GDP grew by 3.5% in the first half of 2016, at the same rate as in the previous year. Growth remained relatively balanced, with both private consumption and exports lending impetus. The continuing upturn contributed to a cyclical improvement in the fiscal position and a large headline surplus. Moderate GDP growth is likely to continue in the short term; it is projected to be around 3% per annum over the period 2016-2018.
|Main Economic Indicators||2013||2014||2015||2016||2017||2018|
|Population, 1000 persons.||7265||7224||7178||.||.||.|
|GDP, real change in %||0.9||1.3||3.6||3.0||3.0||3.1|
|GDP per capita (EUR at PPP)||12300||12800||13600||.||.||.|
|Gross industrial production, real change in %||-0.2||1.8||2.9||.||.||.|
|Unemployment rate - LFS, in %, average||13.0||11.4||9.2||8.5||8.0||7.5|
|Average gross monthly wages, EUR||396||420||457||.||.||.|
|Consumer prices, % p.a.||0.4||-1.6||-1.1||0.0||0.5||1.0|
|Fiscal balance in % of GDP||-0.4||-5.5||-1.7||.||.||.|
|Public debt in % of GDP||17.0||27.0||26.0||.||.||.|
|Current account in % of GDP||1.3||0.1||0.4||2.1||2.1||2.0|
|FDI inflow, EUR mn||1509||1539||1661||.||.||.|
|Gross external debt in % of GDP||87.9||92.0||75.3||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
BULGARIA: Upturn in private consumption supports moderate growth
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, November 2016 , pp. 54-57 Details and Buy
Monthly Report No. 7-8/2016
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2016
25 pages including 1 Table and 1 Figure