Proving resilient to shocks

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 2024.

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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 2022)

Exports Rank Imports
Germany 14.0%
1
10.8% Russian Federation
Romania 10.1%
2
10.8% Germany
Italy 7.5%
3
8.4% Turkey
Greece 6.5%
4
6.9% Romania
Türkiye 5.9%
5
6.0% Italy

Trade structure by product

(% of total, annual 2022)

Exports Rank Imports
Non-ferrous metals 10.2%
1
9.7% Petroleum, petroleum products and related materials
Petroleum, petroleum products and related materials 8.4%
2
7.1% Electrical machinery, apparatus and appliances, n.e.s.
Electrical machinery, apparatus and appliances, n.e.s. 7.4%
3
5.9% Gas, natural and manufactured
Cereals and cereal preparations 4.8%
4
5.6% Metalliferous ores and metal scrap
Fixed vegetable oils and fats, crude, refined or fractionated 3.5%
5
5.1% Road vehicles
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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