Bulgaria

map Bulgaria
A fragile minority government, still grappling with contested election results, must implement key reforms if it is to unlock EU funding and advance the adoption of the euro. Meanwhile, the economy is growing steadily on the back of robust domestic demand; but fiscal vulnerabilities, labour shortages and external risks (such as the new US tariffs) pose serious threats to the country’s medium-term prospects.
        FORECAST*
Main Economic Indicators202220232024202520262027
Population, 1000 persons646564476400...
GDP, real change in %4.01.92.82.32.52.7
GDP per capita (EUR at PPP)224502434026250...
Gross industrial production, real change in %12.7-8.3-3.1...
Unemployment rate - LFS, in %, average4.24.34.24.34.23.9
Average gross monthly wages, EUR90510431188...
Consumer prices, % p.a.13.08.62.63.02.62.3
Fiscal balance in % of GDP-3.0-2.0-3.0-3.0-3.0-3.0
Public debt in % of GDP22.522.924.1...
Current account in % of GDP-2.7-0.9-1.8-2.1-1.0-0.5
FDI inflow, EUR m475051663233...
Gross external debt in % of GDP50.347.547.4...


Basic data are continuously updated.

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

publication_icon

Monthly Report No. 1/2025

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej J. Grodzicki, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 1, January 2025
50 pages including 6 Tables and 13 Figures

Details

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Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


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