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||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||7306||7265||7224||.||.||.|
|GDP, real change in %||0.2||1.3||1.5||2.3||2.6||3.0|
|GDP per capita (EUR at PPP)||12100||12100||12500||.||.||.|
|Gross industrial production, real change in %||-0.4||-0.1||1.8||.||.||.|
|Unemployment rate - LFS, in %, average||12.3||13.0||11.4||10.3||9.5||9.0|
|Average gross monthly wages, EUR||374||396||423||.||.||.|
|Consumer prices, % p.a.||2.4||0.4||-1.6||0.5||1.0||1.5|
|Fiscal balance in % of GDP||-0.6||-0.8||-5.8||.||.||.|
|Public debt in % of GDP||17.6||18.0||27.0||.||.||.|
|Current account in % of GDP||-0.3||1.8||1.2||1.8||0.9||0.0|
|FDI inflow, EUR mn||1383||1509||1486||.||.||.|
|Gross external debt in % of GDP||90.5||88.1||92.1||.||.||.|
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