria ranks 123rd out of 194 countries in this category.

4. Population ages 15-64 (% of total population): Bulgaria's population aged 15-64 constitutes 63.72% of the total population, slightly above the average of 63.44%. Bulgaria ranks 112th out of 194 countries in this age group.

5. Population ages 15-64, total: The total population aged 15-64 in Bulgaria is 4,418,066, below the average of 26,003,407. Bulgaria ranks 104th out of 194 countries in this demographic.

6. Population ages 65 and above (% of total population): Bulgaria's population aged 65 and above makes up 22.27% of the total population, significantly higher than the average of 9.22%. Bulgaria ranks 6th out of 194 countries in this age bracket.

7. Population ages 65 and above, total: The total population aged 65 and above in Bulgaria is 1,543,867, below the average of 3,766,959. Bulgaria ranks 57th out of 194 countries in this group.

Summary

Bulgaria has a below-average total population, with a significantly lower percentage of children (aged 0-14) and a higher percentage of elderly citizens (aged 65 and above) compared to the global average. This demographic distribution is crucial as it reflects potential challenges in terms of workforce dynamics, healthcare needs, and long-term social welfare considerations for Bulgaria.

Population Miscellaneous

1. The Rural population in Bulgaria is 1,685,936, which is significantly below the average of 18,044,041. Bulgaria ranks 111 out of 190 countries in this dataset.

2. Bulgaria's Rural population (% of total population) is 24.314%, below the average of 41.158%. The country ranks 135 out of 190 countries in this metric.

3. Bulgaria's Urban population stands at 5,248,079, well below the average of 22,425,747. Bulgaria ranks 89 out of 194 countries for Urban population.

4. With an Urban population (% of total population) of 75.686%, Bulgaria surpasses the average of 59.690%. The country ranks 60 out of 194 countries in this aspect.

5. The Age dependency ratio in Bulgaria is 56.95%, slightly below the average of 59.22%. Bulgaria holds the 83rd rank out of 194 countries for this ratio.

6. Bulgaria's Birth rate, crude, at 8.5 per 1,000 people, is significantly lower than the average of 19.384. The country ranks 181 out of 192 countries in terms of crude Birth rate.

7. Bulgaria's Death rate, crude, at 18 per 1,000 people, exceeds the average of 8.21. However, it secures the 1st rank out of 192 countries for crude Death rate.

8. The Fertility rate in Bulgaria is 1.56 births per woman, lower than the average of 2.60. Bulgaria ranks 145 out of 190 countries in terms of Fertility rate.

Summary

In summary, Bulgaria has a relatively small rural population compared to the global average, with higher urban population and age dependency ratio. The country also exhibits significantly lower birth rates but a higher crude death rate compared to the global averages. This unique demographic profile suggests potential challenges in terms of workforce sustainability, economic growth, and healthcare provision in Bulgaria.

Military

Analysis of key military and defense statistics for Bulgaria:

1. Military expenditure (current USD): Bulgaria's military expenditure is $1.12 billion, ranking 68th out of 149 countries. This is significantly below the average military expenditure of $12.90 billion among the countries included in the data.

2. Military expenditure (% of GDP): Bulgaria allocates 1.59% of its GDP to military spending, ranking 72nd out of 148 countries. This percentage is lower than the average of 1.90%.

3. Arms imports (SIPRI trend indicator values): With arms imports standing at $44 million, Bulgaria ranks 59th out of 113 countries. The country's imports are notably lower than the average of $205.52 million.

4. Arms exports (SIPRI trend indicator values): Bulgaria's arms exports amount to $3 million, placing it at 33rd out of 34 countries. This export value is significantly below the average of $705.71 million.

5. Armed forces personnel, total: Bulgaria has 37,000 total armed forces personnel, ranking 82nd out of 164 countries. This number is lower than the average of 165,909 personnel.

6. Armed forces personnel (% of total labor force): The percentage of Bulgaria's total labor force in the armed forces is 1.12%, placing it 58th out of 164 countries. This percentage is slightly below the average of 1.28%.

Summary

In summary, Bulgaria's military expenditure, arms imports, arms exports, total armed forces personnel, and percentage of armed forces in the total labor force all rank below average compared to other countries analyzed. These indicators suggest that Bulgaria has a relatively modest military presence and defense capabilities compared to its peers. This is important as it reflects Bulgaria's strategic priorities, resource allocation decisions, and potential vulnerabilities in terms of national defense and security.

Natural Resources

• Bulgaria has a forest area of 38,930 sq. km, which is below the average of 211,606.115 sq. km, ranking 78th out of 191 countries in the dataset.

• The land area of Bulgaria is 108,560 sq. km, also below the average of 665,166.512 sq. km, ranking 101st out of 194 countries.

• Bulgaria's surface area is 111,000 sq. km, below the average of 689,779.561 sq. km, ranking 104th out of 194 countries.

• With 3,492,000 hectares of arable land, Bulgaria falls below the average of 7,329,543.164 hectares, ranking 62nd out of 190 countries.

• The land under cereal production in Bulgaria is 1,966,050 hectares, below the average of 4,206,011.632 hectares, ranking 55th out of 174 countries.

• Bulgaria receives an average precipitation depth of 608 mm per year, below the average of 1,157.832 mm per year, placing it 128th out of 178 countries.

• The renewable internal freshwater resources in Bulgaria total 21 billion cubic meters, significantly lower than the average of 240.411 billion cubic meters, ranking 101st out of 178 countries.

Summary

Bulgaria's key macroeconomic indicators reveal that it has a below-average forest area, land area, surface area, arable land, land under cereal production, precipitation depth, and renewable freshwater resources compared to global averages. These statistics signify the country's limited natural resource base which could potentially impact its agricultural productivity, water availability, and overall environmental sustainability. Addressing these resource constraints could be crucial for Bulgaria's long-term economic development and resilience.

