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Bulgaria - General economic indicators

Indicators 1996 1997 1998 1999 2000 2001
1. GDP, USD bln 9.9 10.1 12.2 12.0 12.0 13.6
2. GDP per capita, USD 1,189 1,224 1,484 1,499 1,479 1,710
3. Real GDP growth rate, % -10.1 -6.9 3.5 2.4 5.8 4.0
4. Industrial production growth rate, % 5.1 -10.0 -12.7 -11.4 4.3 8.4
5. Annual inflation rate, % 310.8 578.6 1.0 6.2 11.4 4.8
6. Annual unemployment rate, % 12.5 13.7 12.2 16.0 18.1 17.5
7. Average monthly gross salary, USD 79.4 76.3 106.5 109.4 112.1 115.9
8. Current account balance, USD mln 163.7 1,046.3 -61.4 -651.7 -701.6 -877.9
9. Gross external debt stock, end of year, USD bln 9.6 9.8 10.3 10.2 10.4 9.9
10. Foreign exchange reserves, USD bln 0.5 2.1 2.7 2.9 3.7 4.1
11. Exchange rate of BGN for 1 USD, end of year 175.8 1,676.5 1,760.4 1.838 1 2.124 2.219
Source:Bulgarian National Bank, Ministry of Finance, National Statistical Institute, National Employment Service, Agency for Economic Analyses and Prognoses
Notes:1 On 5 July 1999 the BGL was denominated in a 1000:1 ratio (BGN)

Operational costs in Bulgaria (September 2002)

Monthly salary, average, year 2001, EUR 130
Nominal salary growth, year 2001, % 7.3
Office rent in Sofia, average, EUR per sq m/month 2.5-7
Office purchase price in Sofia, average, EUR per sq m 325-520
Apartment purchase price in Sofia, average, EUR per sq m 299
Price of land, year 2001 average
Agricultural land, EUR per 1,000 sq m 35-179
Industrial land, EUR per 1 sq m 15-25
Construction
Costs of construction (average incl. heating, electricity, water)
Industrial construction, EUR per 1 sq m 160-180
Office building construction, EUR per 1 sq m 210-230
Cost of architectural designing, EUR per 1 sq m 4-6
Time period for completion (average, industrial building of 8,000-9,000 sq m built-up area), months 8-12
Water charges for industrial use in Sofia, EUR per m3 0.13
Water charges for household use in Sofia, EUR per m3 0.16
Telephone installation charges including VAT, EUR 61
Monthly telephone subscription fee, EUR private–2.56; business–4.62
Telephone transfer charges, EUR private–20.45; business–30.68
International phone call from Bulgaria per 1 min, EUR to Europe:0.31-0.41; 0.16-0.21; to the USA:0.74-0.20
Electricity Prices per kWh including VAT, EUR
Electricity for industrial use, medium voltage (1 kV – 60 kV)
3 tariff-reading
pick electricity 0.070
day electricity 0.043
night electricity 0.027
2 tariff-reading
day electricity 0.056
night electricity 0.027
1 tariff-reading electricity 0.053
Electricity for household use
day electricity 0.065
night electricity 0.035
Motor fuel including VAT (average as of June 2002), EUR
Gasoline A-95H unleaded 0.65
Diesel fuel 0.5
Natural gas including VAT, EUR per m3 0.15


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