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
Main Economic Indicators201220132014201520162017
Population, 1000 persons.730672657260...
GDP, real change in %
GDP per capita (EUR at PPP)124001230012700...
Gross industrial production, real change in %-0.4-0.11.8...
Unemployment rate - LFS, in %, average12.313.011.411.010.59.5
Average gross monthly wages, EUR374396423...
Consumer prices, % p.a.2.40.4-
Fiscal balance in % of GDP-0.7-0.9-2.8...
Public debt in % of GDP18.018.327.6...
Current account in % of GDP-
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.


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


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