ued vigorously. Mass privatization of state-owned industry
continued to move slowly, although privatization of small-scale
industry, particularly in the retail and service sectors,
accelerated. The Bulgarian economy will continue to grow in 1996,
but economic reforms will remain politically difficult as the
population has become weary of the process.

GDP: purchasing power parity - $43.2 billion (1995 est.)

GDP real growth rate: 2.4% (1995 est.)

GDP per capita: $4,920 (1995 est.)

GDP composition by sector:
agriculture: 12%
industry: 36%
services: 52% (1994)

Inflation rate (consumer prices): 35% (1995)

Labor force: 3.1 million
by occupation: industry 41%, agriculture 18%, other 41% (1992)

Unemployment rate: 11.9% (1995 est.)

Budget:
revenues: $3.8 billion
expenditures: $4.4 billion, including capital expenditures of $NA
(1994)

Industries: machine building and metal working, food processing,
chemicals, textiles, construction materials, ferrous and nonferrous
metals

Industrial production growth rate: 2% (1995)

Electricity:
capacity: 11,500,000 kW
production: 38.1 billion kWh
consumption per capita: 4,342 kWh (1994)

Agriculture: grain, oilseed, vegetables, fruits, tobacco; livestock

Illicit drugs: important transshipment point for Southwest Asian
heroin and, to a lesser degree, South American cocaine transiting
the Balkan route; limited producer of precursor chemicals

Exports: $4.2 billion (f.o.b., 1994)
commodities: machinery and equipment 12.8%; agriculture and food
21.9%; textiles and apparel 14%; metals and ores 19.7%; chemicals
16.9%; minerals and fuels 9.3%
partners: former CEMA countries 35.7%; OECD 46.6% (EU 33.5%); Arab
countries 5.1%; other 12.6%

Imports: $4 billion (c.i.f., 1994)
commodities: fuels, minerals, and raw materials 30.1%; machinery and
equipment 23.6%; textiles and apparel 11.6%; agricultural products
10.8%; metals and ores 6.8%; chemicals 12.3%; other 4.8%
partners: former CEMA countries 40.3%; OECD 48.3% (EU 34.1%); Arab
countries 1.7%; other 9.7%

External debt: $10.4 billion (1995)

Economic aid:
recipient: ODA, $39 million (1993)
note: $700 million in balance of payments support from Western
nations (1994)

Currency: 1 lev (Lv) = 100 stotinki

Exchange rates: leva (Lv) per US$1 - 70.5 (December 1995), 54.2
(1994), 27.1 (1993), 23.3 (1992), 18.4 (1991); note - floating
exchange rate