Does Bulgaria have a bad economy?

During the Great Recession, Bulgaria saw its economy decline by 5.5\% in 2009, but quickly restored positive growth levels to 0.2\% in 2010, in contrast to other Balkan countries….Economy of Bulgaria.

Statistics
GDP growth	3.1\% (2018) 3.7\% (2019) −3.8\% (2020) 4.5\% (2021)
GDP per capita	$11,350 (nominal, 2021 est.) $26,448 (PPP, 2021 est.)

Is Russia richer than Bulgaria?

Bulgaria has a GDP per capita of $21,800 as of 2017, while in Russia, the GDP per capita is $27,900 as of 2017.

How many Bulgarians are in Bulgaria?

6,000,000 people
Bulgarians are the main ethnic group in Bulgaria, according to the census of the population in 2011 they are 6,000,000 people, or 86\% of the country’s population.

Is Bulgaria Western?

But overall yes – a western country. And historically – for more than 10 centuries the country has consistently chosen to be part of the western world when it had to make this choice.

How old is Bulgaria?

Sometimes people forget how old Bulgaria truly is. Our country was founded in 681 by Khan Asparukh, which makes us more than 1,300 years old. We’ve had not one but two Great Bulgarian Empires, accessing three seas and ruling over almost the entire Balkan peninsula between the 7th and 11th centuries AD.

Why Bulgaria is a poor country?

It is one of the poorest countries in Europe. 65 per cent of the population is currently unable or barely able to cover their living expenses. This is due to the high level of indebtedness of state-owned companies in the energy sector and hospitals, poor infrastructure and the threat of population decline.

Is Bulgaria a poor country?

Bulgarians have been living in poverty since the fall of the communist regime in November 1990. EuroStat found that, in 2017, 2.5 million Bulgarians (35 percent of the population) are living in poverty. More than a third of the European Union poverty resides in Bulgaria, Romania and Greece combined.

Why is Romania considered to be a bad country?

Romania is a very rich country that has had bad luck. We’ve already covered the communism, atrocious governance, geographic misfortune yadda yadda…almost all neighboring nations suffered similarly. Romania differs in a few key aspects which, I believe, make all the difference.

Is it safe to live in Bulgaria and Romania?

However, this does not mean that either Bulgaria or Romania are countries that you should stay away from. On the contrary: all the problems that these countries go through at the moment are a good opportunity for those foreigners looking for a low cost of living opportunity in a country that is still very safe and nice to be in.

Is Bulgaria the least happy country in the European Union?

According to a EuroStat survey of EU satisfaction rates, Bulgaria is the least happy country in the European Union . After joining the EU in 2007, Bulgarians were hopeful that conditions would improve. On the contrary, unemployment rates remained high and Bulgaria continued to be the poorest country in the Union.