COUNTRY PROFILE Bulgaria
Statistical tables Factor I: Economic Performance WORLD COMPETITIVENESS RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 1
COMPETITIVENESS TRENDS - OVERALL BULGARIA OVERALL PERFORMANCE (63 countries) 56 55 CHALLENGES IN 2018 Improve Improve judicial judicial and and public public administration administration performance performance and and efficiency. Free up labour force from the public to the private sector. Focus EU funds devoted to the labour market towards professional and management education. Prioritize the development of the national innovation system both in policy-making and budgeting. Improve transparency and European integration of the Bulgarian energy system. Provided Centre for by: the Study of Democracy, Sofia Centre for the Study of Democracy, Sofia 50 49 48 BASIC FACTS Rank Capital Land area (square km '000) Sofia 111 2017 Exchange Rate (per $) 1.735 2017 Population - market size (millions) 7.08 2017 46 Gross Domestic Product (GDP) (US$ billions) 56.8 2017 54 GDP (PPP) per capita (US$) 21,627 2017 48 Real GDP growth (%) 3.6 2017 23 Consumer price inflation (%) 1.19 2017 16 Unemployment rate (%) 6.20 2017 37 Labor force (millions) 3.36 2017 46 Current account balance (% of GDP) 3.94 2017 18 Direct investment stocks inward ($bn) 42.2 2016 51 Direct investment flows inward (% of GDP) 2.91 2017 23 COMPETITIVENESS LANDSCAPE Economic Performance Government Efficiency Business Efficiency Infrastructure Domestic Economy International Trade International Investment Employment Prices Public Finance Tax Policy Institutional Framework Business Legislation Societal Framework Productivity & Efficiency Labor Market Finance Management Practices Attitudes and Values Basic Infrastructure Technological Infrastructure Scientific Infrastructure Health and Environment Education 4 17 15 19 58 39 45 48 46 52 55 59 53 61 55 50 47 52 52 48 PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS < 20 MILLION (34 countries) 36 36 33 32 33 30 31 29 27 28 2
COMPETITIVENESS TRENDS - FACTOR BREAKDOWN BULGARIA ECONOMIC PERFORMANCE 47 48 40 37 28 Sub-Factor Rankings : 2017 Domestic Economy 52 International Trade 17 International Investment 41 Employment 51 Prices 5 2018 58 17 39 45 4 GOVERNMENT EFFICIENCY 44 49 33 39 37 Sub-Factor Rankings : 2017 Public Finance 35 Tax Policy 20 Institutional Framework 50 Business Legislation 44 Societal Framework 46 2018 15 19 48 46 52 BUSINESS EFFICIENCY 54 56 57 60 60 Sub-Factor Rankings : 2017 Productivity & Efficiency 46 Labor Market 58 Finance 57 Management Practices 60 Attitudes and Values 55 2018 55 59 53 61 55 INFRASTRUCTURE 47 47 49 49 51 Sub-Factor Rankings : 2017 Basic Infrastructure 49 Technological Infrastructure 39 Scientific Infrastructure 53 Health and Environment 52 Education 47 2018 50 47 52 52 48 3
WORLD COMPETITIVENESS DIGITAL RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 4
DIGITAL TRENDS - OVERALL BULGARIA OVERALL PERFORMANCE (63 countries) Overall Alpha Alpha Factors Beta BetaLabel Gamma GammaLab Sub-Factors 1 2 2 2 2 2 2 4 4 4 2 2 6.5 4 4 2 2 8.5 4 4 2 2 10.5 4 4 2 2 41 53 42 33 Knowledge Talent Training & education Scientific concentration 43 42 52 50 36 Technology Regulatory framework Capital Technological framework 55 48 59 54 The direction of the triangle indicates the performance change from the last year: improved or stable declined Future readiness Adaptive attitudes Business agility IT integration OVERALL & FACTORS - 5 years OVERALL Knowledge Technology Future readiness 53 54 47 45 43 47 45 38 41 41 45 42 38 42 42 59 59 58 57 55 COMPETITIVENESS & DIGITAL RANKINGS Digital Competitiveness N.B. This graph provides only a comparison of the country s performance in the two rankings. 47 45 43 53 54 56 55 50 49 48 PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS < 20 MILLION (34 countries) 37 37 33 32 30 31 32 30 28 26 5
u Overall top strengths w Overall top weaknesses FACTORS BREAKDOWN - STRENGHTS AND WEAKNESSES BULGARIA KNOWLEDGE Subfactors Talent 56 54 52 51 53 Training & education 45 47 40 39 42 Scientific concentration 35 32 31 30 33 Talent Rank Rank Rank Training & education Scientific concentration Educational assessment PISA - Math 43 Employee training 56 Total expenditure on R&D (%) 42 International experience 54 Total public expenditure on education 36 Total R&D personnel per capita 33 w Foreign highly-skilled personnel 57 Higher education achievement 39 u Female researchers 7 Management of cities 49 u Pupil-teacher ratio (tertiary education) 16 R&D productivity by publication 50 Digital/Technological skills 27 Graduates in Sciences 47 Scientific and technical employment 39 Net flow of international students 52 Women with degrees 24 u High-tech patent grants 10 TECHNOLOGY Subfactors Regulatory framework 52 51 48 50 52 Capital 43 43 36 46 50 Technological framework 39 35 34 34 36 Regulatory framework Rank Capital Rank Technological framework Rank Starting a business 47 IT & media stock market capitalization 37 Communications technology 27 Enforcing contracts 31 Funding for technological development 49 Mobile Broadband subscribers 37 Immigration laws 50 Banking and financial services 40 Wireless broadband 27 Development and app. of technology 57 Investment risk 52 Internet users 44 w Scientific research legislation 57 Venture capital 49 u Internet bandwidth speed 22 Intellectual property rights 53 u Investment in Telecommunications 23 High-tech exports (%) 45 FUTURE READINESS Subfactors Adaptive attitudes 57 59 58 47 48 Business agility 59 60 60 61 59 IT integration 50 52 53 55 54 Adaptive attitudes Rank Business agility Rank IT integration Rank E-Participation 37 Opportunities and threats 51 E-Government 43 Internet retailing 46 Innovative firms 40 w Public-private partnerships 58 Tablet possession 45 Agility of companies 56 Cyber security 50 Smartphone possession 41 w Use of big data and analytics 60 Sofware piracy 50 Attitudes toward globalization 51 w Knowledge transfer 59 6
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