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Country Commercial Guides FY 2000: Bulgaria Report prepared by U.S. Embassy Sofia, released July 1999 Note*

CHAPTER X. APPENDICES A - D

APPENDIX A:  Country Data

Population:  			8,283,000 
Population Growth Rate:  	-0.7%
Religions:	 		Orthodox Christian, Moslem, Jewish				
Government System:  		Constitutional Parliamentary Democracy
Language:  			Bulgarian

Sources:    National Statistical Institute
            Foreign Investment Agency


APPENDIX B:  Domestic Economy
(millions of U.S. dollars)

 				1997  	     1998	  1999

GDP				10,200	    12,257      12,228
Real GDP growth rate
 (percent)  	 		-6.9         3.5   	  1.5
GDP per capita            	1,224	    1,484	 1,494
Government spending 
(percent of GDP)         	 35  	      36	   38.1
Inflation (percent)     	579	      1.0          1.8	
Unemployment (percent)    	 14.0        12.2	  10.7
Foreign exchange reserves      2,468         2,964	 3,317
Average exchange rate 
for $1.00   	 		1,682	   1,760	1,800
Debt service ratio
(ratio of principal and interest
on foreign debt to GDP)	          8.8         8.9	6.9
U.S. economic/military assistanc  34.1        41.2	66.6

Sources:   	National Statistical Institute
Bulgarian National Bank
World Bank     	   
International Monetary Fund 

Note:  statistics for 1999 are estimates


APPENDIX C:  Trade

(millions of U.S. dollars)

    				  1997		1998	 1999

Total country exports		4,910		4,293	4,159
Total country imports		4,890		4,609	4,682
Exports to United States	172	         111	  116
Imports from United States	104	         198 	  185

Sources: 

National Statistical Institute 	  
Bulgarian National Bank
World Bank
U.S. Department of Commerce
U.S. Embassy Sofia estimates


APPENDIX D:  Investment Statistics

Between 1992 and the end of March 1999, foreign direct investment (FDI) into Bulgaria amounted to approximately $2.163 billion (about 17.6 percent of 1998 GDP).  FDI inflows in 1998 are estimated at $620 
million (about 5.1 percent of GDP).  Bulgaria's direct investment abroad was only about $100,000 in 1998.

Foreign Direct Investment by Year (in millions of U.S. dollars)

1992 			34.4
1993 			102.4
1994 			210.9
1995 			162.6
1996 			256.4
1997 			636.2
1998 			620.0
1999 (first quarter)	139.8 
Total			2162.7 

Source:  Foreign Investment Agency


Foreign Direct Investment by Country of Origin (in millions of U.S. dollars)

Germany			325
Belgium			307
United States		149
Cyprus			141
Netherlands		138
U.K.			110
Spain			106
Austria			102
Switzerland		 76
Greece			 72
Luxemburg		 66
Russia			 50
Korea			 47
Turkey			 37
Ireland			 24
Bahamas			 23
France			 20

Source:  Foreign Investment Agency


Foreign Direct Investment by Sector 1992-1998 (in millions of U.S. dollars) 

Industry		1,034
Trade  		 	  363
Finance	 		  205
Tourism			  102
Transport		   89
Telecommunications   	   33
Construction		   18
Agriculture		    6
Other			   61