the country's economic problems.
National product:
GDP - purchasing power equivalent - $34.1 billion (1992)
National product real growth rate:
-7.7% (1992)
National product per capita:
$3,800 (1992)
Inflation rate (consumer prices):
80% (1992)
Unemployment rate:
15% (1992)
Budget:
revenues $8 billion; expenditures $5 billion, including capital expenditures
of $NA (1991 est.)
Exports:
$3.5 billion (f.o.b., 1991)
commodities:
machinery and equipment 30.6%; agricultural products 24%; manufactured
consumer goods 22.2%; fuels, minerals, raw materials, and metals 10.5%;
other 12.7% (1991)
partners:
former CEMA countries 57.7% (USSR 48.6%, Poland 2.1%, Czechoslovakia 0.9%);
developed countries 26.3% (Germany 4.8%, Greece 2.2%); less developed
countries 15.9% (Libya 2.1%, Iran 0.7%) (1991)
Imports:
$2.8 billion (f.o.b., 1991)
commodities:
fuels, minerals, and raw materials 58.7%; machinery and equipment 15.8%;
manufactured consumer goods 4.4%; agricultural products 15.2%; other 5.9%
partners:
former CEMA countries 51.0% (former USSR 43.2%, Poland 3.7%); developed
countries 32.8% (Germany 7.0%, Austria 4.7%); less developed countries 16.2%
(Iran 2.8%, Libya 2.5%)
External debt:
$12 billion (1991)
Industrial production:
growth rate -21% (1992 est.); accounts for about 37% of GDP (1990)
Electricity: 11,500,000 kW capacity; 45,000 million kWh produced, 5,070 kWh per capita
(1992)
*Bulgaria, Economy
Industries:
machine building and metal working, food processing, chemicals, textiles,
building materials, ferrous and nonferrous metals
Agriculture:
accounts for 22% of GDP (1990); climate and soil conditions support
livestock raising and the growing of various grain crops, oilseeds,
vegetables, fruits, and tobacco; more than one-third of the arable land
devoted to grain; world's fourth-largest tobacco exporter; surplus food
producer
Illicit drugs:
transshipment point for southwest Asian heroin transiting the Balkan route
Economic aid:
donor - $1.6 billion in bilateral aid to non-Communist less developed
countries (1956-89)
Currency:
1 lev (Lv) = 100 stotinki
Exchange rates:
leva (Lv) per US$1 - 24.56 (January 1993),17.18 (January 1992), 16.13 (March
1991), 0.7446 (November 1990), 0.84 (1989), 0.82 (1988), 0.90 (1987); note -
floating exchange rate since February 1991
Fiscal year:
calendar year
*Bulgaria, Communications
Rai
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