The Bulgarian economy is classified as an upper-middle-income economy, characterized by a diverse range of sectors including services, industry, and agriculture. The country has made significant progress since joining the European Union in 2007, benefiting from increased foreign investment and access to EU markets. Key industries in Bulgaria include tourism, information technology, and manufacturing. The agricultural sector is also important, with products like sunflower oil and wine being significant exports. Despite challenges such as unemployment and regional disparities, Bulgaria continues to work towards sustainable economic growth and development.