Resource Rents

1. Total natural resources rents (% of GDP): Bulgaria's value is 0.62, which is considerably below the average of 4.63. This places Bulgaria at rank 114 out of 175 countries included in the data.
2. Coal rents (% of GDP): Bulgaria's value is 0.06, below the average of 0.40. This places Bulgaria at rank 27 out of 65 countries included in the data.
3. Forest rents (% of GDP): Bulgaria's value is 0.20, significantly below the average of 1.53. This places Bulgaria at rank 94 out of 174 countries included in the data.
4. Oil rents (% of GDP): Bulgaria's value is 0.01, far below the average of 2.51. This places Bulgaria at rank 93 out of 117 countries included in the data.
5. Natural gas rents (% of GDP): Bulgaria's value is 0.002, significantly below the average of 1.25. This places Bulgaria at rank 82 out of 96 countries included in the data.
6. Mineral rents (% of GDP): Bulgaria's value is 0.35, below the average of 1.23. This places Bulgaria at rank 40 out of 86 countries included in the data.

Summary

Bulgaria exhibits below-average values across various natural resource rents indicators, such as total natural resources rents, coal rents, forest rents, oil rents, natural gas rents, and mineral rents. These lower rankings suggest that Bulgaria might not be fully capitalizing on its natural resource potential compared to other countries. As natural resources can play a significant role in economic development and stability, optimizing the utilization of these resources could strengthen Bulgaria's economy and enhance its competitiveness on the global stage.

Commodities

When it comes to Cereal production, Bulgaria's production of 8,598,290 metric tons is significantly below the average of 17,249,945. Bulgaria ranks 41st out of 174 countries in this attribute.

In Aquaculture production, Bulgaria's output of 15,051.79 metric tons is far lower than the average production of 679,642.92 metric tons. Bulgaria holds the 70th rank out of 180 countries.

Regarding Capture fisheries production, Bulgaria's 6,295.8 metric tons is well below the average of 467,453.06 metric tons. Bulgaria ranks 144th out of 190 countries in this category.

In Total fisheries production, Bulgaria's production of 21,347.59 metric tons is below the average of 1,153,914.85 metric tons. Bulgaria holds the 124th rank out of 182 countries.

As for Fertilizer consumption, Bulgaria's usage of 139.23 kilograms per hectare of arable land is slightly below the average consumption of 159.04 kilograms. Bulgaria ranks 69th out of 187 countries in this aspect.

Summary

Bulgaria lags behind global averages in key agricultural and fisheries production metrics such as cereal production, aquaculture, capture fisheries, and total fisheries production. However, in terms of fertilizer consumption, Bulgaria's usage is slightly below the global average. These indicators are crucial as they reflect Bulgaria's efficiency and performance in vital sectors of its economy, impacting food security, trade competitiveness, and overall economic development.

Intellectual Property

In terms of Industrial design applications by nonresident, Bulgaria has 248 applications, well below the average of 1415.83 applications. This places Bulgaria at rank 61 out of 112 countries.

With 534 Industrial design applications by residents, Bulgaria is significantly below the average of 9799.58 applications. Bulgaria ranks 41 out of 113 countries included in the data.

Regarding Patent applications by nonresidents, Bulgaria filed only 7 applications, far less than the average of 6538.40 applications. This places Bulgaria at rank 106 out of 129 countries.

Bulgaria's 239 Patent applications by residents are also notably below the average of 19037.56 applications. This places Bulgaria at rank 57 out of 117 countries.

For Trademark applications by nonresidents, Bulgaria submitted 3531 applications, below the average of 15878.93 applications. Bulgaria ranks 83 out of 130 countries included in the data.

With 10791 Trademark applications by residents, Bulgaria is below the average of 111055.78 applications. This places Bulgaria at rank 47 out of 129 countries.

Bulgaria's 4118.23 Scientific and technical journal articles are below the average of 15103.76 articles. Bulgaria ranks 58 out of 192 countries included in the data.

In terms of Charges for the use of intellectual property payments, Bulgaria paid $264,050,000, significantly lower than the average of $3,218,843,494.39. This places Bulgaria at rank 54 out of 143 countries.

For Charges for the use of intellectual property receipts, Bulgaria received $144,670,000, below the average of $3,191,687,117.58. Bulgaria ranks 39 out of 122 countries included in the data.

Bulgaria has 2377.56 Researchers in R&D per million people, slightly below the average of 2556.45 researchers. Bulgaria ranks 30 out of 72 countries in the data set.

Summary

Bulgaria's performance in key macroeconomic indicators such as Industrial design applications, Patent applications, Trademark applications, Scientific and technical journal articles, Charges for the use of intellectual property, and Researchers in R&D per million people falls below global averages in each category according to the data. This suggests a potential lag in innovation and intellectual property generation within the country, which could impact its competitiveness, economic growth, and ability to attract foreign investment.

Broad Economy Attributes

Regarding GDP (current US$), Bulgaria's value is $70,368,758,395.14 which is significantly below the average of $442,870,224,838.68. Bulgaria ranks 70th out of 189 countries in this category.

For GDP, PPP (current international $), Bulgaria's value is $178,455,323,145.46, also notably lower than the average of $734,141,122,350.78. Bulgaria holds the 71st rank out of 181 countries.

In terms of GDP per capita (current US$), Bulgaria's value is $10,148.34, below the average of $15,462.11. This places Bulgaria at the 66th position out of 190 countries.

For GDP per capita, PPP (current international $), Bulgaria's value of $25,736.22 is higher than the average of $21,251.89. Bulgaria ranks 55th out of 181 countries in this aspect.

Concerning GNI (current US$), Bulgaria's value is $67,958,245,050.52, significantly beneath the average of $452,040,815,370.70. Bulgaria ranks 69th out of 185 countries for this metric.

