GDP grew by 3.3% in the first half of 2018 which was below the rates of growth in the three preceding years. The moderation in output growth coincided with a slowdown in exports. The labour market tightened further and labour costs continued to rise. CPI accelerated due to rising energy prices and growing cost-push inflationary pressure. We expect GDP growth for 2018 as a whole of around 3.3%, and it should stay at a similar level in the coming years.

map Bulgaria
Main Economic Indicators201620172018201920202021
Population, 1000 persons712870767000...
GDP, real change in %
GDP per capita (EUR at PPP)142001480015600...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average7.
Average gross monthly wages, EUR485530580...
Consumer prices, % p.a.-
Fiscal balance in % of GDP0.21.11.0...
Public debt in % of GDP29.625.622.6...
Current account in % of GDP2.
FDI inflow, EUR mn139018961936...
Gross external debt in % of GDP71.164.660.0...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


BULGARIA: Further moderation of growth

Rumen Dobrinsky
in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 72-75
Details and Buy


Monthly Report No. 6/2018

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 6, June 2018
27 pages including 1 Table and 1 Figure