On 30 May 2016 The Center for the Study of Democracy presented the results of the IMD World
Competitiveness Yearbook 2016. In 2016, Bulgaria ranks 50th out of 61 economies, while in 2015 it ranked 55th.
The profile of the Bulgarian competitiveness for 2016 shows detachment from the bottom, after nearly five years of stagnation. In 2016, Bulgaria ranks 50th out of 61 economies, which is an improvement of five places compared to 2015. The Bulgarian economy however remains among the most uncompetitive in Europe, with only Greece, Croatia and Ukraine having lower scores.