Finance of Bulgaria
The minimum monthly wage in Bulgaria is 311 USD. Bulgaria has a government debt of 47.4% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Bulgaria is 1.5%. The currency of Bulgaria is Bulgarian lev. There are several plural forms of the name 'Bulgarian lev'. These are leva, levs. The symbol used for this currency is лв, and it is abbreviated as BGN. The Bulgarian lev is divided into stotinka; there are 100 in one lev. Each year, consumers spend around $68,704 million. The ratio of consumer spending to GDP in Bulgaria is 0.13%, and the ratio of consumer spending to the world consumer market is 19.81%. The corporate tax in Bulgaria is set at 10%. Personal income tax ranges from 10% to 10%, depending on your specific situation and income level. VAT in Bulgaria is 20%.
Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Bulgaria is $129,104 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Bulgaria was last recorded at $18,346,851. PPP in Bulgaria is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Bulgaria is 54,481 billion. Based on this statistic, Bulgaria is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Bulgaria was last recorded at $7,742,245. The average citizen in Bulgaria has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Bulgaria averaged 1.4% in 2014. According to this percentage, Bulgaria is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.