Bulgaria and The Transatlantic Economy Petar T Ivanov
Bulgaria and The Transatlantic Economy Petar T. Ivanov, Executive Director, American Chamber of Commerce in Bulgaria Explore USA Conference, April 9 th, 2019, Inter. Continental Sofia
1. U. S. Investments in Bulgaria
U. S. Investments in Bulgaria (1990 – 2016) § U. S. investments in BG are statistically under reported. § In fact they are twice as big: at least 5, 7% of all FDIs (vs. 2, 5% so far)
U. S. Investments in Bulgaria (1990 – 2016)
U. S. Investments in Bulgaria (1990 – 2016) § 11, 17% of all FDIs in Bulgaria come from the U. S. A. § Focused in 5 strategic sectors: processing industry, energy, trade, ICT, agriculture
U. S. Investments in Bulgaria (1990 – 2016)
U. S. Investments in Bulgaria (1990 – 2016) The result: The U. S. A. are at 6 th place among the country-investors in Bulgaria (out of 13 th before the new data)
2. The Transatlantic Economy 2019
The Transatlantic Economy 2019 § U. S. and EU are the biggest global market § over 850 million people § USD 5, 5 trillion of the total global sales § Over half of the global GDP § > 16, 000 jobs § 55% of all U. S. investments come in Europe § 54% of all investments in the USA come from Europe The Transatlantic Economy 2019, published by Am. Cham EU, and prepared by Daniel S. Hamilton and Joseph P. Quinlan
Transatlantic Economy: Bulgaria’s Data § Bulgaria opened at least 102 jobs in the U. S. § Bulgaria’s goods export to USA - USD 659 million § USA’s goods export to Bulgaria - USD 382 million. § Bulgaria’s services export to USA - USD 406 mln § U. S. services exports to Bulgaria - USD 469 mln. The Transatlantic Economy 2019, published by Am. Cham EU, and prepared by Daniel S. Hamilton and Joseph P. Quinlan
Transatlantic Economy: Bulgaria’s Data § Bulgaria’s Top 5 U. S. goods exports to U. S. : § § § Computers and electronic production Machinery manufactures Apparel and Accessories Chemicals Crop production The Transatlantic Economy 2019, published by Am. Cham EU, and prepared by Daniel S. Hamilton and Joseph P. Quinlan (USD (USD 106 mln) 81 mln) 75 mln) 42 mln).
Transatlantic Economy: Bulgaria’s Data § The U. S. received 1, 5% of the total goods Bulgaria exported to the world. § But the U. S. share increases to 4. 0% when the intra-EU trade is excluded from the total. The Transatlantic Economy 2019, published by Am. Cham EU, and prepared by Daniel S. Hamilton and Joseph P. Quinlan
Thank you.
- Slides: 15