Economic structure


Bulgaria has a strategic location in the center of Southeastern Europe and the main roads of Europe to the Middle East and Asia pass through.

Bulgaria is strategically located and provides access to the following markets:

South-East Europe – a 122 million inhabitant, high growth market

EU – Bulgaria offers the lowest cost , zero tariff access to a 500 million inhabitant market

CIS, Middle East and North Africa

Bulgaria offers a combination of political and macroeconomic stability and incentives for doing business:

Stable parliamentary democracy; EU, NATO and WTO member

Bulgaria’s currency is fixed to the Euro under a currency board arrangement

Lowest tax rate and one of the lowest labor costs in the EU coupled with special incentives for investors

EU funding – more than €8 bn in EU funds over the next years


2012 Economic Snapshot

GDP (€ in bn):

Exports (€ in bn):

Net FDI (% of GDP):


26, 4


GDP growth (2012F, %):

Unemployment (%):

Inflation rate (%):




Government deficit (% of GDP):

Government debt (% of GDP):

Current account balance (% of GDP):




Long-term credit ratings:

Moody’s: Baa2 stable

S&P: BBB stable

Fitch: BBB- stable

Source: Bulgarian National Bank, Eurostat, sovereign rating companies' websites


The Bulgarian economy reported sustained growth of over 6% for the period 2000-2008

The economy stabilized in 2011 with real GDP growth of 1.7%, which is

projected to rise to 2.8% in 2012

Bulgaria is the country with the second-lowest debt in the EU: 17.0% of GDP

Currency stability resulting from the currency board introduced in 1997

Bulgaria is the only European country whose credit rating was increased by Moody’s



The World Bank ranks Bulgaria sixty-fifth position in the world regarding GDP per capita (purchasing power) to $13.780

The contribution of the sector "Services" to the GDP has increased more than 2 times in the last 20 years

Industry, gross output by subsectors, 2011 (%)

Output by sectors


Budget deficit levels are minimal and tamed by a low public debt


•  Bulgaria continues to boast one of the lowest budget deficits in the region and the European Union

•  The government imposed fiscal consolidation and structural reforms, privatization of unprofitable assets and a more conservative budget for 2012

•  Bulgaria has one of the lowest public debts in Europe, following the consistent reduction policy of the last three governments

•  In response to the financial crisis, Parliament passed a strict debt ceiling in 2010


General government deficit/surplus in % of GDP,

2007-2011 average