Driven by a combination of positive domestic and external factors, GDP growth in 2015 outperformed expectations. The economy, however, is mired in chronic structural problems that policy-makers have systematically neglected. While GDP is expected to continue growing at a rate of 2-3% per annum over the short term, the absence of policy reforms may lead to an accumulation of macroeconomic imbalances.

map Bulgaria
Main Economic Indicators201320142015201620172018
Population, 1000 persons.726572247178...
GDP, real change in %
GDP per capita (EUR at PPP)123001280013600...
Gross industrial production, real change in %-
Unemployment rate - LFS, in %, average13.
Average gross monthly wages, EUR396420457...
Consumer prices, % p.a.0.4-1.6-
Fiscal balance in % of GDP-0.4-5.4-2.0...
Public debt in % of GDP17.027.026.0...
Current account in % of GDP1.
FDI inflow, EUR mn150915391661...
Gross external debt in % of GDP87.992.075.3...

Basic data are continuously updated.

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


Monthly Report No. 7-8/2016

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



BULGARIA: Growth in 2015 exceeds expectations, but can it be sustained?

Rumen Dobrinsky
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, , pp. 63-66
Details and Buy