Key Aspects of Socio-Economic Development of Bulgaria over the 2001–2019 Period

Abstract

Goal – the aim of the article is to present the Bulgarian economic situation and development for the last 20 years. The observed trends reasons are indicated, the factors are derived and the socio‑economic consequences for the country are determined by statistical data analysis on manufacturing, labor resources, education, healthcare, employment, unemployment and income of the Bulgarian population. Research methodology – standard research methods are used for the article’s purposes such as: analysis and synthesis, critical analysis, comparative analysis, inductive and deductive method. Score/results – as a result of the analysis of the main macroeconomic indicators for Bulgaria, conclusions are reached about the vulnerability of the small economy and the existing risks in its development. At the same time, the available internal reserves are presented, which can be used to balance risks and increase the potential for economic growth. Originality/value – the article presents the author’s vision for the economic development of Bulgaria along with the related problems and opportunities, based on the official statistical information.