IMF..........................WB..........................................CIA
rank/measure..........rank/measure.............................rank/measure
76/5,186............65/5,175...................................75/5,409
Bulgaria’s economic freedom score is 65, making its economy the 60th freest in the 2013 Index. Its overall score is up by 0.3 point, reflecting improvements in the management of public spending that counterbalance declines in freedom from corruption and labor freedom. Bulgaria is ranked 29th out of 43 countries in the Europe region, and its overall score is above the world average but below the regional average.
Despite a challenging global economic environment that has slowed economic growth in recent years, Bulgaria has maintained strong momentum in liberalizing economic activity while taking steps to restore fiscal discipline. Public debt and budget deficits remain among the lowest in the region, and the flat personal and corporate tax rates are highly competitive. Open-market policies encourage flows of trade and investment. Efforts are underway to revitalize the stalled privatization process.
Continued reform efforts are needed to solidify the foundations of economic freedom and ensure vibrant economic development in the future. The judicial system remains inefficient and vulnerable to political interference, and corruption, perceived as widespread, remains a cause for concern.
| Government | Unitary parliamentary republic | |
|---|---|---|
| - | President | Rosen Plevneliev |
| - | Prime Minister | Plamen Oresharski |
| Legislature | National Assembly | |
| Formation | ||
| - | Medieval states: | |
| - | First Bulgarian Empire | 681 |
| - | Second Bulgarian Empire | 1185 |
| - | Modern state: | |
| - | Principality of Bulgaria | 13 July 1878 |
| - | Independence declared | 5 October 1908 |
| Area | ||
| - | Total | 110,994 km2
(105th) 42,823 sq mi |
| - | Water (%) | 0.3 |
| Population | ||
| - | 2011 census | 7,364,570[2] (98th) |
| - | Density | 66.2/km2 (139th) 171/sq mi |
| GDP (PPP) | 2012 estimate | |
| - | Total | $103.816 billion (66th) |
| - | Per capita | $15,933 (69th) |
| GDP (nominal) | 2012 estimate | |
| - | Total | $51.030 billion (75th) |
| - | Per capita | $7,033 (76th) |
| Gini (2011) | 35.1 medium | |
| HDI (2013) |  0.782high · 57th | |
