- Bulgaria became EU member 1 Jan 2007
- Bulgaria has outperformed the CEE-4
- (its four Central East European competitors
Czech Republic, Hungary, Poland Slovakia)
- GDP per capita has doubled in only 4 years
- High economic growth in medium term
- Anchored by affiliations – NATO, WTO
- Competitive economy and tax champion of EU
Bulgaria as 2007 “tax champion of Europe”
lowest corporate tax in EU
Competitive index 2006 (data from UniCredit)
Population
Millions |
Hungary
10.1 |
Romania
21.7 |
Bulgaria
7.8 |
EU
384.8 |
| Average Salary |
875 |
365 |
219 |
3431 |
| Corporation Tax |
16% |
16% |
10% |
29% |
- Investment ratio increased from roughly 15% of GDP in 2000 to 25% currently.
- Investment has been the dynamic component of growth – from 1992- 2005 total foreign direct investment USD12.9 bn
- In 2005 Bulgaria 2nd largest FDI recipient in E Europe (adjusted by economic size) – ahead of Poland, Hungary, Poland etc
Macro Economic factors – Bulgaria Population
|
2004 |
2005 |
2006e |
2007f |
2008f |
2009f |
| Real GDP year on year (in %) |
5.7 |
5.5 |
6.3 |
6.5 |
6.3 |
6.2 |
| Inflation Average % |
6.2 |
5.0 |
7.3 |
6.2 |
4.7 |
3.6 |
| FDI/GDP (in %) |
13.9 |
10.8 |
15.5 |
14.0 |
10.5 |
9.0 |
- Population - 7.8 million
- Area – 42,822 square miles
- Economy (GVA) 12% agriculture
