Bulgaria Bulgaria vs Denmark Denmark development indicators, 2024

Indicator
Bulgaria
Bulgaria, Value
Denmark
Denmark, Value
Bulgaria
Bulgaria, Rank
Denmark
Denmark, Rank
Bulgaria Bulgaria as % of
Denmark Denmark
Current account balance (% of GDP) -1.79 13 71 8
Exports of goods and services (% of GDP) 55.8 69.7 33 24 80 %
Foreign direct investment, net inflows (% of GDP) 3.12 4.21 40 26 74 %
GDP per capita (current US$) 17,412 71,852 62 11 24.2 %
GDP per capita, PPP (current international US$) 41,086 79,514 56 13 51.7 %
Imports of goods and services (% of GDP) 53.5 58.9 49 36 90.8 %
Inflation, consumer prices (annual %) 2.45 1.37 97 129 178 %
Net migration 524 25,639 74 34 2.04 %
Population, total 6,444,366 5,976,992 110 114 108 %

Demography and Health

Bulgaria and Denmark display notable differences in demographic indicators and health outcomes. In terms of birth rates, Bulgaria has a crude birth rate of 8.9 per 1,000 people, slightly lower than Denmark's 9.7, placing Bulgaria at the 45th rank globally while Denmark ranks 24th. Conversely, Bulgaria faces a significantly higher crude death rate of 15.7 per 1,000 people, ranking 9th in the world, compared to Denmark's 9.8 and its rank of 54th. These figures suggest a challenging demographic situation for Bulgaria, characterized by a declining population, while Denmark maintains a more balanced demographic trend.

Regarding health metrics, life expectancy at birth is another critical indicator. Bulgarians live on average 75.7 years, significantly lower than the 81.9 years in Denmark, placing Bulgaria at the 69th rank compared to Denmark’s 27th. Furthermore, Bulgaria’s under-5 mortality rate of 6.1 per 1,000 live births is substantially higher than Denmark's 3.4, indicating challenges in child health care. The prevalence of undernourishment is equal at 2.5% for both countries, demonstrating a relative success in food security.

Economy

Economic indicators for Bulgaria and Denmark illustrate a stark contrast in GDP and overall economic health. Bulgaria's GDP per capita is approximately $17,412, ranking 103rd globally, while Denmark boasts a GDP per capita of $71,852, ranking 9th. Furthermore, when assessing GDP per capita in purchasing power parity (PPP), Bulgaria’s figure is $41,086, again lagging behind Denmark's $79,514. This disparity illustrates Denmark’s advanced economic standing in comparison to Bulgaria.

Both countries show a heavy reliance on exports; however, Bulgaria’s exports of goods and services constitute 55.8% of its GDP, while Denmark leads with 69.7%. Bulgaria faces some inflation challenges, evidenced by a consumer price inflation rate of 2.4%, compared to Denmark's lower rate of 1.4%. These economic metrics highlight Bulgaria's ongoing economic struggles relative to Denmark's robust and stable economy.

Trade and Investment

In the realm of trade, Bulgaria's import and export figures as a percentage of GDP indicate a highly active trade environment, with imports at 53.5% and exports at 55.8%. In contrast, Denmark's import figure is slightly higher at 58.9%, and exports are at 69.7%. Denmark's efficiency in managing trade is demonstrated in its logistics performance index score of 4.1, while Bulgaria scores lower at 3.1. This difference reflects Denmark's superior trade infrastructure and logistics.

Foreign direct investment (FDI) is also a significant indicator of economic health, with Bulgaria seeing net inflows of 3.1% of GDP against Denmark's 4.2%. Additionally, Bulgaria's net migration number stands at 524, while Denmark benefits significantly from a net migration figure of 25,639, enhancing its labor market and economic prospects.

Governance and Institutions

The governance landscape starkly contrasts between Bulgaria and Denmark in terms of effectiveness and corruption control. Bulgaria scores poorly in control of corruption, with a score of -0.1, ranking 79th, while Denmark ranks 2nd with a score of 2.4, suggesting a highly effective governance system. Government effectiveness also reflects this disparity; Bulgaria's score is 0, ranking 76th, in contrast to Denmark's high score of 2, placing it first. Additionally, Denmark excels in regulatory quality with a score of 1.8, compared to Bulgaria's 0.4.

Political stability is another area where Denmark outperforms Bulgaria significantly. Denmark’s score in political stability and absence of violence/terrorism is 0.9 (rank 20), compared to Bulgaria's score of 0.3 (rank 74). These indicators suggest that Denmark not only has more effective governance but also a more stable and predictable political environment.

Infrastructure and Technology

When considering infrastructure and technological advancement, Denmark outshines Bulgaria significantly. The logistics performance index illustrates this gap, with Denmark scoring 4.1 (rank 5) versus Bulgaria’s 3.1 (rank 22). This suggests that Denmark's logistics and transport infrastructure is far superior, facilitating better trade and economic growth.

In terms of research and development, Denmark invests approximately 2.9% of its GDP compared to Bulgaria's 0.8%, indicating a more robust commitment to innovation and technological advancement. Furthermore, high-technology exports from Bulgaria amount to $3.2 billion, ranking 57th, while Denmark’s exports reach $16.1 billion, encouraging a more dynamic technology sector.

Environment and Sustainability

Environmental indicators show considerable differences between Bulgaria and Denmark, particularly regarding renewable energy consumption and greenhouse gas emissions. Bulgaria's renewable energy consumption is 20.4% of total final energy consumption, comparatively lower than Denmark's 39.5%, ranking Bulgaria 14th and Denmark 4th environment-wise. This reflects Denmark’s commitment to sustainable energy practices and reducing reliance on fossil fuels.

However, Bulgaria faces significant environmental challenges, with total greenhouse gas emissions per capita standing at 8.3 t CO2e compared to Denmark's 7 t CO2e. Bulgaria's high level of water stress, with 37.5% of freshwater resources withdrawn, indicates pressures on its water resources, ranked 4th globally, compared to Denmark's 26.4% at rank 9. The environmental metrics suggest that while both nations have environmental challenges, Denmark is achieving more in sustainability than Bulgaria.