Markets Actual Q1 Q2 Q3 Q4 2022
Currency 1.61 1.67 1.68 1.68 1.68 1.68
Stock Market (points) 497.92 490 483 476 468 454
Government Bond 10Y (%) 0.28 0.31 0.33 0.34 0.36 0.41

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 2.10 0.9 1.7 5.5 1.5 0.4
GDP Annual Growth Rate (%) -3.80 -2.1 7.9 6.5 4.2 4.2
Unemployment Rate (%) 6.70 9.5 8.8 8.3 8 6.5
Inflation Rate (%) -0.60 0.3 0.7 1 1.2 1.7
Inflation Rate Mom (%) 0.20 0.4 0.5 0.1 0.6 0.5
Interest Rate (%) 0.00 0 0 0 0.25 0.25
Balance of Trade (BGN Million) -726.50 -1300 -650 -600 -1200 -1200
Current Account (EUR Million) -202.10 10 450 350 -180 -180
Current Account to GDP (%) 4.00 5.2 5.2 5.2 5.2 4
Government Debt to GDP (%) 24.30 28 28 28 28 27
Government Budget (% of GDP) 2.10 -2.1 -2.1 -2.1 -2.1 -0.8
Business Confidence (points) 18.50 20 21 22 23 23
Consumer Confidence (points) -33.60 -30 -25 -27 -26 -23
Retail Sales MoM (%) -1.70 1.1 0.7 0.3 0.5 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 Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 2.10 0.9 1.7 5.5 1.5 0.4
GDP Annual Growth Rate (%) -3.80 -2.1 7.9 6.5 4.2 4.2
GDP (USD Billion) 67.93 66 66 66 66 71
GDP Constant Prices (BGN Million) 26676.96 20841 24728 28411 27797 28965
Gross Fixed Capital Formation (BGN Million) 4789.62 3076 5223 5101 4991 5200
GDP per capita (USD) 9026.20 8900 8900 8900 8900 9300
GDP per capita PPP (USD) 23091.30 23000 23000 23000 23000 23300
GDP From Agriculture (BGN Million) 1779.66 480 933 1895 1854 1932
GDP From Construction (BGN Million) 1588.05 1065 1323 1691 1655 1724
GDP From Manufacturing (BGN Million) 5912.16 4866 5987 6296 6160 6419
GDP From Public Administration (BGN Million) 4161.37 3919 4331 4432 4336 4518
GDP From Services (BGN Million) 5007.46 4056 4655 5333 5218 5437

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 6.70 9.5 8.8 8.3 8 6.5
Wages (BGN/Month) 1468.00 1400 1400 1400 1500 1500
Minimum Wages (EUR/Month) 332.34 332 332 332 332 345
Population (Million) 7.00 6.9 6.9 6.9 6.9 6.85
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) 1240.00 1150 1150 1150 1150 1150

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -0.60 0.3 0.7 1 1.2 1.7
Inflation Rate Mom (%) 0.20 0.4 0.5 0.1 0.6 0.5
Consumer Price Index CPI (points) 7186.82 7210 7141 7153 7259 7382
Core Consumer Prices (points) 104.25 105 105 104 107 107
Core Inflation Rate (%) 0.90 1.8 1.8 2.4 2.7 3
Producer Prices (points) 109.40 108 106 109 112 114
Producer Prices Change (%) -0.70 0.5 1.8 2 2.2 2
Food Inflation (%) -0.40 5.2 4.9 5.4 5.8 5
CPI Housing Utilities (points) 16042.32 16033 15734 16130 16236 16512
CPI Transportation (points) 7224.71 7659 6965 7156 7223 7345

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.00 0 0 0 0.25 0.25
Deposit Interest Rate (%) 0.02 0.02 0.02 0.02 0.55 0.27

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (BGN Million) -726.50 -1300 -650 -600 -1200 -1200
Current Account (EUR Million) -202.10 10 450 350 -180 -180
Current Account to GDP (%) 4.00 5.2 5.2 5.2 5.2 4
Exports (BGN Million) 4432.20 4500 4300 4650 4000 4300
Imports (BGN Million) 5158.70 5150 4900 4700 4950 5250
Tourist Arrivals (Persons) 246930.00 363000 420000 712000 490000 550000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 24.30 28 28 28 28 27
Government Budget (% of GDP) 2.10 -2.1 -2.1 -2.1 -2.1 -0.8
Government Budget Value (BGN Million) -3580.62 300 300 300 300 300
Government Spending to GDP (%) 36.30 41 41 41 41 38.5
Government Spending (BGN Million) 2061.71 1986 2274 2196 2148 2239

Taxes Actual Q1 Q2 Q3 Q4 2022
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 32.4 32.4
Social Security Rate For Companies (%) 19.02 19.06 19.02 19.02 19.06 19.06
Social Security Rate For Employees (%) 13.78 13.34 13.78 13.78 13.34 13.34

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) 18.50 20 21 22 23 23
Industrial Production (%) -3.30 6.2 7.5 5.5 5.3 5.3
Industrial Production Mom (%) 0.10 0.4 0.4 0.2 0.2 0.4

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) -33.60 -30 -25 -27 -26 -23
Retail Sales MoM (%) -1.70 1.1 0.7 0.3 0.5 0.5
Retail Sales YoY (%) -12.00 9 16.5 17.3 6 6
Consumer Credit (Million BGL) 25492.80 23849 26499 26774 26564 27679
Gasoline Prices (USD/Liter) 1.16 1.1 1.05 0.99 0.95 0.9
Consumer Spending (BGN Million) 19526.13 16398 18328 20795 20346 21201

Housing Actual Q1 Q2 Q3 Q4 2022
Construction Output (%) -7.10 1.5 2.3 2.8 3 5


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.