Bulgaria

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
        FORECAST*
Main Economic Indicators201520162017201820192020
Population, 1000 persons717871287076...
GDP, real change in %3.53.93.83.33.23.0
GDP per capita (EUR at PPP)137001420015100...
Gross industrial production, real change in %2.92.73.4...
Unemployment rate - LFS, in %, average9.27.66.25.55.35.0
Average gross monthly wages, EUR449485542...
Consumer prices, % p.a.-1.1-1.31.22.52.52.5
Fiscal balance in % of GDP-1.70.21.1...
Public debt in % of GDP26.229.625.6...
Current account in % of GDP0.02.66.52.91.00.8
FDI inflow, EUR mn234213901896...
Gross external debt in % of GDP74.071.164.6...


Basic data are continuously updated.

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

publication_icon

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

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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

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