Bulgaria Bulgaria vs Slovenia Slovenia development indicators, 2024

Indicator
Bulgaria
Bulgaria, Value
Slovenia
Slovenia, Value
Bulgaria
Bulgaria, Rank
Slovenia
Slovenia, Rank
Bulgaria Bulgaria as % of
Slovenia Slovenia
Current account balance (% of GDP) -1.79 4.46 71 25
Exports of goods and services (% of GDP) 55.8 81.5 33 12 68.4 %
Foreign direct investment, net inflows (% of GDP) 3.12 2.69 40 44 116 %
GDP per capita (current US$) 17,412 34,089 62 36 51.1 %
GDP per capita, PPP (current international US$) 41,086 56,531 56 34 72.7 %
Imports of goods and services (% of GDP) 53.5 74.9 49 16 71.4 %
Inflation, consumer prices (annual %) 2.45 1.97 97 115 124 %
Net migration 524 3,319 74 60 15.8 %
Population, total 6,444,366 2,126,324 110 148 303 %

Demography and Health

Bulgaria has a crude birth rate of 8.9 per 1,000 people compared to Slovenia's 8, ranking Bulgaria 45th and Slovenia 64th. However, Bulgaria faces a higher crude death rate of 15.7 per 1,000 people, significantly more than Slovenia's 10.2, ranking it 9th against Slovenia's 49th. Life expectancy in Bulgaria stands at 75.7 years, which is lower than Slovenia's 82 years, highlighting a considerable gap in health outcomes. Furthermore, the mortality rate for children under five years in Bulgaria is 6.1 per 1,000 live births, compared to Slovenia's much lower rate of 2.2. The net migration rate is also notable, with Bulgaria attracting 524 migrants compared to Slovenia's 3,319, indicating a stronger appeal for migrants in Slovenia.

Economy

Bulgaria's GDP per capita is $17,412, falling significantly short of Slovenia's $34,089, ranking Bulgaria 103rd while Slovenia ranks 52nd. In terms of purchasing power parity, Bulgaria is at $41,086 compared to Slovenia's $56,531, reflecting a similar disparity in economic prosperity. The inflation rate in Bulgaria stands at 2.4%, while Slovenia's is marginally lower at 2.0%. Bulgaria's high-technology exports are valued at $3.2 billion, whereas Slovenia achieves $4.2 billion, ranking 57th for Bulgaria and 51st for Slovenia. The unemployment rate for Bulgaria is slightly higher at 4.3% compared to Slovenia's 3.7%

Trade and Investment

Bulgaria's exports of goods and services account for 55.8% of its GDP, significantly lower than Slovenia's 81.5%, with ranks of 68th for Bulgaria and 34th for Slovenia. Imports are also lower at 53.5% of GDP for Bulgaria versus Slovenia's 74.9%, signaling a smaller trade footprint. Foreign direct investment net inflows are at 3.1% of GDP for Bulgaria compared to 2.7% for Slovenia, ranking 56th and 65th respectively. The current account balance is negative for Bulgaria at -1.8% of GDP, while Slovenia enjoys a positive balance of 4.5%, representing ranks of 76th and 27th respectively.

Governance and Institutions

On the governance front, Bulgaria ranks poorly in control of corruption with a score of -0.1, compared to Slovenia's 0.8, indicating Slovenia's more robust institutional integrity. Similarly, Bulgaria scores 0 for government effectiveness versus Slovenia’s 1. Political stability also favors Slovenia at 0.8 compared to Bulgaria's 0.3, reflecting a more stable environment. Regulatory quality is better in Slovenia at 0.7 versus Bulgaria's 0.4. The rule of law in Bulgaria is rated at 0, while Slovenia scores 1, demonstrating more effective legal frameworks in the latter.

Infrastructure and Technology

In terms of infrastructure, Bulgaria has a logistics performance index of 3.1, lower than Slovenia’s 3.6, indicating better quality in Slovenia’s trade and transport-related infrastructure. Internet usage is higher in Slovenia with 90.4% of the population connected compared to Bulgaria's 80.4%, suggesting better connectivity and technological adoption in Slovenia. Additionally, Bulgaria's research and development expenditure stands at 0.8% of GDP, considerably less than Slovenia's 2.1%, which may reflect differing priorities on innovation and growth strategies.

Environment and Sustainability

When it comes to environmental sustainability, Bulgaria consumes 20.4% of its total final energy from renewable sources, lower than Slovenia's 23.4%, highlighting Slovenia’s proactive stance in sustainable energy. However, Bulgaria faces significant water stress, with 37.5% of its available resources withdrawn, ranked 4th highest, while Slovenia's figure is much lower at 6.3%, ranking it 21st. Bulgaria's total greenhouse gas emissions per capita stand at 8.3 t CO2e, compared to Slovenia’s 7.5 t CO2e, indicating a lesser burden on Slovenia’s environment. Both countries have a similar prevalence of undernourishment at 2.5%, indicating a stable food security situation.