Economy of Bulgaria

364 day(s) ago
URL: http://www.confiduss.com/en/jurisdictions/bulgaria/economy/
Main Category: Regional
Sub Category: Europe
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Bulgaria is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Bulgaria may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Bulgaria exports around $27.9 billion and imports roughly $32.88 billion. 5.9% of population in the country are unemployed. The total number of unemployed people in Bulgaria is 415,174. In Bulgaria, 21.8% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Bulgaria is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. Government expenditure on education is 4.1% of GDP. The Gini Index of the country is 35.4. Bulgaria is experiencing good equality. The majority of citizens in Bulgaria fall within a narrow range of income, although some cases may show significant differences. Bulgaria has a Human Development Index (HDI) of 0.777. Bulgaria has a high HDI score. This indicates that the majority of citizens will be able to attain a desirable life while providing substantial aid and assistance to citizens with lower living standards. The Global Peace Index (GPI) for Bulgaria is 1.607. Due to strong law enforcement presence and high social responsibility, Bulgaria is very safe by international standards. The strength of legal rights index for Bulgaria is 9. Overall, it is considered to be rather strong - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders quite well; credit information is abundant and easily accessible.

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