For GNI, PPP (current international $), Bulgaria's value is $172,342,256,101.62, considerably lower than the average of $730,698,223,823.47. Bulgaria holds the 70th rank out of 181 countries.

Regarding GNI per capita, PPP (current international $), Bulgaria's value is $24,850, above the average of $20,615.75. Bulgaria ranks 54th out of 181 countries in this indicator.

Summary

Bulgaria's macroeconomic indicators, including GDP, GDP per capita, and GNI, consistently fall below global averages, indicating the country's economic performance lags behind many others. This suggests that Bulgaria may face challenges in achieving higher standards of living, economic growth, and global competitiveness compared to the average of 189 countries. Addressing these disparities and implementing policies to boost economic development and per capita income could be crucial for Bulgaria's long-term prosperity and sustainable development.

Broad Value Added

Bulgaria's Gross value added at basic prices (GVA) is $61.04 billion, which is below the average of $360.07 billion, ranking 66th out of 176 countries.

In terms of Agriculture, forestry, and fishing, value added as a percentage of GDP, Bulgaria contributes 3.49%, lower than the average of 10.86%, ranking 124th out of 182 countries.

Bulgaria's Agriculture, forestry, and fishing, value added in current US dollars is $2.46 billion, less than the average of $19.92 billion, placing Bulgaria 102nd out of 182 countries.

Services value added as a percentage of GDP in Bulgaria is 61.43%, above the average of 56.72%, ranking 59th out of 183 countries.

When considering Services value added in current US dollars, Bulgaria's contribution is $43.23 billion, falling short of the average of $295.84 billion, placing Bulgaria 68th out of 183 countries.

Regarding Industry (including construction) value added in current US dollars, Bulgaria's value is $15.36 billion, below the average of $118.42 billion, ranking 78th out of 183 countries.

Summary

Bulgaria's economy appears to be lagging behind global averages in key sectors such as agriculture and industry. However, the country shows strength in the services sector, surpassing the global average in both percentage contribution to GDP and value added in current US dollars. These statistics are crucial as they highlight Bulgaria's economic structure, emphasizing the need for potential adjustments and strategic investments to enhance competitiveness and sustainable growth.

Manufacturing Value Added

For Medium and high-tech manufacturing value added (% manufacturing value added), Bulgaria's value of 30.39% is above the average of 24.49%. This places Bulgaria at rank 51 out of 149 countries in the dataset.

Chemicals (% of value added in manufacturing) in Bulgaria stands at 6.09%, below the average of 11.56%. Bulgaria ranks 67 out of 89 countries for this attribute.

Food, beverages, and tobacco (% of value added in manufacturing) in Bulgaria is at 17.58%, which is below the average of 24.51%. This places Bulgaria at rank 54 out of 92 countries.

For Machinery and transport equipment (% of value added in manufacturing), Bulgaria's value is 20.57%, above the average of 16.85%. Bulgaria ranks 34 out of 93 countries in this category.

Textiles and clothing (% of value added in manufacturing) in Bulgaria is at 9.15%, above the average of 6.33%. Bulgaria holds rank 19 out of 93 countries for this attribute.

Other manufacturing (% of value added in manufacturing) is prominent in Bulgaria at 46.61%, surpassing the average of 42.13%. Bulgaria ranks 32 out of 94 countries in this aspect.

Summary

Bulgaria demonstrates strength in medium and high-tech manufacturing, machinery and transport equipment manufacturing, textiles, and other manufacturing sectors, as indicated by value added percentages above global averages. These rankings suggest Bulgaria's relatively competitive position in these industries compared to other countries. Such strengths are crucial for Bulgaria's economic diversification, export competitiveness, and overall industrial development.

Money

1. Inflation, consumer prices (annual %): Bulgaria's inflation rate is 1.67%, below the average of 8.26%. This places Bulgaria at rank 94 out of 165 countries.

2. Inflation, GDP deflator (annual %): With an inflation rate of 4.26%, Bulgaria is below the average of 6.90%. The country holds the 57th position out of 188 countries.

3. Broad money growth (annual %): Bulgaria's broad money growth stands at 10.88%, lower than the average of 18.03%. The country is ranked 89 out of 139 countries.

4. Broad money (% of GDP): Bulgaria's broad money as a percentage of GDP is 94.30%, higher than the average of 71.75%. This positions Bulgaria at rank 32 out of 139 countries.

5. Broad money to total reserves ratio: Bulgaria's ratio is 1.75, below the average of 5.17. The country holds the 98th position out of 126 countries in this metric.

Summary

Bulgaria's key macroeconomic indicators show a mixed performance: it has relatively low inflation rates compared to global averages, but its broad money metrics are not as favorable. Ranking positions indicate Bulgaria's standing in comparison to other countries across these indicators. These statistics are important as they provide insight into Bulgaria's economic stability, monetary policy effectiveness, and international competitiveness.

Consumption Expenditure

Analysis of key statistics for Bulgaria:

1. Final consumption expenditure (current US$): Bulgaria's value of 54,691,332,126.3797 is significantly below the average of 381,630,252,515.3805. This places Bulgaria at rank 67 out of 159 countries.

2. Final consumption expenditure (% of GDP): Bulgaria's value of 77.72% is below the average of 82.37%. Bulgaria is ranked 95 out of 159 countries for this statistic.

3. General government final consumption expenditure (current US$): At 13,653,405,945.2199, Bulgaria is below the average of 93,676,578,238.03342. This places Bulgaria at rank 63 out of 158 countries.

4. General government final consumption expenditure (% of GDP): Bulgaria's value of 19.40% is above the average of 18.71%. Bulgaria is ranked 65 out of 158 countries for this metric.

5. Household and NPISHs Final consumption expenditure (current US$): Bulgaria's value of 41,037,926,181.1598 is below the average of 290,127,571,157.693. This places Bulgaria at rank 66 out of 158 countries.

