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Economic weakening in the second quarter was followed by a moderate upturn in the second half of the year supported by stronger experts and a modest recovery in domestic demand. Average GDP growth for 2013 as a whole should be positive but still close to the freezing point. The centre-left government which took office in May initiated a fiscal stimulus package including support to business activity and some social measures. However, the new government does not enjoy strong popular support which affects negatively the credibility of its policy efforts.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||7348||7306||7300||.||.||.|
|GDP, real change in %||1.8||0.8||0.7||1.1||2.3||.|
|GDP per capita (EUR at PPP)||11700||12000||12300||.||.||.|
|Gross industrial production, real change in %||5.8||-0.3||-0.4||.||.||.|
|Unemployment rate - LFS, in %, average||11.2||12.3||12.9||12.5||12.0||.|
|Average gross monthly wages, EUR||351||374||389||.||.||.|
|Consumer prices, % p.a.||3.4||2.4||0.4||1.5||2.0||.|
|Fiscal balance in % of GDP||-2.0||-0.8||-1.5||.||.||.|
|Public debt in % of GDP||16.3||18.5||20.0||.||.||.|
|Current account in % of GDP||0.1||-1.3||2.1||0.0||-1.2||.|
|FDI inflow, EUR mn||1330||1480||1229||.||.||.|
|Gross external debt in % of GDP||94.3||94.9||93.5||.||.||.|
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. 2/2014
Vladimir Gligorov, Olga Pindyuk, Leon Podkaminer, Johannes Pöschl and Roman Römisch
wiiw Monthly Report No. 2, February 2014
29 pages including 14 Tables and 8 Figures Details