Stagflation fears

BB2

MEDIUM RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in January 2023.

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GDP USD 89.0bn (World ranking 70, World Bank 2022)
Population 6.5mn (World ranking 109, World Bank 2022)
Form of state Parliamentary republic
Head of government Nikolai DENKOV (Prime Minister)
Next elections 2026, presidential
  • EU membership and good international relations
  • Currency board has withstood global turbulence since 2008 and BGN is currently not overvalued
  • History of prudent fiscal policies
  • Comfortable external finances
  • Generally adequate business environment
  • Slow progress on EU-required judicial reform and anti-corruption measures
  • Government instability
  • Public discontent about living standards
  • Vulnerability to external shocks due to high export dependency

Trade structure by destination/origin

(% of total, annual 2021)

Exports Rank Imports
Germany 14.9%
1
12.3% Germany
Romania 10.1%
2
7.7% Türkiye
Italy 7.6%
3
7.6% Russia
Greece 6.6%
4
7.6% Romania
Türkiye 6.2%
5
6.6% Italy

Trade structure by product

(% of total, annual 2021)

Exports Rank Imports
Non-ferrous metals 10.9%
1
7.8% Electrical machinery, apparatus and appliances, n.e.s.
Electrical machinery, apparatus and appliances, n.e.s. 9.6%
2
6.7% Petroleum, petroleum products and related materials
Cereals and cereal preparations 5.8%
3
6.5% Metalliferous ores and metal scrap
Metalliferous ores and metal scrap 4,2%
4
5.2% Road vehicles
Articles of apparel & clothing accessories 3.4%
5
4.6% Medicinal and pharmaceutical products
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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