Bulgaria GDP Report (1981 to 2017)

Report by Pradeep

Abstract Report:
This report provides changes in Economy of Bulgaria(GDP) Country from 1981 to 2017.

Measures:
The Chart shown below was used to identify the different type of Measures calculation to
provides the complete result of captured country economy, From 1981 to 2017 and its measured by Mean,
Median, Min & Max, Standard Deviation were used to quantify each of these different patterns to
analysis.

Country Bulgaria
Count 37 Years 1981 to 2017
Minimum 1148.5 1994 Drop down in GDP
Maximum 8031.6 2017 Growth in GDP
Mean 3658.3 Average GDP in 37 Years
Median 2366.5
SD 2481.26719

Analysis:
The below mention chart shows the GDP for Bulgaria over a period of 37 Years. The
chat represent the GDP value up and down data to understand better way. There is a high
drop(Percentage wise) in 1991 to compare to 1990 due to disbandment of
the Comecon system and the loss of the Soviet and Comecon market, to which the country had
been entirely tied. After a year country reborn and started with minimal recovery.

 Drop: A high lowest GDP per captured Year is 1994 and the observed value is 1148.
There was a drop of 10.2% in the year on year growth of GDP value. That was due to
the Bulgarian Socialist Party's inability to introduce vital economic reforms and
failure to set legislative standards for banking and financial institutions, thus forcing
an unstable banking system.

 Growth: A maximum GDP growth in 2017 and it’s a very biggest GDP captured in
Bulgaria history fallowed by 8032 GDP value. A growth chart seen from 1981 to
2017 with a 7.5% year on year growth. That was due to development in all various
sectors are Industries, Agriculture, Tourism, Energy, Infrastructure, Taxation,
Education.

Bulgaria GDP Growth Chart

Page 1
9000 BULGARIA

8032
7853
7814

7675

7469
7378
7262
8000

6993
6970
6843
7000

5886
6000

4490
5000

3870
3364
3132

4000

2699
2511
2477
2367
2260
2235
2169

3000

2077
1964
1915
1853

1772

1757
1644
1610
1554

1347
1278
1268
1212

1209
1148
2000

1000

0
1984

1988

1992

1996

2000
1981
1982
1983

1985
1986
1987

1989
1990
1991

1993
1994
1995

1997
1998
1999

2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Bulgaria Percentage wise growth Chart

Percentage Chart
50.0%
40.0% 38.6%
35.3%
30.0% 31.6% 29.9% 31.1%
24.6% 23.4%
20.0% 18.1% 18.2% 16.0%
15.0% 14.2%
10.0% 11.4% 9.2%
6.0% 5.5% 7.5%
6.8%
4.0%
2.3%
0.0% -1.4% -2.1% -1.8%
-2.9% -2.5% -4.5% -4.4% -4.0% -5.6%
2010

2012

2014
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009

2011

2013

2015
2016
2017
-10.0% -7.2%
-10.2% -10.9%
-14.6%
-20.0% -19.8% -22.2%
-30.0%
-40.0%
-46.4%
-50.0%
-60.0%

Conclusion:
The final result for the country economy is growing bases on various public services
provided by government and rapidly development in export & import business, major
attraction is Tourism for low costs, and restoration of facilities and Bulgaria has attracted
considerable investment from foreigners buying property.

End of the Report