IFED
For Governments& ChambersFor Banks& InvestorsFor Corporates& SMEsFor Philanthropists& RoyaltyFor Start-Ups& YouthIntelligence Centre

    Bulgaria

    Continent
    Europe
    Capital
    Sofia
    Population
    6,782,659
    Sub-Zones
    28
    General Information
    Basic details about Bulgaria
    Population:
    6,782,659
    Area:
    110,879 sq km
    Currency:
    leva
    Languages:
    Bulgarian, Turkish 7.9, Romani 3.5, other 1, unspecified 10.4
    Economic Overview
    Key economic indicators for Bulgaria
    GDP:
    $215.338 billion
    GDP per Capita:
    $33,400
    GDP Growth:
    1.89%
    Inflation:
    9.44%
    Unemployment:
    4.3%
    Public Debt:
    30.2% of GDP
    Credit Rating:
    BBB (2019)
    Political System
    Governance structure of Bulgaria
    Government Type:
    parliamentary republic
    Head of State:
    President Rumen RADEV (since 22 January 2017)
    Head of Government:
    Caretaker Prime Minister Dimitar GLAVCHEV (since 9 April 2024)
    Judiciary:
    Supreme Court of Cassation (consists of a chairman and approximately 72 judges organized into penal, civil, and commercial colleges); Supreme Administrative Court (organized into 2 colleges with various panels of 5 judges each); Constitutional Court (consists of 12 justices); note - Constitutional Court resides outside the judiciary
    Administrative Divisions:
    28 provinces (oblasti, singular - oblast); Blagoevgrad, Burgas, Dobrich, Gabrovo, Haskovo, Kardzhali, Kyustendil, Lovech, Montana, Pazardzhik, Pernik, Pleven, Plovdiv, Razgrad, Ruse, Shumen, Silistra, Sliven, Smolyan, Sofia, Sofia-Grad (Sofia City), Stara Zagora, Targovishte, Varna, Veliko Tarnovo, Vidin, Vratsa, Yambol

    Major Political Parties

    • Not specified
    International Relations
    Global position and alliances
    UN Member:
    Yes
    EU Member:
    Yes
    Diplomatic Presence:
    1621 22nd Street NW, Washington, DC 20008

    Major Alliances and Organizations

    EUNATO
    Economic Sectors & Trade
    Detailed economic breakdown

    Major Economic Sectors

    Agriculture
    2.5% (2023 est.)
    Industry
    22.7% (2023 est.)
    Services
    62.5% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

    Trade Volume

    Exports:
    $63.38 billion
    Imports:
    $59.16 billion

    Major Trading Partners

    Germany 14
    Romania 11
    Italy 8
    Greece 6
    Turkey 5

    Economic Outlook

    Bulgaria has a 1.89% GDP growth rate with 9.44% inflation. The economy is characterized by a strong agriculture sector.