Gross national income

For the first time, Bulgaria has been classified among the countries with high national income according to the World Bank's classification, as reported by bTV. The World Bank Group categorizes the world's economies into four income groups: low, lower-middle, upper-middle, and high.

Although national income indeed grew significantly after 2013 (on average around 4 per cent per year until the pandemic), the overall performance of the economy proved to be much bleaker than depicted on the government posters, even before the current crisis.

The Bulgarians are fortunate enough to live in the economically developed part of the planet but can not yet skip the threshold and enter the group of the highest income countries in the world where is all the rest of the EU except our neighbors Romania and Croatia.