Bulgaria
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Population, 1000 persons | 6934 | 6878 | 6465 | . | . | . |
| GDP, real change in % | -4.0 | 7.7 | 3.9 | 1.0 | 1.5 | 2.5 |
| GDP per capita (EUR at PPP) | 16560 | 18630 | 22160 | . | . | . |
| Gross industrial production, real change in % | -5.9 | 9.8 | 12.7 | . | . | . |
| Unemployment rate - LFS, in %, average | 5.1 | 5.3 | 4.3 | 4.2 | 4.1 | 4.0 |
| Average gross monthly wages, EUR | 711 | 798 | 900 | . | . | . |
| Consumer prices, % p.a. | 1.2 | 2.8 | 13.0 | 9.0 | 7.0 | 5.0 |
| Fiscal balance in % of GDP | -3.8 | -4.0 | -2.9 | -5.0 | -4.0 | -3.0 |
| Public debt in % of GDP | 24.6 | 23.9 | 22.6 | . | . | . |
| Current account in % of GDP | 0.0 | -1.7 | -1.4 | -0.5 | -0.3 | 0.3 |
| FDI inflow, EUR m | 3154 | 2029 | 3131 | . | . | . |
| Gross external debt in % of GDP | 63.3 | 58.0 | 51.8 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
publication_icon
Executive summary
Branimir Jovanović
in: Beneath the Veneer of Calm
wiiw Forecast Report No. Autumn 2023, October 2023 , pp. I-VI
Details
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Monthly Report No. 7-8/2023
Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Meryem Gökten, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 7-8, July-August 2023
51 pages including 3 Tables, 24 Figures and 1 Box
Economic slowdown became more pronounced over the course of the year, and industry actually plunged into a deep recession. Export performance was dismal against the background of shrinking demand in Western Europe. A new government took office in May, supported by the two main political parties. Its foundations are shaky, however, as the parties have not signed a coalition agreement. Economic weakness will persist: GDP will grow by 1.0% in 2023 and by 1.5% and 2.5% in 2024 and 2025, respectively.