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Standard of living in Bulgaria

If you choose where to go for permanent residence, then you will certainly be interested in information about Bulgaria. Learn about the standard of living in this country, you can from this article.

The standard of living in Bulgaria is difficult to assess unambiguously. On the one hand, the cost of living in this EU country is small, on the other, the country is corrupt.

In Bulgaria, 98.6 percent of the total population is literate (2003 information). Among the male population, this number was equal to 99.1% and among female 98,2%.

The population growth rate (as of 2015) was 0.813%. The birth rate was at 9.58 per 1,000 inhabitants. The death rate was 14.3 per 1000 inhabitants of Bulgaria. The fertility rate is expressed as 1.93 children per woman. Mortality among children (according to 2016) was at the level of 18.51 per 1000 newborns. The total life expectancy (as of 2016) of the Bulgarian population 72,83 years.

In 2002, the European Commission recognized Bulgaria as a state with a market economy, which clearly highlighted and emphasized the success of the public authorities in market reform. The result of the filling of the budget of Bulgaria shows a surplus of 3%, which in total with stable GDP growth contributed to the reduction of the country’s public debt to 22.8% of GDP as of 2015. For comparison, in 2001, the debt was 67.3 percent. However, there is a negative rate in Bulgaria, which makes it possible to open a green road to carry out the inflow of foreign investment. The gross domestic product per capita as of 2007 was approximately one-third of the EU25 average. However, the nominal gross domestic product per capita is about 13 percent.

As of January 1, 2015, income tax for any category of the Bulgarian population was paid at the rate of 10%. This amount of payment is actually considered to be one of the smallest in the world and the lowest in the European Union. In the data of 2009, analysts who cooperate with the European statistics Agency “Eurostat”, one of the “cheapest” for the life of the countries called Bulgaria, as living on its territory resulted in an amount of 49% less than the average in European countries.

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