6. Households and NPISHs final consumption expenditure (% of GDP): At 58.32%, Bulgaria is below the average of 63.68%. Bulgaria is ranked 97 out of 158 countries for this particular statistic.

Summary

Overall, Bulgaria's final consumption expenditure, both in absolute terms and as a percentage of GDP, is below the global average. The country ranks lower among its peers in terms of general government and household consumption expenditure. These indicators suggest that Bulgaria may have lower levels of domestic consumption compared to other countries, which could impact economic growth and development.

Equities

In Bulgaria, the total number of listed domestic companies is 259, which is below the average of 636.625. Bulgaria ranks 26th out of 72 countries in this aspect.

The total value of stocks traded in Bulgaria is $212,590,000, significantly lower than the average of $1,379,501,820.9119. Bulgaria is ranked 54th out of 71 countries in this metric.

Stocks traded as a percentage of GDP in Bulgaria is 0.30%, much lower than the average of 31.65%. Bulgaria ranks 59th out of 71 countries in this category.

The market capitalization of listed domestic companies in Bulgaria is $17,710,500,000, below the average of $1,196,037,851,618.8787. Bulgaria ranks 50th out of 73 countries in this aspect.

The market capitalization of listed domestic companies as a percentage of GDP in Bulgaria is 25.17%, lower than the average of 71.24%. Bulgaria is ranked 46th out of 73 countries in this measure.

The S&P Global Equity Indices in Bulgaria have seen a negative annual percentage change of -0.44%, contrasting with the average of 2.06%. Bulgaria ranks 37th out of 79 countries in this statistic.

Summary

In summary, Bulgaria lags behind the global average across multiple key macroeconomic indicators related to its stock market performance. This includes the total number of listed domestic companies, total value of stocks traded, stocks traded as a percentage of GDP, market capitalization of listed domestic companies, market capitalization of listed domestic companies as a percentage of GDP, and S&P Global Equity Indices. These statistics indicate a relatively underdeveloped and smaller stock market compared to the global average, which can reflect lower investor confidence, limited access to capital markets for domestic companies, and potentially slower economic growth and development.

Investment

Summary

Bulgaria's performance in foreign direct investment metrics appears mixed, with below-average values in net FDI, net FDI inflows, and net FDI outflows, but an above-average value in net FDI inflows as a percentage of GDP. However, the country performs well in portfolio investment, with above-average values in portfolio investment net, but below-average values in portfolio investment bonds and portfolio equity net inflows. These indicators are crucial as they reflect Bulgaria's attractiveness to foreign investors, its engagement in global financial markets, and its ability to attract capital for economic development.

Debt

Summary

Bulgaria's macroeconomic indicators reveal a mixed picture: while the country's total debt service as a percentage of GNI is higher than the average, its public and publicly guaranteed debt service is below average. Additionally, Bulgaria's external debt stocks as a percentage of GNI are higher than average, but its total debt service on external debt is below average. These statistics are important because they provide insights into Bulgaria's financial stability, its ability to service its debts, and its standing relative to other countries in terms of debt management.

Broad Trade Attributes

- Trade (% of GDP): Bulgaria's trade as a percentage of GDP is 110.33%, which is above the average of 82.34%. This places Bulgaria at rank 32 out of 163 countries included in the data.

- Merchandise trade (% of GDP): Bulgaria's merchandise trade as a percentage of GDP is 95.23%, notably higher than the average of 60.01%. This places Bulgaria at rank 24 out of 186 countries included in the data.

- Trade in services (% of GDP): Bulgaria's trade in services as a percentage of GDP is 18.70%, below the average of 24.63%. This places Bulgaria at rank 70 out of 171 countries included in the data.

- External balance on goods and services (current US$): Bulgaria's external balance on goods and services is 1,360,230,099.87 USD, significantly below the average of 3,405,509,011.13 USD. This places Bulgaria at rank 49 out of 163 countries included in the data.

- External balance on goods and services (% of GDP): Bulgaria's external balance on goods and services as a percentage of GDP is 1.93%, above the average of -5.97%. This places Bulgaria at rank 49 out of 163 countries included in the data.

Summary

Bulgaria demonstrates a strong trade performance with trade accounting for 110.33% of its GDP and merchandise trade at 95.23% of GDP, well above global averages. However, the country's trade in services at 18.70% of GDP is below the average. Despite this, Bulgaria maintains a positive external balance on goods and services, exceeding the average percentage of GDP. These indicators indicate Bulgaria's reliance on exports as a key driver of its economy, highlighting the importance of maintaining and potentially diversifying its trade relationships to ensure economic stability and growth.

Net Trade

For the Current account balance (BoP, current US$), Bulgaria has a value of -31,230,000 which is significantly below the average of 1,443,864,831.49. This places Bulgaria at rank 71 out of 170 countries.

Regarding the Current account balance (% of GDP), Bulgaria's value of -0.044 is notably lower than the average of -2.36. Bulgaria ranks 65 out of 170 countries for this metric.

For Net trade in goods and services (BoP, current US$), Bulgaria's value is 1,343,920,000, below the average of 2,604,730,003.57. The country ranks 53 out of 171.

In terms of Net primary income (BoP, current US$), Bulgaria has a value of -2,503,810,000, which is considerably lower than the average of -903,807,529.74. This places Bulgaria at rank 126 out of 170 countries.

For Net secondary income (BoP, current US$), Bulgaria's value stands at 1,128,670,000, above the average of -269,227,340.40. The country ranks 56 out of 170.

Regarding Net trade in goods (BoP, current US$), Bulgaria has a value of -2,256,010,000. This is below the average of 1,302,831,005.68, placing Bulgaria at rank 122 out of 171 countries.

For Net capital account (BoP, current US$), Bulgaria's value stands at 1,010,110,000, significantly higher than the average of 136,543,824.05. Bulgaria ranks 13 out of 159 countries for this metric.

