4 ms·

Bulgaria's GDP in 2023 was about 4x that of 1989. IT industry is about 5-6% of Bulgaria's GDP.

by nickpp 4y ago

culi 4y ago
I think you're looking at gross and not real GDP. Regardless, GDP growth is probably what you should look at if you want to compare. On that metric, 1988 was actually the highest year of GDP growth and Bulgaria has never reached that level since https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=BG https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locat...
- yrgulation 4y ago
  Can y’all show some dignity and not turn every thread where either of your countries are mentioned into bitching and whining? Show some dignity and surface the good in your respective countries. I know the eu conditioned you into thinking the two are do nothing sources of cheap labour and perpetual poverty. Both countries are orders of magnitude more developed, and indeed less corrupt and more democratic, than say india or russia yet you dont see people of those countries constantly bitch. The past is a done deal. Was there anything you can build upon? I know in romania there was a bit of innovation even under communism, including in electronics. Old industries died because of poor management and geopolitics. I know the tim-s and hc computers were popular in romanian schools, i grew up there and we did programming from an early age. If you ate roots feed by “mafias” i feel sorry for you but thats not everything and shouldn't dominate your lives.
  - robotomir 4y ago
    Sadly, the "everything is bad" refrain which 10 years ago was invented by conservative eurasianists is today picked up by the new liberal left.
bluetomcat 4y ago
GDP is a mere indicator based on the total cash sum of all transactions in an economy. Increased consumption of goods and services doesn't necessarily equate a healthier economy. The former communist economy of Bulgaria was a very different beast altogether. Services were practically non-existent, or entirely in the gray sector where individuals were repairing cars or giving music lessons to children for cash and mutual favours. The structure of society eliminated the need for whole classes of services which are in the private sector today - think private healthcare, travel agencies, consulting agencies, analytic agencies, etc. The current IT industry in Bulgaria is not a game-changer for the whole country. It consists mainly of outsourcing companies concentrated in Sofia, exploiting the relatively cheap labour there. Few local companies develop their own product and accumulate their capital locally.

Bulgaria's GDP in 2023 was about 4x that of 1989. IT industry is about 5-6% of Bulgaria's GDP.

by nickpp 4y ago

Bulgaria's GDP in 2023 was about 4x that of 1989. IT industry is about 5-6% of Bulgaria's GDP.

culi 4y ago

I think you're looking at gross and not real GDP. Regardless, GDP growth is probably what you should look at if you want to compare. On that metric, 1988 was actually the highest year of GDP growth and Bulgaria has never reached that level since https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=BG https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locat...

yrgulation 4y ago
Can y’all show some dignity and not turn every thread where either of your countries are mentioned into bitching and whining? Show some dignity and surface the good in your respective countries. I know the eu conditioned you into thinking the two are do nothing sources of cheap labour and perpetual poverty. Both countries are orders of magnitude more developed, and indeed less corrupt and more democratic, than say india or russia yet you dont see people of those countries constantly bitch. The past is a done deal. Was there anything you can build upon? I know in romania there was a bit of innovation even under communism, including in electronics. Old industries died because of poor management and geopolitics. I know the tim-s and hc computers were popular in romanian schools, i grew up there and we did programming from an early age. If you ate roots feed by “mafias” i feel sorry for you but thats not everything and shouldn't dominate your lives.
- robotomir 4y ago
  Sadly, the "everything is bad" refrain which 10 years ago was invented by conservative eurasianists is today picked up by the new liberal left.

bluetomcat 4y ago

GDP is a mere indicator based on the total cash sum of all transactions in an economy. Increased consumption of goods and services doesn't necessarily equate a healthier economy. The former communist economy of Bulgaria was a very different beast altogether. Services were practically non-existent, or entirely in the gray sector where individuals were repairing cars or giving music lessons to children for cash and mutual favours. The structure of society eliminated the need for whole classes of services which are in the private sector today - think private healthcare, travel agencies, consulting agencies, analytic agencies, etc. The current IT industry in Bulgaria is not a game-changer for the whole country. It consists mainly of outsourcing companies concentrated in Sofia, exploiting the relatively cheap labour there. Few local companies develop their own product and accumulate their capital locally.