GDP growth in the first half of 2015 was supported by a robust upturn in exports in the first quarter. The strengthening in the labour market contributed to the unemployment dropping to below 10% by mid-year. However, economic performance was uneven across sectors, while progress in key policy reform areas was limited. Overall, the chances are that a moderate recovery will continue in the short term with GDP rising higher than 2% for 2015 as a whole.
|Main Economic Indicators||2013||2014||2015||2016||2017||2018|
|Population, 1000 persons.||7265||7224||7200||.||.||.|
|GDP, real change in %||1.3||1.5||3.0||2.6||3.0||.|
|GDP per capita (EUR at PPP)||12200||12800||.||.||.||.|
|Gross industrial production, real change in %||-0.1||1.8||2.5||.||.||.|
|Unemployment rate - LFS, in %, average||13.0||11.4||9.6||9.5||9.0||.|
|Average gross monthly wages, EUR||396||420||450||.||.||.|
|Consumer prices, % p.a.||0.4||-1.6||-1.1||1.0||1.5||.|
|Fiscal balance in % of GDP||-0.8||-5.8||-2.5||.||.||.|
|Public debt in % of GDP||18.0||27.0||29.4||.||.||.|
|Current account in % of GDP||1.8||1.2||1.8||0.9||0.0||.|
|FDI inflow, EUR mn||1509||1486||1500||.||.||.|
|Gross external debt in % of GDP||88.1||92.1||77.8||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
BULGARIA: Modest recovery continues
in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 65-68 Details and Buy
Monthly Report No. 9/2015
Amat Adarov, Fatos Hoxha, Werner Laventure and Isilda Mara
wiiw Monthly Report No. 9, September 2015
47 pages including 3 Tables and 33 Figures