Lastly, for Net financial account (BoP, current US$), Bulgaria has a value of 2,394,090,000, surpassing the average of -469,840,994.63. Bulgaria ranks 33 out of 170 countries for this attribute.

Summary

Bulgaria's macroeconomic indicators show mixed performance compared to global averages and ranks. The country excels in the net capital account and net financial account, indicating strong capital inflows and financial stability. However, Bulgaria faces challenges in the current account balance, net primary income, and net trade in goods, highlighting potential vulnerabilities in trade and income generation.

These findings are crucial as they provide insights into Bulgaria's economic health, trade competitiveness, and ability to attract investments. Addressing the weaknesses identified in the current account balance and income sectors while maintaining the strengths in capital and financial accounts will be essential for sustaining economic growth and stability in Bulgaria.

Broad Export Attributes

Analysis of key statistics for Bulgaria:

1. Exports of goods, services and primary income (BoP, current US$): Bulgaria's value is $41,493,260,000, which is below the average of $146,238,908,936.30. Bulgaria ranks 57th out of 170 countries in this category.

2. Exports of goods and services (BoP, current US$): Bulgaria's value is $39,541,290,000, below the average of $122,938,540,059.78. The country ranks 56th out of 170 countries.

3. Exports of goods and services (current US$): Bulgaria's value is $39,498,545,815.57, below the average of $129,596,864,610.19. Bulgaria ranks 56th out of 163 countries.

4. Exports of goods and services (% of GDP): Bulgaria's value is 56.13%, above the average of 38.19%. The country ranks 29th out of 163 countries.

5. Goods exports (BoP, current US$): Bulgaria's value is $31,160,920,000, below the average of $93,310,581,697.39. The country ranks 56th out of 171 countries.

6. International tourism, receipts (% of total exports): Bulgaria's value is 4.53%, below the average of 9.74%. The country ranks 54th out of 120 countries.

7. ICT goods exports (% of total goods exports): Bulgaria's value is 3.42%, below the average of 3.81%. The country ranks 33rd out of 142 countries.

Summary

Bulgaria's key macroeconomic indicators reveal that the country has lower export values compared to the global average across various categories such as goods, services, and primary income. However, Bulgaria demonstrates a higher percentage of goods exports relative to its GDP compared to the average. These statistics are crucial as they highlight Bulgaria's position in international trade, showcasing areas where the country excels and where there may be room for growth and development.

Merchandise Exports

Bulgaria's Merchandise exports amount to $31,954,000,000, ranking 58th out of 187 countries globally for this attribute, below the average of $89,542,711,229.95.

Agricultural raw materials exports account for 0.95% of Bulgaria's total merchandise exports, placing it at 83rd out of 151 countries, lower than the average of 2.97%.

Food exports represent 16.59% of Bulgaria's merchandise exports, ranking 76th out of 152 countries, below the average of 24.06%.

Bulgaria's fuel exports contribute 4.64% to its merchandise exports, placing it 64th out of 147 countries, under the average of 13.70%.

Ores and metals exports constitute 14.75% of Bulgaria's merchandise exports, ranking them 27th out of 152 countries, higher than the average of 9.10%.

Bulgaria's residual merchandise exports make up 2.36% of the total, positioning the country at 36th out of 166 countries, below the average of 3.20%.

Summary

Bulgaria's merchandise exports amount to $31.95 billion and rank 58th globally, falling below the average export value. The country has lower than average exports in agricultural raw materials, food, and fuel, but excels in ores and metals exports. These indicators are crucial as they reflect Bulgaria's export diversification and economic reliance on specific sectors, impacting its trade balance, economic stability, and vulnerability to market fluctuations.

Technology Exports

- Bulgaria's Manufactures exports account for 59.75% of its merchandise exports, which is 17.13% above the average of 42.62%. This places Bulgaria at rank 55 out of 152 countries in the dataset.
- Bulgaria's High-technology exports amount to $2,153,930,564, significantly below the average of $16,655,934,078.80. Bulgaria ranks 43 out of 151 countries in this category.
- Bulgaria's High-technology exports as a percentage of manufactured exports stand at 11.30%, slightly above the average of 10.15%. This places Bulgaria at rank 46 out of 150 countries.
- Bulgaria's Medium and high-tech exports as a percentage of manufactured exports reach 48.67%, which is 14.38% higher than the average. Bulgaria ranks 48 out of 149 countries in this aspect.

Summary

Bulgaria exhibits above-average Manufactures exports as a percentage of merchandise exports, high-technology exports that fall below the average, and a notably higher percentage of Medium and high-tech exports compared to the average. These indicators signify Bulgaria's specialization in manufacturing, potential for growth in high-technology sectors, and competitiveness in the medium to high-tech export market, all of which are crucial for diversifying the economy, attracting foreign investment, and enhancing global competitiveness.

Service Exports

Service exports (BoP, current US$): Bulgaria's value is $8,380,370,000 which is below the average of $28,917,292,503.82. The country ranks 54 out of 171 countries in this attribute.

ICT service exports (BoP, current US$): Bulgaria's value of $2,018,120,000 is below the average of $4,578,501,153.77. The country ranks 40 out of 166 countries.

ICT service exports (% of service exports, BoP): Bulgaria's value of 24.08% is above the average of 11.75%. The country ranks 20 out of 166 countries.

Communications, computer, etc. (% of service exports, BoP): Bulgaria's value of 49.93% is above the average of 45.85%. The country ranks 79 out of 169 countries.

Transport services (% of service exports, BoP): Bulgaria's value of 20.31% is below the average of 21.79%. The country ranks 74 out of 169 countries.

Travel services (% of service exports, BoP): Bulgaria's value of 20.35% is below the average of 26.40%. The country ranks 84 out of 167 countries.

Insurance and financial services (% of service exports, BoP): Bulgaria's value of 9.41% is above the average of 6.46%. The country ranks 37 out of 161 countries.

