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Bulgaria’s economy rebounded quite strongly in the first quarter of 2015 driven by a surge in exports. At the same time, domestic demand remained generally weak and fixed investment even declined from a year earlier. The recovery in the labour market also continued, with a growing number of employed persons and a declining rate of unemployment. The short-term prospects for the Bulgarian economy have generally improved but it is not yet certain whether the positive trends will be sustained.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||7306||7265||7224||.||.||.|
|GDP, real change in %||0.5||1.1||1.7||2.6||2.7||3.0|
|GDP per capita (EUR at PPP)||12400||12300||12700||.||.||.|
|Gross industrial production, real change in %||-0.4||-0.1||1.8||.||.||.|
|Unemployment rate - LFS, in %, average||12.3||13.0||11.4||10.5||9.5||9.0|
|Average gross monthly wages, EUR||374||396||423||.||.||.|
|Consumer prices, % p.a.||2.4||0.4||-1.6||1.0||1.5||2.0|
|Fiscal balance in % of GDP||-0.7||-0.9||-2.8||.||.||.|
|Public debt in % of GDP||18.0||18.3||27.6||.||.||.|
|Current account in % of GDP||-0.3||1.9||0.9||2.3||1.1||0.0|
|FDI inflow, EUR mn||1383||1509||1526||.||.||.|
|Gross external debt in % of GDP||92.1||90.0||94.7||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 7-8/2015
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures
BULGARIA: New government’s reform ambitions to face reality check
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 49-51 Details and Buy