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A view of Business Park Sofia. The capital generates a large portion of the nation’s GDP.A sunflower field in Dobrudja, one of the most fertile regions in BulgariaBulgaria has an industrialised, open free market economy, with a large, moderately advanced private sector and a number of strategic state-owned enterprises. The World Bank classifies it as an upper-middle-income economy. Bulgaria has experienced rapid economic growth in recent years, even though it continues to rank as the lowest-income member state of the EU. According to Eurostat data, Bulgarian PPS GDP per capita stood at 40 per cent of the EU average in 2008. The United States Central Intelligence Agency estimated Bulgarians’ GDP per capita at $12,900 in 2008, or about a third that of Belgium. The economy relies primarily on industry and agriculture, although the services sector increasingly contributes to GDP growth. Bulgaria produces a significant amount of manufactures and raw materials such as iron, copper, gold, bismuth, coal, electronics, refined petroleum fuels, vehicle components, weapons and construction materials.