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Economic activity in Bulgaria was anaemic in 2013, for the second year in a row, curbed by weak domestic and external demand. The signs of a possible upturn that are observable at present in the main reflect the shift towards a more proactive policy stance undertaken by the current government. However, these impulses are relatively modest and will take time to feed into the economy. In the absence of a more notable upturn in export demand, economic growth is expected to remain moderate.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||7348||7306||7300||.||.||.|
|GDP, real change in %||1.8||0.6||0.9||1.5||2.3||2.7|
|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||12.9||12.5||12.0||11.5|
|Average gross monthly wages, EUR||351||374||413||.||.||.|
|Consumer prices, % p.a.||3.4||2.4||0.4||1.5||2.0||2.0|
|Fiscal balance in % of GDP||-2.0||-0.8||-1.5||.||.||.|
|Public debt in % of GDP||16.3||18.5||20.0||.||.||.|
|Current account in % of GDP||0.1||-1.3||2.1||1.0||0.0||-1.3|
|FDI inflow, EUR mn||1330||1480||1229||.||.||.|
|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.
BULGARIA: Economy seeking direction
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 33-35 Details and Buy
Monthly Report No. 2/2014
Vladimir Gligorov, Olga Pindyuk, Leon Podkaminer, Johannes Pöschl and Roman Römisch
wiiw Monthly Report No. 2, February 2014
29 pages including 14 Tables and 8 Figures Details