Bulgaria

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
        FORECAST*
Main Economic Indicators201320142015201620172018
Population, 1000 persons.726572247178...
GDP, real change in %1.31.53.02.52.52.7
GDP per capita (EUR at PPP)122001280013500...
Gross industrial production, real change in %-0.11.82.9...
Unemployment rate - LFS, in %, average13.011.49.49.08.58.0
Average gross monthly wages, EUR396420457...
Consumer prices, % p.a.0.4-1.6-1.11.01.01.5
Fiscal balance in % of GDP-0.8-5.8-2.5...
Public debt in % of GDP18.027.029.4...
Current account in % of GDP1.30.91.40.70.0-0.4
FDI inflow, EUR mn150915351580...
Gross external debt in % of GDP88.192.177.3...


Basic data are continuously updated.

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

publication_icon

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

publication_icon

Monthly Report No. 9/2015

Amat Adarov, Fatos Hoxha, Werner Laventure and Isilda Mara
wiiw Monthly Report No. 9,
47 pages including 3 Tables and 33 Figures

Details


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