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The economic outlook for Bulgaria has deteriorated recently. Uncertainties related to possible changes in the policy course will act as a deterrent to growth, suppressing private consumption and investment. No significant support can be expected from the external environment either and a possible deepening of the Russia-Ukraine conflict will also have negative implications for the Bulgarian economy. GDP growth for the year as a whole will be just a little above the 2013 figure.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||7348||7306||7265||.||.||.|
|GDP, real change in %||1.8||0.6||0.9||1.4||2.1||2.5|
|GDP per capita (EUR at PPP)||11700||12100||12300||.||.||.|
|Gross industrial production, real change in %||5.8||-0.3||-0.1||.||.||.|
|Unemployment rate - LFS, in %, average||11.2||12.3||13.0||12.5||12.0||11.5|
|Average gross monthly wages, EUR||351||374||413||.||.||.|
|Consumer prices, % p.a.||3.4||2.4||0.4||0.0||1.0||2.0|
|Fiscal balance in % of GDP||-2.0||-0.8||-1.5||.||.||.|
|Public debt in % of GDP||16.3||18.4||18.9||.||.||.|
|Current account in % of GDP||0.1||-0.8||1.9||-1.0||-1.8||-2.5|
|FDI inflow, EUR mn||1330||1070||1092||.||.||.|
|Gross external debt in % of GDP||94.3||94.6||93.5||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
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
BULGARIA: Economy seeking direction
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 33-35 Details and Buy