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In the first months of the current year, public debate in Bulgaria was dominated entirely by expectations of early elections in May, while economic policy per se was largely sidelined. The economy was left with no clear sense of direction and lacked both internal and external driving forces. Although the new government, which took office at the end of May, has pledged to lay greater emphasis on counter-cyclical policy measures, the impact of those measures is unlikely to be felt in the course of 2013.
|Main Economic Indicators||2010||2011||2012||2013||2014||2015|
|Population, 1000 persons.||7534||7348||7305||.||.||.|
|GDP, real change in %||0.4||1.8||0.8||0.3||1.1||2.3|
|GDP per capita (EUR at PPP)||10700||11600||12100||.||.||.|
|Gross industrial production, real change in %||2.1||5.8||-0.3||.||.||.|
|Unemployment rate - LFS, in %, average||10.2||11.2||12.3||13.0||12.5||12.0|
|Average gross monthly wages, EUR||331||351||397||.||.||.|
|Consumer prices, % p.a.||3.0||3.4||2.4||1.0||1.5||2.0|
|Fiscal balance in % of GDP||-3.1||-2.0||-0.8||.||.||.|
|Public debt in % of GDP||16.2||16.3||18.5||.||.||.|
|Current account in % of GDP||-1.5||0.1||-1.3||1.0||0.0||-1.2|
|FDI inflow, EUR mn||1152||1330||1480||.||.||.|
|Gross external debt in % of GDP||102.7||94.3||94.9||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Bulgaria: Economy stalls as politics overshadows policy debates
in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 65-67 Details and Buy
Monthly Report No. 11/2013
Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables Details