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Bulgaria

Welcome to the price transmission page for Bulgaria. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Bulgaria

Historic Warnings per Commodity

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Background information

Bulgaria transformed successfully from a centrally-planned system under the Soviet era to a market economy. In the beginning of the century, Bulgaria exhibited above-average annual growth fueled by domestic consumption and foreign investments next to excessive bank lending. The economy however contracted in 2009 during the Global Recession and prior-crisis growth levels could not be reached since then.

Almost half of the available land is exploited for agricultural purposes such as growing vegetables, fruits, tobacco, wine, wheat, barley, sunflowers and sugar beets. The agricultural sector as a whole contributes to one-twentieth of GDP and engages slightly less than one-tenth of the labor force. Bulgaria is a net exporter of cereals for a share as much as 92.2% of the total domestic consumption.

The upper-middle income country exhibits an unemployment rate averaging 10%. Scoring 0.782 on the HDI (2014), the former communist country ranked among the countries with a high level of human development. However, slightly less than one-tenth of the children under the age of five are stunted and about one-fifth of the total population is living below the national poverty line.