The Fastest Shrinking Countries: Bulgaria is “Winner” Yet Again

Written by on February 21, 2017 in Bulgaria, Latest - 2 Comments

Bulgaria and superlatives are very compatible these days. Unfortunately, only some of the country’s “wins” are positive.

Just days ago, Bulgaria was named the cheapest holiday destination, which is actually good. A few days before that, Bulgaria appeared on a list with minimum wages in Europe and got the last place, with a scandalous value. Some two weeks back, Bulgaria was named one of the most toxic countries on the face of the Earth.

Now, Bulgaria is the “winner” (actually the loser) yet again. According to Forbes, which is listing U.N. projections, it is the fastest shrinking country. The prediction is that from 2015 to 2050, Bulgaria will have lost 27.9% of its population, which is far more than a fourth. Absolutely no other country on this planet matches that grim outlook.

This would mean that the population will shrink from 7.1 million in 2015 down to 5.1 million in 2050.

The second country in line is not far away, at least not geographically: Romania’s population will shrink by 22% until 2050. Ukraine, Moldova and Bosnia don’t look much better, in this regard.

Another alarming tendency is the ageing of societies. In 1995, there was one country which had more people over 65 than under 15, according to Forbes. Today, there are 30 of them. This development will likely stop the global population growth this century, which might not be so bad, but it will lead to problems in individual countries, e.g. with pensions, including in Bulgaria.

By im.

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2 Comments on "The Fastest Shrinking Countries: Bulgaria is “Winner” Yet Again"

  1. Molly Burke Kirova February 22, 2017 at 4:56 AM · Reply

    This is no real news for those who have been here a long time, as I have. However, as a returnee lecturer at the the American University in Bulgaria, there is change in the air. This term I have noted a visible and welcome number of Bulgarian-American and Canadian young people, and they didn’t just come to study because tuitions are cheaper. They also came because they sense rising entrepreneurial opportunities they wouldn’t get where they were raised. There is hope!

    • Admin February 22, 2017 at 5:12 AM · Reply

      Thanks so much for your comment, Molly!

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