Economy, jobs and prices in Targovishte (Severoiztochen, Bulgaria): official figures
GDP per person was 16,800 purchasing power standards (PPS) in 2024, 42% of the EU average (66% for Bulgaria); 11th highest of 28 provinces in Bulgaria.
How big is the economy of Targovishte?
The local economy produced €990.33 million of output (GDP) in 2024.
Source: Eurostat · saved copyHow many people work in Targovishte?
About 49,490 people worked in Targovishte in 2023 (employment by place of work).
Source: Eurostat · saved copyWhat is the average salary in Targovishte district?
The average annual wage in Targovishte district was 21,158 leva in 2024, roughly 1,763 leva a month; that is 13th lowest of 28 districts and 76% of the Bulgarian average (27,898 leva).
Source: National Statistical Institute of Bulgaria (NSI) · saved copyWhich jobs pay most in Targovishte district?
In Targovishte the best-paid sector in 2024 was education at 29,264 leva a year, and the lowest-paid was accommodation and food service activities at 12,121 leva.
Source: National Statistical Institute of Bulgaria (NSI) · saved copyWhat is the GDP per capita of Targovishte district?
Gross domestic product per person in Targovishte was 20,352 leva in 2024, 64% of the national figure; industry produced 24.7% of its gross value added and services 65.3%.
Source: National Statistical Institute of Bulgaria (NSI) · saved copyHow much foreign investment does Targovishte district have?
Foreign direct investment in non-financial enterprises in Targovishte stood at 279 million euro at the end of 2024, or 2,943 euro per resident, 10th highest of 28 districts (national average 5,267 euro).
Source: National Statistical Institute of Bulgaria (NSI) · saved copyHow many companies are there in Targovishte district?
There were 5,160 non-financial enterprises in Targovishte in 2024 (54 per 1,000 residents, national 73), employing 22,696 people and reporting net sales of 3,618 million leva.
Source: National Statistical Institute of Bulgaria (NSI) · saved copyWhat is the unemployment rate in Targovishte district?
Labour offices in Targovishte district had 3,581 registered unemployed people on average in 2024, a registered unemployment level of 9.3% against 5.2% nationally, 8th highest of 28 districts.
Source: National Statistical Institute of Bulgaria (NSI) · saved copyHow many hotels are there in Targovishte district?
Targovishte district had 15 accommodation establishments with 648 bed-places in 2024, and they welcomed 23,498 overnight visitors.
Source: National Statistical Institute of Bulgaria (NSI) · saved copyWhat is the main industry in Targovishte?
The largest part of the economy of Targovishte in 2024 was trade, transport, hospitality and communications, at 29.8% of gross value added, followed by public administration, education, health and other services (21.5%).
Source: Eurostat · saved copyHow industrial is Targovishte?
Factories, mines and energy produced 17.6% of the value added in Targovishte in 2024, against 19.4% for Bulgaria.
Source: Eurostat · saved copyHow fast is the economy of Targovishte growing?
Gross value added rose from €0.4 billion in 2015 to €0.9 billion in 2024 in current prices, an increase of 118% before inflation.
Source: Eurostat · saved copyWhat jobs do people do in Targovishte?
Of the 49,490 jobs located in Targovishte in 2023, 17% in public services, education, health and other services, 19% in industry and 37.6% in farming, forestry and fishing.
Source: Eurostat · saved copyAre jobs growing in Targovishte?
The number of people working in Targovishte fell by 4.2% between 2015 and 2023, to 49,490.
Source: Eurostat · saved copyMore figures
- Targovishte district had an average of 24,808 employees on labour or civil-service contracts in 2024; 29.0% of them worked in manufacturing (national share 19.1%). Source: National Statistical Institute of Bulgaria (NSI) · saved copy
- Measured in current prices, GDP per person in Targovishte rose from 12,958 leva in 2019 to 20,352 leva in 2024, a gain of 57% (Bulgaria: 76%). Source: National Statistical Institute of Bulgaria (NSI) · saved copy
- Businesses and public bodies in Targovishte spent 255 million leva on acquiring tangible fixed assets in 2024, 2,694 leva per resident against 5,793 leva nationally; the private sector accounted for 85%. Source: National Statistical Institute of Bulgaria (NSI) · saved copy
- Of the registered unemployed in Targovishte in 2024, 10.2% were aged 29 or under and 27.7% had been registered for more than a year (national shares 11.1% and 20.4%). Source: National Statistical Institute of Bulgaria (NSI) · saved copy
- Accommodation in Targovishte earned 2.6 million leva from 36,530 nights spent in 2024, about 72 leva per night against 87 leva across Bulgaria. Source: National Statistical Institute of Bulgaria (NSI) · saved copy
How Targovishte compares with other provinces in Bulgaria
Registered unemployment level (%) (2024)
Targovishte ranks 8 of 28, highest first. Average annual number of unemployed registered at labour offices as a share of the labour force
| Rank | Area | Registered unemployment level (%) |
|---|---|---|
| 5 | Shumen | 10.2% |
| 6 | Razgrad | 9.7% |
| 7 | Vratsa | 9.7% |
| 8 | Targovishte | 9.3% |
| 9 | Blagoevgrad | 9.2% |
| 10 | Kardzhali | 9.2% |
| 11 | Smolyan | 8.5% |
Accommodation revenue per night spent (leva) (2024)
Targovishte ranks 13 of 28, highest first.
