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The economy of Bulgaria is a lower middle-income country coming under the Europe and Central Asia region, according to the classification of the economies by region and income, FY 2005 made by the World Bank.
The economy has made an impressive progress in the recent years by maintaining long-term stability and sustained growth. The better macro economic policies and deep structural reforms have led the average growth levels to reach by 5 % in the period of 2000-04.
The country covers a surface area of 111.0 thousand square Kilometers in the year 2003.
DEMOGRAPHY AND SOCIAL INDICATORS:
The total population of Bulgaria was 7.8 millions in the year 2004 in comparison to 8.1 millions in the year 2000. The Growth rate of population in the country was - 0.6 in the year 2004. The growth rate of population was -1.8 in the year 2000.
The above table represents the growth rate of population in Bulgaria.
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The Life Expectancy year in Bulgaria is calculated at 72.1 in the year 2003.
The Infant Mortality rate per one thousand life births in the year 2003 was 12.3.
Under 5 mortality rates per one thousand Children were 15.8 in the year 2000.
KEY ECONOMIC INDICATORS
The Gross National Income of the country in the Atlas method was (Current US $) 21.3 Billions in the year 2004. The GNI percapita Atlas method was (Current US $) was 2740.0 in the year 2004.
The Gross Domestic Product in the year 2004 was 24.1 Billions in Current $. The annual percentage growth rate of GDP in the year 2004 was 5.6.
The following table represents the annual average growth rate of GDP in the recent years.
The average annual growth rate of GDP for the period of 2004-08 is estimated at 5.5 percent. The average annual growth rate of GDP percapita in the year 2004 was at 6.1 percent in the year 2004.
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