Summary

Bulgaria has a mixed performance in key macroeconomic indicators related to service exports. While the country falls below the global average in total service exports and most specific service categories, Bulgaria excels in ICT service exports, with a percentage above the global average. This indicates a strength in Bulgaria's ICT sector compared to other service industries, showcasing potential for further growth and specialization in this area.

Commercial Service Exports

Analysis of key commercial service export attributes for Bulgaria:

1. Commercial service exports (current US$): Bulgaria's value is $8,374,710,000. This is below the attribute average of $28,508,218,402.79. Bulgaria ranks 53 out of 171 countries in this dataset.

2. Travel services (% of commercial service exports): Bulgaria's value is 20.37%, which is below the average of 27.89%. Bulgaria ranks 86 out of 167 countries in this dataset.

3. Computer, communications and other services (% of commercial service exports): Bulgaria's value is 49.89%, above the average of 42.44%. Bulgaria ranks 70 out of 169 countries in this dataset.

4. Insurance and financial services (% of commercial service exports): Bulgaria's value is 9.41%, higher than the average of 6.97%. Bulgaria ranks 39 out of 161 countries in this dataset.

5. Transport services (% of commercial service exports): Bulgaria's value is 20.33%, below the average of 23.37%. Bulgaria ranks 79 out of 169 countries in this dataset.

Summary

Bulgaria's commercial service exports amount to $8,374,710,000, ranking 53rd out of 171 countries. The country has below-average values in travel services and transport services, but excels in computer, communications, and other services as well as insurance and financial services. These indicators are crucial as they highlight Bulgaria's strengths and weaknesses in different service export sectors, providing insights for policymakers to stimulate growth in key areas and improve competitiveness in others.

Broad Import Attributes

1. Imports of goods and services (current US$): Bulgaria's value is $38,138,315,715.70, which is below the average of $126,191,355,599.06. Bulgaria ranks 59 out of 163 countries for this attribute.

2. Imports of goods and services (% of GDP): Bulgaria's value is 54.20%, above the average of 44.15%. Bulgaria ranks 40 out of 163 countries for this attribute.

3. International tourism, expenditures (% of total imports): Bulgaria's value is 3.31%, below the average of 3.98%. Bulgaria ranks 59 out of 131 countries for this attribute.

4. ICT goods imports (% total goods imports): Bulgaria's value is 5.66%, below the average of 6.85%. Bulgaria ranks 65 out of 143 countries for this attribute.

5. Goods imports (BoP, current US$): Bulgaria's value is $33,416,930,000, below the average of $92,007,788,027.17. Bulgaria ranks 56 out of 171 countries for this attribute.

6. Imports of goods and services (BoP, current US$): Bulgaria's value is $38,197,380,000, below the average of $120,321,577,988.12. Bulgaria ranks 59 out of 170 countries for this attribute.

7. Imports of goods, services and primary income (BoP, current US$): Bulgaria's value is $42,653,150,000, below the average of $144,514,428,722.28. Bulgaria ranks 60 out of 170 countries for this attribute.

Summary

Bulgaria's imports of goods and services in terms of value, percentage of GDP, international tourism expenditures, ICT goods imports, and Balance of Payments are generally below the average compared to other countries. This indicates that Bulgaria may have a more conservative approach towards international trade and economic openness. It could suggest a lower level of integration with the global economy or potentially highlight areas for growth and development in terms of diversifying imports and boosting tourism revenues.

Merchandise Imports

- Bulgaria's merchandise imports amount to $35,056,000,000. This is below the average of $89,385,605,263.16, ranking 59th out of 190 countries. - Manufacturing imports, at 63.42% of merchandise imports, are slightly below the average of 66.76%. Bulgaria ranks 102 out of 152 countries in this metric. - Agricultural raw materials imports constitute 1.12% of merchandise imports in Bulgaria, lower than the average of 1.27%. The country ranks 79th out of 152 nations. - Food imports make up 12.60% of Bulgaria's merchandise imports, lower than the average of 15.89%. The country ranks 96th out of 152 countries. - Fuel imports represent 8.48% of Bulgaria's merchandise imports, below the average of 11.38%. The country ranks 98th out of 152 nations. - Bulgaria's ores and metals imports account for 10.00% of merchandise imports, significantly higher than the average of 2.57%. This places Bulgaria at 4th out of 152 countries. - The residual merchandise imports by the reporting economy in Bulgaria make up 0.67% of total merchandise imports, below the average of 2.51%. Bulgaria ranks 73rd out of 180 countries in this aspect.

Summary

Bulgaria's merchandise imports are below the global average, particularly in manufacturing, agricultural raw materials, food, and fuel imports. However, the country excels in ores and metals imports, ranking 4th globally. These statistics are crucial as they highlight Bulgaria's trade dynamics, showing areas of strength and weakness in its import composition compared to other nations.

Service Imports

Analyzing the data for Service imports (BoP, current US$), Bulgaria has a value of $4,780,440,000. This is below the attribute average of $27,615,356,170.47. Bulgaria ranks 74th out of 171 countries in this attribute.

For Communications, computer, etc. (% of service imports, BoP), Bulgaria's value is 40.26%, slightly below the attribute average of 44.40%. The country ranks 100th out of 169 countries in this aspect.

In Transport services (% of service imports, BoP), Bulgaria reports 25.45%, lower than the attribute average of 32.90%. Bulgaria ranks 104th out of 169 countries in this category.

Regarding Travel services (% of service imports, BoP), Bulgaria has a value of 21.93%, which surpasses the attribute average of 14.14%. Bulgaria holds the 33rd rank out of 169 countries in this regard.

For Insurance and financial services (% of service imports, BoP), Bulgaria showcases a value of 12.37%, higher than the attribute average of 8.53%. Bulgaria shares the 33rd rank with other countries out of 169 in this specific attribute.

Summary

Bulgaria's key macroeconomic indicators for service imports exhibit a mixed performance. While the country ranks below average in Service imports and Transport services, it surpasses the average in Travel services and Insurance and financial services. These indicators are crucial as they reflect Bulgaria's economic openness, competitiveness in various service sectors, and potential for revenue generation through services trade.

Commercial Service Imports

Commercial service imports in Bulgaria amount to $4,778,190,000, ranking 72 out of 171 countries. This is below the average of $27,102,746,128.60.

Computer, communications, and other services contribute 40.23% to Bulgaria's commercial service imports, ranking 91 out of 169 countries. This is slightly below the average of 41.71%.

Insurance and financial services make up 12.37% of Bulgaria's commercial service imports, ranking 35 out of 169 countries. This percentage is above the average of 8.85%.

Transport services account for 25.46% of Bulgaria's commercial service imports, ranking 104 out of 169 countries. This is below the average of 34.71%.

Travel services constitute 21.94% of Bulgaria's commercial service imports, ranking 39 out of 169 countries. Bulgaria exceeds the average of 14.73% in this category.

Summary

Bulgaria's commercial service imports show a mixed performance compared to global averages. While the country excels in the contribution of insurance and financial services and travel services, it lags in transport services. The significant reliance on computer, communications, and other services highlights a potential area for diversification and growth to reduce dependency on specific service sectors.

Infrastructure

1. Railways, passengers carried (million passenger-km): Bulgaria has carried 1119 million passenger-km, significantly below the average of 32281.92 million passenger-km. Bulgaria ranks 34th out of 64 countries in this attribute.

2. Railways, goods transported (million ton-km): Bulgaria transported 4503 million ton-km, notably lower than the average of 119231.19 million ton-km. The country is also ranked 34th out of 62 countries.

3. Air transport, freight (million ton-km): Bulgaria transported 1.022 million ton-km, far less than the average of 1384.37 million ton-km. Bulgaria ranks 103rd out of 126 countries in this aspect.

4. Air transport, registered carrier departures worldwide: Bulgaria had 6295 departures, much lower than the average of 134365.61 departures. The country is ranked 96th out of 149 countries.

5. Air transport, passengers carried: Bulgaria carried 443067 passengers, significantly below the average of 11848242.70 passengers. Bulgaria ranks 91st out of 149 countries for this metric.

6. Container port traffic (TEU: 20 foot equivalent units): Bulgaria handled 254,571 TEUs, notably lower than the average of 6907110.27 TEUs. The country is ranked 92nd out of 110 countries in this regard.

7. Rail lines (total route-km): Bulgaria has 4029 total route-km, significantly below the average of 12204.74 total route-km. Bulgaria ranks 26th out of 66 countries for rail lines.

Summary

Bulgaria's transportation sector, particularly in railways and air transport, lags behind global averages in key indicators such as passengers carried, goods transported, and departures. This is significant as it indicates potential challenges in efficiently moving people and goods within the country and connecting internationally. Addressing these deficiencies in the transportation infrastructure could improve Bulgaria's competitiveness and connectivity in the global market.

Information Technology Infrastructure

- Bulgaria has 333,361 Secure Internet servers, which is below the average of 458,294. Bulgaria ranks 28th out of 193 countries in this attribute.
- With 48,076 Secure Internet servers per 1 million people, Bulgaria surpasses the average of 14,067. Bulgaria ranks 17th out of 193 countries in this attribute.
- 70.16% of Bulgaria's population uses the Internet, slightly above the average of 64.77%. Bulgaria ranks 103rd out of 180 countries in this attribute.
- Bulgaria has 2,115,061 fixed broadband subscriptions, below the average of 6,591,956. Bulgaria ranks 54th out of 185 countries in this attribute.
- With 7,945,739 mobile cellular subscriptions, Bulgaria falls below the average of 42,526,463. Bulgaria ranks 97th out of 193 countries in this attribute.

Summary

Bulgaria has a relatively high number of secure internet servers per 1 million people, ranking 17th globally. Despite this, the country falls below average in both total secure internet servers and mobile cellular subscriptions. These indicators are crucial as they reflect Bulgaria's level of technological advancement and connectivity compared to other nations, which can impact its competitiveness, innovation, and overall economic development in an increasingly digital world.

Energy Consumption

Analysis of Renewable energy consumption (% of total final energy consumption): Bulgaria's renewable energy consumption is 21.08%, which is below the average of 32.18%. Bulgaria ranks 103 out of 191 countries in this statistic.

Analysis of CO2 emissions (kt): Bulgaria's CO2 emissions are 34138.1 kt, significantly below the average of 171895.94 kt. Bulgaria ranks 65 out of 188 countries in CO2 emissions.

Summary

Bulgaria's renewable energy consumption is below the global average, at 21.08% compared to 32.18%. Additionally, its CO2 emissions are significantly lower than the average, with 34,138.1 kt compared to 171,895.94 kt. These indicators highlight Bulgaria's lower environmental impact compared to many other countries, showcasing its relative sustainability and potentially lower contribution to global climate change.

Government Balance Sheet

Analysis of key macroeconomic statistics for Bulgaria:

1. Central government debt, total (% of GDP): Bulgaria's debt stands at 32.26% of its GDP, below the average of 74.12%. This places Bulgaria at rank 52 out of 61 countries.

2. Total reserves (% of total external debt): Bulgaria's reserves are at 80.78% of its external debt, above the average of 66.13%. The country ranks 20 out of 102 nations.

3. Reserves and related items (BoP, current US$): With reserves at $6.7 billion, Bulgaria exceeds the average of $1.92 billion, ranking 17 out of 171 countries.

4. Total reserves minus gold (current US$): Bulgaria's reserves minus gold amount to $35.38 billion, below the average of $74.22 billion, placing it at rank 46 out of 161 nations.

