Bulgaria’s broad-based economic upturn has continued, with positive output growth across all sectors of economic activity. The pattern of growth has switched from the export-led model of 2016 to a demand-driven type. However, labour shortages are causing supply constraints. The short-term prospects have improved and GDP growth for 2017 as a whole could come close to 4% and will remain in this range in the foreseeable future. Growth is balanced, with no imminent threats to macroeconomic stability.

map Bulgaria
Main Economic Indicators201420152016201720182019
Population, 1000 persons722471787128...
GDP, real change in %
GDP per capita (EUR at PPP)129001370014200...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average11.
Average gross monthly wages, EUR420449485...
Consumer prices, % p.a.-1.6-1.1-
Fiscal balance in % of GDP-5.5-1.6-0.0...
Public debt in % of GDP27.026.029.0...
Current account in % of GDP0.
FDI inflow, EUR mn153924301042...
Gross external debt in % of GDP92.073.670.7...

Basic data are continuously updated.

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


BULGARIA: Economy in good shape

Rumen Dobrinsky
in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 58-62
Details and Buy


Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, 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. 7-8, July-August 2017
27 pages including 1 Table and 2 Figures