site.btaEmigration, Negative Natural Increase Rate, Population Ageing Have Strong Impact on Bulgaria's Economy, Study Says

Bulgaria's demographic decline has had a strong negative impact on gross domestic product (GDP) growth since 2009, with an average negative effect of about 0.9 percentage points per year, according to an analysis by the Bulgarian Council for Economic Analyses (BCEA) on Demographic Challenges Facing the Bulgarian Economy, presented at the Council of Ministers building on Friday. This negative effect is equal to about 45% of the average annual GDP growth rate for the period 2010-2021.