Economic activity in Bulgaria was anaemic in 2013, for the second year in a row, curbed by weak domestic and external demand. The signs of a possible upturn that are observable at present in the main reflect the shift towards a more proactive policy stance undertaken by the current government. However, these impulses are relatively modest and will take time to feed into the economy. In the absence of a more notable upturn in export demand, economic growth is expected to remain moderate.

map Bulgaria
Main Economic Indicators201120122013201420152016
Population, 1000 persons.734873067265...
GDP, real change in %
GDP per capita (EUR at PPP)117001210012300...
Gross industrial production, real change in %5.8-0.3-0.1...
Unemployment rate - LFS, in %, average11.212.313.012.512.011.5
Average gross monthly wages, EUR351374413...
Consumer prices, % p.a.
Fiscal balance in % of GDP-2.0-0.8-1.5...
Public debt in % of GDP16.318.520.0...
Current account in % of GDP0.1-
FDI inflow, EUR mn133010701092...
Gross external debt in % of GDP94.394.693.5...

Basic data are continuously updated.

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


BULGARIA: Economy seeking direction

Rumen Dobrinsky
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 33-35
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