According to CIA World FAct book Bulgaria`s GDP is 9600 $ and Romania`s 8100$,which means that Bulgaria is richer than Romania! But according to the data from the European Union Bulgaria`s GDP is only $3,480 and that of Romania $4,490. Now which one should I believe?
2007-01-05 04:34:35 · 7 answers · asked by bodit02 1 in Social Science ➔ Economics
I would prompt you to disregard the GDP figures, as they vary too much. But I can cite other factors, which show a discrepancy between the two countries, much in favour of Bulgaria. Firstly, only about 2% of the population of Bulgaria live below the poverty line, while the figure for Romania is higher by a few percentage points. In addition, only slightly over 80% of Romania's population has access to clean drinking water through a supply, while in Bulgaria this figure is a solid 100%. All of the figures, which I cite here are from sources independent to each country and unpartial and from statistics conducted from 2006 and 2005.
The Europen Union's figures I belive are not the right ones to go by. The numbers, which CIA published are in fact the real mesure of GDP per capita and I have checked them by the correct formula. It does indeed seem that Bulgaria is richer. But if not simply numbers, i would like to allude to the fact, that during Socialism, Romania struggled to settle as much of its international debt as possible, while keeping domestic expenditure far smaller, than what the Socilaist Bulgarian governemnt carried out. Despite this being a past historical reality of the pre-1989 era, as it is universally clear to anybody attempting to contemplate History, events such as this act strongly to underlay the future of countries.
Bulgaria can in fact boast a higher concentration of expensive and essential/ advanced appliances per 1000 people. Statistics, such as number of televisions per 1000 people, number of telehpones per 1000 people, number of computers per 1000 people have a much higher number in Bulgaria than in Romania. Bulgaria also has a much higher concentration of cell phone owners and internet users than Romania, which is one of the strong factors of development in modern terms.
2007-01-08 05:07:48 · answer #1 · answered by Lyubomir G 1 · 3⤊ 0⤋
Both these numbers are real but there's a difference between GDP per capita at Purchasing Power Parity ( called PPP; this is a constructed value) -which is $ 9600 in Bulgaria and $ 8100 in Romania- and "real" GDP per capita, which is around $ 3500 in Bulgaria and $ 4500 in Romania.
The higher GDP per capita at PPP in Bulgaria than in Romania and the lower real GDP means that even though they have lower wages in Bulgaria than in Romania the Bulgarians can buy more stuff with the same money - that is, things are cheaper in Bulgaria.
2007-01-06 00:00:26 · answer #2 · answered by XIII 5 · 0⤊ 1⤋
You mean GDP per capita.
As the differencies you state are that big (the CIA's nmbers are twice as big as those by EU) I take it those are different numbers. Perhaps the one is brutto and the other netto, perhaps they included import/export saldo in one of them and not in the other one.
Still, the contradicity of the data shows that the error in estimating them is bigger than the difference between Bg and Ro, so no conclusions can be made. Personally, I think the CIA got it right, $4000 is way too low for today's standards, it could have been true 10 years ago.
2007-01-05 04:45:39 · answer #3 · answered by Rumtscho 3 · 0⤊ 0⤋
Romania
2007-01-05 04:36:14 · answer #4 · answered by Anonymous · 1⤊ 4⤋
Romania.
2007-01-05 10:58:13 · answer #5 · answered by BARBOSA® 7 · 2⤊ 3⤋
Romania. Trust me, I live here.
2007-01-06 11:48:20 · answer #6 · answered by Sam 3 · 3⤊ 4⤋
bulgarians live better
2007-01-07 12:33:43 · answer #7 · answered by RX 5 · 3⤊ 3⤋