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Bulgaria’s economic and political scene has been recently dominated by the early elections due in October and the collapse of the Corporate Commercial Bank. Somewhat ironically, economic activity had been on the rise in recent months and GDP growth for 2014 as a whole may thus come close to 2%. The expectations are that the upcoming elections will bring about a paradigmatic change in terms of power and policies. Solving the situation created by the Corporate Commercial Bank will also have to await the election of a new parliament and the appointment of a new government.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||7348||7306||7265||.||.||.|
|GDP, real change in %||2.0||0.5||1.1||1.9||2.3||2.6|
|GDP per capita (EUR at PPP)||12200||12400||12300||.||.||.|
|Gross industrial production, real change in %||5.8||-0.3||-0.1||.||.||.|
|Unemployment rate - LFS, in %, average||11.2||12.3||13.0||12.0||11.5||11.0|
|Average gross monthly wages, EUR||351||374||413||.||.||.|
|Consumer prices, % p.a.||3.4||2.4||0.4||-1.0||1.0||2.0|
|Fiscal balance in % of GDP||-2.0||-0.5||-1.2||.||.||.|
|Public debt in % of GDP||15.7||18.0||18.3||.||.||.|
|Current account in % of GDP||0.1||-1.1||2.1||1.7||0.7||0.0|
|FDI inflow, EUR mn||1330||1142||1157||.||.||.|
|Gross external debt in % of GDP||90.5||92.1||91.0||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
BULGARIA: In limbo, expecting a reset
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 47-49 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 Details