Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.76 1.68 1.86 1.86 1.86 1.94
Stock Market (points) 575.10 575 570 566 562 553
Government Bond 10Y (%) 0.45 0.48 0.5 0.53 0.56 0.62
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.8 0.8 0.7 0.7 0.7
GDP Annual Growth Rate (%) 3.30 3.3 3.6 3.4 3.5 3.4
Unemployment Rate (%) 5.17 5.1 5.4 5.7 4.9 5
Inflation Rate (%) 2.90 3.6 3.6 2 2.2 2.4
Inflation Rate Mom (%) 0.80 0.2 0.1 0.1 0.2 0.3
Interest Rate (%) 0.00 0 0 0 0 0.25
Balance of Trade (BGN Million) 104.50 -40 -1420 -150 -340 -1300
Current Account (EUR Million) 328.60 450 -190 60 390 -210
Current Account to GDP (%) 4.60 2 2 1.5 1.5 1.5
Government Debt to GDP (%) 19.80 20 20 18.5 18.5 18.5
Government Budget (% of GDP) 2.00 1 1 1.1 1.1 1.1
Business Confidence (Index Points) 24.70 24 26 20 18 22
Consumer Confidence (Index Points) -25.00 -26.2 -25.8 -27 -25 -28
Retail Sales MoM (%) 0.00 0.3 0.3 0.5 0.2 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.8 0.8 0.7 0.7 0.7
GDP Annual Growth Rate (%) 3.30 3.3 3.6 3.4 3.5 3.4
GDP (USD Billion) 65.13 67.3 67.3 71.5 71.5 71.5
GDP Constant Prices (BGN Million) 19237.30 25168 25892 19891 19911 26773
Gross Fixed Capital Formation (BGN Million) 3158.51 4520 5440 3266 3269 5625
GDP per capita (USD) 8651.10 9400 9400 10000 10000 10000
GDP per capita PPP (USD) 19320.76 20000 20000 20300 20300 20300
GDP From Agriculture (BGN Million) 476.98 1949 803 493 494 831
GDP From Construction (BGN Million) 915.33 1375 820 946 947 848
GDP From Manufacturing (BGN Million) 5256.14 6077 5451 5435 5440 5637
GDP From Public Administration (BGN Million) 3626.98 3163 3964 3750 3754 4099
GDP From Services (BGN Million) 3931.98 6083 6861 4066 4070 7095
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 5.17 5.1 5.4 5.7 4.9 5
Wages (BGN/Month) 1253.00 1129 1300 1300 1300 1400
Minimum Wages (EUR/Month) 286.33 286 286 340 320 320
Population (Million) 7.05 7.02 7.02 6.95 6.95 6.95
Retirement Age Women 61.17 61.17 61.33 61.5 61.5 61.5
Retirement Age Men 64.08 64.08 64.17 64.25 64.25 64.25
Wages High Skilled (BGN/Month) 1280.00 1056 1360 1360 1360 1400
Wages In Manufacturing (BGN/Month) 1111.00 1082 1080 1080 1080 1150
Wages Low Skilled (BGN/Month) 600.00 562 680 680 680 700
Living Wage Family (BGN/Month) 1080.00 1074 1097 1097 1097 1097
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 2.90 3.6 3.6 2 2.2 2.4
Inflation Rate Mom (%) 0.80 0.2 0.1 0.1 0.2 0.3
Consumer Price Index CPI (Index Points) 7036.65 7106 7147 7120 7180 7319
Core Consumer Prices (Index Points) 101.63 103 104 104 104 106
Core Inflation Rate (%) 1.80 2.2 2.4 2.3 2.2 2.1
Producer Prices (Index Points) 107.80 113 113 115 113 118
Producer Prices Change (%) 0.90 4.5 4.7 3.2 3.8 3.6
CPI Housing Utilities (Index Points) 15783.88 15837 16091 15946 15942 16477
CPI Transportation (Index Points) 7924.56 8363 7892 7892 8127 8081
Food Inflation (%) 4.80 5.9 5.8 2.5 2.8 3
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.00 0 0 0 0 0.25
Interbank Rate (%) -0.23 -0.23 -0.23 -0.23 -0.23 -0.23
Deposit Interest Rate (%) 0.05 0.05 0.05 0.05 0.05 0.05
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (BGN Million) 104.50 -40 -1420 -150 -340 -1300
Current Account (EUR Million) 328.60 450 -190 60 390 -210
Current Account to GDP (%) 4.60 2 2 1.5 1.5 1.5
Imports (BGN Million) 4419.90 5020 5740 5040 5680 5950
Exports (BGN Million) 4524.40 4980 4320 4890 5340 4650
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 19.80 20 20 18.5 18.5 18.5
Government Budget (% of GDP) 2.00 1 1 1.1 1.1 1.1
Government Spending to GDP (%) 34.80 37 37 36.6 36.6 36.6
Government Spending (BGN Million) 1704.87 1748 2353 1763 1765 2433
Taxes Actual Q3 Q4 Q1 Q2 2020
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 32.4 32.4 32.8 32.4
Social Security Rate For Companies (%) 19.02 19.06 19.06 19.06 19.02 19.06
Social Security Rate For Employees (%) 13.78 13.34 13.34 13.34 13.78 13.34
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 24.70 24 26 20 18 22
Industrial Production (%) -3.60 2.9 4.8 4.2 3.7 2.2
Industrial Production Mom (%) -1.90 0.2 0.5 0.3 0.4 0.4
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) -25.00 -26.2 -25.8 -27 -25 -28
Retail Sales MoM (%) 0.00 0.3 0.3 0.5 0.2 0.5
Retail Sales YoY (%) 0.10 -0.9 -1 2.5 2.8 3.2
Gasoline Prices (USD/Liter) 1.26 1.23 1.2 1.17 1.14 1.14
Consumer Spending (BGN Million) 15851.34 16943 19444 16390 16406 20105
Housing Actual Q3 Q4 Q1 Q2 2020
Construction Output (%) 1.50 3.7 3.2 3.6 4.2 2.9


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.