| Rank | Area | Accommodation revenue per night spent (leva) |
|---|---|---|
| 10 | Stara Zagora | 77 |
| 11 | Plovdiv | 75 |
| 12 | Haskovo | 74 |
| 13 | Targovishte | 72 |
| 14 | Sliven | 69 |
| 15 | Ruse | 68 |
| 16 | Smolyan | 66 |
Average annual wage of employees (leva) (2024)
Targovishte ranks 16 of 28, highest first. Employees under labour and civil-service contracts
| Rank | Area | Average annual wage of employees (leva) |
|---|---|---|
| 13 | Pernik | 21,641 |
| 14 | Veliko Tarnovo | 21,565 |
| 15 | Pazardzhik | 21,392 |
| 16 | Targovishte | 21,158 |
| 17 | Yambol | 21,133 |
| 18 | Dobrich | 20,840 |
| 19 | Montana | 20,728 |
Foreign direct investment per resident (euro) (2024)
Targovishte ranks 10 of 28, highest first. Stock in non-financial enterprises at 31 December 2024
| Rank | Area | Foreign direct investment per resident (euro) |
|---|---|---|
| 7 | Razgrad | 3,191 |
| 8 | Stara Zagora | 3,152 |
| 9 | Ruse | 3,142 |
| 10 | Targovishte | 2,943 |
| 11 | Pazardzhik | 2,896 |
| 12 | Pernik | 2,443 |
| 13 | Blagoevgrad | 2,351 |
Non-financial enterprises per 1,000 residents (2024)
Targovishte ranks 21 of 28, highest first.
| Rank | Area | Non-financial enterprises per 1,000 residents |
|---|---|---|
| 18 | Sofia | 56 |
| 19 | Lovech | 56 |
| 20 | Shumen | 55 |
| 21 | Targovishte | 54 |
| 22 | Pazardzhik | 54 |
| 23 | Razgrad | 53 |
| 24 | Pleven | 52 |
Share of output from industry (manufacturing, mining and energy) (2024)
Targovishte ranks 19 of 28, highest first.
| Rank | Area | Share of output from industry (manufacturing, mining and energy) |
|---|---|---|
| 16 | Kyustendil | 20.5% |
| 17 | Veliko Tarnovo | 18.8% |
| 18 | Burgas | 18.2% |
| 19 | Targovishte | 17.6% |
| 20 | Dobrich | 17.0% |
| 21 | Montana | 15.4% |
| 22 | Varna | 15.1% |
Share of output from finance, property and business services (2024)
Targovishte ranks 24 of 28, highest first.
| Rank | Area | Share of output from finance, property and business services |
|---|---|---|
| 21 | Razgrad | 15.4% |
| 22 | Kardzhali | 15.2% |
| 23 | Plovdiv | 15.1% |
| 24 | Targovishte | 14.0% |
| 25 | Gabrovo | 13.9% |
| 26 | Sofia | 12.6% |
| 27 | Vratsa | 10.2% |
Share of output from public administration, education, health and other services (2024)
Targovishte ranks 21 of 28, highest first.
| Rank | Area | Share of output from public administration, education, health and other services |
|---|---|---|
| 18 | Ruse | 22.7% |
| 19 | Pernik | 22.7% |
| 20 | Plovdiv | 21.8% |
| 21 | Targovishte | 21.5% |
| 22 | Burgas | 21.5% |
| 23 | Gabrovo | 21.4% |
| 24 | Varna | 20.3% |
More on Targovishte: overview · health · education and schools · poverty and living standards · government and politics · Severoiztochen · Bulgaria
Sources
- Eurostat: Eurostat dataset nama_10r_3gdp: GDP per person, PPS (NUTS 3), read 23 October 2026 · saved copy (SHA-256 3bf0fc662f56…)
- Eurostat: Eurostat dataset nama_10r_3gdp: GDP, million euros (NUTS 3), read 23 October 2026 · saved copy (SHA-256 096e15e5fdb3…)
- Eurostat: Eurostat dataset nama_10r_3empers: Employment, thousand people (NUTS 3), read 23 October 2026 · saved copy (SHA-256 664e4e3a6dc0…)
- Eurostat: Eurostat dataset nama_10r_3empers: Employment (thousand persons) by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 222a97c302d3…)
- Eurostat: Eurostat dataset nama_10r_3gva: Gross value added at basic prices by NUTS 3 region and industry, read 23 October 2026 · saved copy (SHA-256 c656e8563bdf…)
- National Statistical Institute of Bulgaria (NSI): Regions, districts and municipalities in the Republic of Bulgaria 2024 (yearbook tables by statistical region, district and municipality), read 24 October 2026 · saved copy (SHA-256 81cba27bb0cc…)
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