What is the economy in Bulgaria like?

Latest questions Forums Assignment Help What is the economy in Bulgaria like?

This topic contains 2 replies, has 2 voices, and was last updated by  administrator 3 years, 2 months ago.

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #41

    Aakanksha
    Participant

    What is the economy in Bulgaria like?

    #8596

    Aakanksha
    Participant

    Bulgaria was somewhat hesitant in terms of embracing market reforms. The economy suffered greatly after the fall of communism with standard of living dropping drastically. In the mid 1990s, the economy improved and reforms were implemented. Economic growth has been steady and stable, ranging from 5% to 7% since the late 1990s. Currently its GDP per capita is considerably above that of most developing nations but still considerably lower than that of Eastern Europe’s more developed economies, not to mention the post-industrial economies of Western Europe. 15% of its GDP is still derived from agriculture, compared to less than 3% in most developed nations. Unemployment remains relatively high at almost 10% and the country receives roughly $475 billion in financial aid annually. Overall, the nation has overcome many of the problems that have plagued the economy during the early 1990s. Bulgaria remains ahead of most other developing or quasi-developed nations, yet lags behind other former communist nations such as the Czech Republic, Slovenia or Hungary.

    #8627

    administrator
    Participant

    Economy in Bulgaria like? No way this country economy isn’t real good doing economy. Well I would not be good to comment too much about it as I don’t have to much information about this country.

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.