18,036.650
By average values of GDP (nominal)
| Year | 1st | 5th |
|---|---|---|
| 2020 | United States 20,936.600 | United Kingdom 2,707.744 |
| 2015 | United States 18,036.650 | United Kingdom 2,863.304 |
| 2010 | United States 14,964.400 | France 2,560.002 |
| 2005 | United States 13,093.700 | China 2,308.786 |
Why is Bulgaria’s GDP so low?
Corruption in the public administration and a weak judiciary have continued to be long-term problems, with presence of organized crime remaining very high. Although politicians were giving warranties that the late-2000s recession would not hit Bulgaria, the economy suffered a 5.5% GDP decline in that period.
What is the GDP growth rate in 2010 11?
8.4 per cent
“The Gross Domestic Product (GDP) at factor cost at constant prices in 2010-11 has registered a growth of 8.4 per cent over the previous year,” the Quick Estimates of economic growth released by India’s Ministry of Statistics and Programme Implementation said.
What is the richest country in the world 2010?
Qatar
The Persian Gulf emirate of 1.7 million people ranks as the world’s richest country per capita thanks to a rebound in oil prices and its massive natural gas reserves. Adjusted for purchasing power, Qatar booked an estimated gross domestic product per capita of more than $88,000 for 2010.
Why is Bulgaria so poor?
Causes and recommendations. The IME says the biggest causes of deep poverty in Bulgaria are a lack of education and low wages. When the unemployed do manage to get work, they are paid on average only 18.4% more than they would receive on welfare benefits.
What happened to the Bulgarian economy in 2009?
During the course of 2009, the grim forecasts for the effects of the global crisis on the Bulgarian economy largely materialized. Although suffering less than the worst-hit countries, Bulgaria recorded its worst economic results since the 1997 meltdown. GDP shrank by around 5% and unemployment jumped.
How did Bulgaria’s economy do during the Great Recession?
During the Great Recession, Bulgaria saw its economy decline by 5.5% in 2009, but quickly restored positive growth levels to 0.2% in 2010, in contrast to other Balkan countries.
What are the biggest problems facing Bulgaria today?
Corruption in the public administration and a weak judiciary have continued to be long-term problems, with presence of organized crime remaining very high. Although politicians were giving warranties that the late-2000s recession would not hit Bulgaria, the economy suffered a 5.5% GDP decline in that period.
How much FDI does Bulgaria receive from foreign companies?
Total FDI from 1991 through 1996 was $831 million. In December 1996, Bulgaria joined the World Trade Organization. In the years since 1997, Bulgaria begun to attract substantial foreign investment. In 2004 alone, over 2.72 billion euro ($3.47 billion) were invested by foreign companies.
