Time flew by, and it was once again time for the year-end review.
1925 could be called a watershed year. The full opening of the Baghdad Railway marked the consolidation of Bulgaria's rule over the Persian Gulf region.
Its impact on world history was also far-reaching, laying the foundation for Bulgaria's rise.
Economically, Bulgaria's gross national income in 1925 reached as high as 94.6 billion Lev. As the economy grew rapidly, government fiscal revenue also rose with the tide, breaking through 14.2 billion Lev.
Of course, these were post-inflation Lev. Converted to pre-World War purchasing power, it was only a little over 74 billion Lev—just surpassing Germany at its peak. (1914)
It was not only Bulgaria's economic growth that raced ahead alone; every country in the world was developing rapidly. In particular, the victims of the World War on the European continent saw even faster recovery-driven growth.
Influenced by the deindustrialization of the United Kingdom and France, vast flows of cash held by financial conglomerates entered the market, and the global economy was flourishing across the board.
As for the pace of world economic growth, Ferdinand had no economist to calculate it, and it was difficult to calculate in any case. The data currently gathered by Bulgaria's Statistical Bureau covered only a limited handful of countries.
First came the British. Their economic growth rate in 1925 reached 6.5%, a fifty-year high.
Then came the French. Their economic growth rate in 1925 reached 7.1%, and the speed of their economic recovery was striking.
The Austro-Hungarian Empire's economic growth likewise hit a historic high. By the end of 1925, its total economic output had recovered to its 1914 level, maintaining high-speed economic growth for five consecutive years.
Germany and Italy, affected by the World War, had yet to return their domestic economies