Flag description:
three equal horizontal bands of white (top), green, and red note: the national emblem, formerly on the hoist side of the white stripe, has been removed
Economy
Bulgaria
Economy - overview:
Bulgaria, a former communist country that entered the EU on 1 January 2007, has experienced strong growth since a major economic downturn in 1996. Successive governments have demonstrated commitment to economic reforms and responsible fiscal planning, but have failed so far to rein in rising inflation and large current account deficits. Bulgaria has averaged more than 6% growth since 2004, attracting significant amounts of foreign direct investment, but corruption in the public administration, a weak judiciary, and the presence of organized crime remain significant challenges.
GDP (purchasing power parity):
$86.71 billion (2007 est.)
GDP (official exchange rate):
$39.61 billion (2007 est.)
GDP - real growth rate: