Economy of Bulgaria
The economy of Bulgaria functions on the principles of the free market, having a large private sector and a smaller public one. Bulgaria has an advanced, high-income economy according to the International Monetary Fund and the World Bank. It is a member of the European Union (EU), the World Trade Organization (WTO) and the Organization of the Black Sea Economic Cooperation (BSEC). The Bulgarian economy has experienced significant growth (538%), starting from $13.15 billion (nominal, 2000) and reaching estimated gross domestic product (GDP) of $107 billion (nominal, 2024 est.) or $229 billion (PPP, 2024 est.), GDP per capita of $36,000 (PPP, 2024 est.), average gross monthly salary of 2,468 leva (1,262 euro) (December 2024), and average net monthly salary of $2,191 (adjusted for living costs in PPP) (Q2 2024). Until 2026, the national currency was the lev (plural leva), pegged to the euro at 1.95583 leva for 1 euro. The lev was one of the strongest and most stable currencies in Eastern Europe...
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