Markets Actual Q4 Q1 Q2 Q3 2021
Currency 1.63 1.67 1.68 1.68 1.68 1.68
Stock Market (points) 425.70 418 412 406 399 387
Government Bond 10Y (%) 0.40 0.42 0.45 0.47 0.5 0.56

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 4.30 -1.8 1.6 3.1 3.2 3.3
GDP Annual Growth Rate (%) -5.20 -5 -2.1 7.9 6.5 4.2
Unemployment Rate (%) 6.90 9.8 9.5 8.8 8.3 8
Inflation Rate (%) 0.80 0.1 0.3 0.7 1.6 2
Inflation Rate Mom (%) 0.60 0.3 0.4 0.5 0.1 0.6
Interest Rate (%) 0.00 0 0 0 0 0.25
Balance of Trade (BGN Million) -455.60 -850 -650 -600 -50 -950
Current Account (EUR Million) -183.50 -210 10 450 350 -180
Current Account to GDP (%) 4.00 3.5 5.2 5.2 5.2 5.2
Government Debt to GDP (%) 24.50 25.5 25.6 25.7 25.6 25.6
Government Budget (% of GDP) 2.10 -3 -2.1 -2.1 -2.1 -2.1
Business Confidence (points) 10.10 17 20 21 22 23
Consumer Confidence (points) -37.70 -35 -30 -25 -27 -26
Retail Sales MoM (%) 2.80 1.1 0.4 0.7 0.3 0.5
Corporate Tax Rate (%) 10.00 10 10 10 10 10
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 4.30 -1.8 1.6 3.1 3.2 3.3
GDP Annual Growth Rate (%) -5.20 -5 -2.1 7.9 6.5 4.2
GDP (USD Billion) 67.93 62 66 66 66 66
GDP Constant Prices (BGN Million) 22917.46 26902 26963 20841 24728 27897
Gross Fixed Capital Formation (BGN Million) 4840.43 5653 5662 3076 5223 5862
GDP per capita (USD) 9026.20 8500 8900 8900 8900 8900
GDP per capita PPP (USD) 23091.30 22000 23000 23000 23000 23000
GDP From Agriculture (BGN Million) 864.94 835 748 480 933 866
GDP From Construction (BGN Million) 1226.46 852 1039 1065 1323 884
GDP From Manufacturing (BGN Million) 5548.63 5664 5300 4866 5987 5874
GDP From Public Administration (BGN Million) 4013.73 4119 4336 3919 4331 4271
GDP From Services (BGN Million) 4314.47 7129 6533 4056 4655 7393

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 6.90 9.8 9.5 8.8 8.3 8
Wages (BGN/Month) 1397.00 1400 1400 1400 1400 1500
Minimum Wages (EUR/Month) 311.89 320 370 370 370 370
Population (Million) 7.00 6.95 6.9 6.9 6.9 6.9
Retirement Age Women 61.17 61.5 61.5 61.5 61.5 61.5
Retirement Age Men 64.08 64.25 64.25 64.25 64.25 64.25
Wages In Manufacturing (BGN/Month) 1233.00 1150 1150 1150 1150 1150

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 0.80 0.1 0.3 0.7 1.6 2
Inflation Rate Mom (%) 0.60 0.3 0.4 0.5 0.1 0.6
Consumer Price Index CPI (points) 7127.81 7170 7210 7141 7196 7313
Core Consumer Prices (points) 103.49 105 105 104 106 107
Core Inflation Rate (%) 1.30 1.6 1.8 1.8 2.4 2.7
Producer Prices (points) 106.80 109 108 106 109 111
Producer Prices Change (%) -3.10 -1.1 0.5 1.8 2 2.2
Food Inflation (%) 3.80 4.9 5.2 4.9 5.4 5.8
CPI Housing Utilities (points) 15982.89 15924 16033 15734 16226 16242
CPI Transportation (points) 7040.01 7884 7659 6965 7198 8042

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.00 0 0 0 0 0.25
Deposit Interest Rate (%) 0.02 0.05 0.02 0.02 0.02 0.55

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (BGN Million) -455.60 -850 -650 -600 -50 -950
Current Account (EUR Million) -183.50 -210 10 450 350 -180
Current Account to GDP (%) 4.00 3.5 5.2 5.2 5.2 5.2
Exports (BGN Million) 4833.10 3900 4500 4300 4650 4000
Imports (BGN Million) 5288.70 4750 5150 4900 4700 4950
Tourist Arrivals (Persons) 419144.00 404000 363000 420000 712000 490000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 24.50 25.5 25.6 25.7 25.6 25.6
Government Budget (% of GDP) 2.10 -3 -2.1 -2.1 -2.1 -2.1
Government Budget Value (BGN Million) -625.76 300 300 300 300 300
Government Spending to GDP (%) 36.30 42.5 41 41 41 41
Government Spending (BGN Million) 2107.41 2445 2554 1986 2274 2536

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 10.00 10 10 10 10 10
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 32.80 32.4 32.8 32.8 32.8 32.4
Social Security Rate For Companies (%) 19.02 19.06 19.02 19.02 19.02 19.06
Social Security Rate For Employees (%) 13.78 13.34 13.78 13.78 13.78 13.34

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) 10.10 17 20 21 22 23
Industrial Production (%) -2.60 -2.8 6.2 7.5 5.5 5.3
Industrial Production Mom (%) 2.30 0.4 0.4 0.4 0.2 0.4

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) -37.70 -35 -30 -25 -27 -26
Retail Sales MoM (%) 2.80 1.1 0.4 0.7 0.3 0.5
Retail Sales YoY (%) -6.70 -5 9 16.5 17.3 6
Consumer Credit (Million BGL) 25322.95 23497 22713 23849 26499 24367
Gasoline Prices (USD/Liter) 1.08 1.1 0.88 0.84 0.8 1.04
Consumer Spending (BGN Million) 16985.80 20202 19882 16398 18328 20950

Housing Actual Q4 Q1 Q2 Q3 2021
Construction Output (%) -1.70 -0.9 1.5 2.3 2.8 3


This page has economic forecasts for Bulgaria including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Bulgaria economy.