Bulgaria

Economic activity in Bulgaria remained sluggish throughout most of 2014; weak GDP growth is likely to continue in 2015, driven mainly by household consumption and net exports. Some acceleration of economic activity might be expected over the period 2016-2017 on account of improving external conditions. The newly elected government that lacks strong political backing faces the challenge of implementing an ambitious reform agenda in a weak economic environment.

map Bulgaria
        FORECAST*
Main Economic Indicators201220132014201520162017
Population, 1000 persons.730672657260...
GDP, real change in %0.51.11.71.51.92.3
GDP per capita (EUR at PPP)124001230012700...
Gross industrial production, real change in %-0.4-0.12.0...
Unemployment rate - LFS, in %, average12.312.911.511.010.59.5
Average gross monthly wages, EUR374396423...
Consumer prices, % p.a.2.40.4-1.60.01.01.5
Fiscal balance in % of GDP-0.5-1.2-5.0...
Public debt in % of GDP18.018.323.1...
Current account in % of GDP-0.31.90.91.20.7-0.4
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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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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Monthly Report No. 7-8/2014

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures
Details


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