Bulgaria

Bulgaria’s economy rebounded quite strongly in the first quarter of 2015 driven by a surge in exports. At the same time, domestic demand remained generally weak and fixed investment even declined from a year earlier. The recovery in the labour market also continued, with a growing number of employed persons and a declining rate of unemployment. The short-term prospects for the Bulgarian economy have generally improved but it is not yet certain whether the positive trends will be sustained.

map Bulgaria
        FORECAST*
Main Economic Indicators201220132014201520162017
Population, 1000 persons.730672657260...
GDP, real change in %0.51.11.72.62.73.0
GDP per capita (EUR at PPP)124001230012700...
Gross industrial production, real change in %-0.4-0.11.8...
Unemployment rate - LFS, in %, average12.313.011.410.59.59.0
Average gross monthly wages, EUR374396423...
Consumer prices, % p.a.2.40.4-1.61.01.52.0
Fiscal balance in % of GDP-0.7-0.9-2.8...
Public debt in % of GDP18.018.327.6...
Current account in % of GDP-0.31.90.92.31.10.0
FDI inflow, EUR mn138315091526...
Gross external debt in % of GDP92.190.094.7...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

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Monthly Report No. 7-8/2015

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures

Details

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BULGARIA: New government’s reform ambitions to face reality check

Rumen Dobrinsky
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 49-51
Details and Buy


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