5. Total reserves (includes gold, current US$): Including gold, Bulgaria's total reserves amount to $37.86 billion, below the average of $85.71 billion. The country ranks 48 out of 161 nations.

6. Total reserves in months of imports: Bulgaria's reserves cover 10.65 months of imports, higher than the average of 7.10 months. This places Bulgaria at rank 27 out of 151 countries.

Summary

Bulgaria demonstrates prudent fiscal management with a relatively low central government debt at 32.26% of GDP, which is below the global average. The country also maintains strong reserves relative to its external debt, standing at 80.78%. This signifies Bulgaria's ability to meet its external obligations and potentially withstand financial shocks. Overall, Bulgaria's healthy reserves and manageable debt levels indicate a stable economic foundation for future growth and resilience against economic uncertainties.

Government Revenue

For "Revenue, excluding grants (% of GDP)", Bulgaria's value is 33.45%, which is above the average of 27.02%. Bulgaria ranks 31st out of 122 countries in this attribute.

In terms of "Social contributions (% of revenue)", Bulgaria's value is 27.29%, surpassing the average of 22.29%. The country holds the 37th rank out of 81 countries.

Bulgaria's "Taxes on goods and services (% of revenue)" stand at 43.64%, significantly higher than the average of 31.82%. This places Bulgaria at the 16th rank out of 122 countries.

For "Taxes on international trade (% of revenue)", Bulgaria's value is only 0.03%, well below the average of 6.24%. The country ranks 95th out of 101 countries in this aspect.

Bulgaria's "Other taxes (% of revenue)" account for 0.07%, lower than the average of 2.12%. The country is ranked 90th out of 106 countries for this metric.

When it comes to "Taxes on income, profits and capital gains (% of revenue)", Bulgaria's 16.87% is below the average of 24.66%. The country holds the 84th rank out of 119 countries in this category.

Summary

Bulgaria demonstrates above-average revenue generation, with particularly high contributions from taxes on goods and services. The country excels in this aspect compared to its peers, ranking 16th out of 122 countries. However, Bulgaria's low reliance on taxes from international trade and other sources may indicate potential areas for diversification and revenue growth, crucial for sustaining economic development and fiscal stability in the long run.

Taxes

1. Tax revenue (% of GDP): Bulgaria's tax revenue as a percentage of GDP is 20.28%, which is higher than the average of 16.72%. This places Bulgaria at rank 37 out of 123 countries included in the data.

2. Customs and other import duties (% of tax revenue): Bulgaria's share of customs and other import duties as a percentage of tax revenue is 0.04%, significantly below the average of 9.01%. Bulgaria ranks 92 out of 99 countries in this aspect.

3. Taxes on income, profits, and capital gains (% of total taxes): Bulgaria's percentage of taxes on income, profits, and capital gains is 27.83%, lower than the average of 38.40%. The country ranks 92 out of 120 countries in this category.

4. Tariff rate, applied, weighted mean, all products (%): Bulgaria's applied tariff rate stands at 1.48%, well below the average of 5.21%. This places Bulgaria at rank 113 out of 153 countries included in the data.

Summary

Bulgaria's tax revenue as a percentage of GDP is higher than the average, placing it at a respectable rank of 37 out of 123 countries. However, the country's share of customs and other import duties as a percentage of tax revenue is significantly below the average, ranking at 92 out of 99 countries. Despite having a lower percentage of taxes on income, profits, and capital gains compared to the average, Bulgaria still ranks at 92 out of 120 countries. Additionally, Bulgaria's applied tariff rate is notably lower than the average, positioning it at rank 113 out of 153 countries.

These findings are crucial as they provide insights into Bulgaria's fiscal policies, trade practices, and economic competitiveness on the global stage. Understanding these key macroeconomic indicators can help policymakers identify areas for improvement, attract investments, enhance trade relations, and drive sustainable economic growth.

Government Expenses

Expense (% of GDP): Bulgaria's expense as a percentage of GDP is 36.69%, which is 4.99% above the average of 31.69%. This ranks Bulgaria 41st out of 123 countries.

Compensation of employees (% of expense): Bulgaria's percentage spent on employee compensation is 19.15%, below the average of 24.70%. This places Bulgaria at 75th out of 123 countries.

Goods and services expense (% of expense): Bulgaria spends 8.79% on goods and services, which is 5.98% below the average of 14.77%. This ranks Bulgaria 80th out of 122 countries.

Interest payments (% of expense): Bulgaria's expense on interest payments is 1.36%, significantly lower than the average of 6.85%. This places Bulgaria at 105th out of 121 countries.

Other expense (% of expense): Bulgaria's spending on other expenses is 4.67%, below the average of 8.29%. This ranks Bulgaria 78th out of 120 countries.

Subsidies and other transfers (% of expense): Bulgaria allocates 48.15% to subsidies and transfers, which is 4.86% above the average of 43.29%. Bulgaria is ranked 47th out of 121 countries in this category.

Summary

Bulgaria's macroeconomic indicators reveal a mixed picture compared to global averages and other countries. The country's expense as a percentage of GDP is higher than the average, indicating a relatively higher level of government spending. However, Bulgaria spends less on employee compensation, goods and services, interest payments, and other expenses compared to the average. This could imply potential areas for improvement in terms of efficiency, productivity, and investment allocation within the economy.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Population ages 65 and above (% of total population)	6/194
Death rate, crude (per 1,000 people)	1/192
Net capital account (BoP, current US$)	13/159
Ores and metals imports (% of merchandise imports)	4/152
Secure Internet servers (per 1 million people)	17/193
Reserves and related items (BoP, current US$)	17/171

Ranks in Bottom Decile For:

Attribute	Rank/Total
Population ages 0-14 (% of total population)	184/194
Birth rate, crude (per 1,000 people)	181/192
Arms exports (SIPRI trend indicator values)	33/34
Taxes on international trade (% of revenue)	95/101
Customs and other import duties (% of tax revenue)	92/99