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Bulgaria, a former Communist country that entered the EU on 1 January 2007, averaged more than 6% growth from 2004 to 2008, driven by significant amounts of foreign direct investment. Successive governments have demonstrated a commitment to economic reforms and responsible fiscal planning, but the global downturn is reducing exports, capital inflows, and industrial production. GDP in 2009 contracted by approximately 5%. Corruption in the public administration, a weak judiciary, and the presence of organized crime remain significant challenges.

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Economy of Bulgaria
SOURCE: CIA - The World Factbook
Currency Lev
GDP (PPP) $90.51 billion (2009 est.)
GDP (per capita) $12,600 (2009 est.)
Exports $16.23 billion (2009 est.)
Imports $23.27 billion (2009 est.)
Main Industries Electricity, Gas, Water; Food, Beverages, Tobacco; Machinery and Equipment, Base Metals, Chemical Products, Coke, Refined Petroleum, Nuclear Fuel
Exports - Commodities Clothing, Footwear, Iron and Steel, Machinery and Equipment, Fuels
Imports - Commodities Machinery and Equipment; Metals and Ores; Chemicals and Plastics; Fuels, Minerals, and Raw Materials
Exports Partners Greece 9.8%, Germany 9.1%, Turkey 8.9%, Italy 8.5%, Romania 7.2%, Belgium 5.8%, France 4% (2008)
Imports Partners Russia 14.6%, Germany 11.8%, Italy 7.9%, Ukraine 7.3%, Romania 5.6%, Turkey 5.5%, Greece 5.4%, Austria 4.1% (2008)

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