Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.75 1.68 1.86 1.86 1.86 1.94
Stock Market (points) 579.49 578 573 569 565 556
Government Bond 10Y (%) 0.58 0.61 0.63 0.65 0.67 0.71
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.20 0.8 0.8 0.8 0.7 0.7
GDP Annual Growth Rate (%) 3.50 3.1 3.3 3.6 3.4 3.4
Unemployment Rate (%) 5.62 6.9 6.8 6.8 6.8 6.5
Inflation Rate (%) 3.50 2.3 1.9 2.1 2 2.4
Inflation Rate Mom (%) 0.10 0.3 0.2 0.3 0.3 0.2
Interest Rate (%) 0.00 0 0.25 0.5 0.5 1
Balance of Trade (BGN Million) -186.30 -300 -40 -1420 -150 -1300
Current Account (EUR Million) 149.20 300 450 -190 -190 -100
Current Account to GDP (%) 4.60 2 2 2 1.5 1.5
Government Debt to GDP (%) 19.70 20 20 20 18.5 18.5
Government Budget (% of GDP) 2.00 1 1 1 1.1 1.1
Business Confidence (Index Points) 27.50 25 24 26 26 22
Consumer Confidence (Index Points) -25.80 -23.3 -22.7 -22.5 -22.5 -20
Retail Sales MoM (%) -0.10 0.2 0.3 0.3 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.20 0.8 0.8 0.8 0.7 0.7
GDP Annual Growth Rate (%) 3.50 3.1 3.3 3.6 3.4 3.4
GDP (USD Billion) 56.83 62 62 62 69 69
GDP Constant Prices (BGN Million) 19237.30 22285 24632 25892 25842 26773
Gross Fixed Capital Formation (BGN Million) 3158.51 4943 4424 5440 5430 5625
GDP per capita (USD) 8311.93 8450 8450 8450 8560 8560
GDP per capita PPP (USD) 18563.31 19200 19200 19200 20300 20300
GDP From Agriculture (BGN Million) 476.98 833 1908 803 802 831
GDP From Construction (BGN Million) 915.33 1030 1346 820 819 848
GDP From Manufacturing (BGN Million) 5256.14 5743 5948 5451 5441 5637
GDP From Public Administration (BGN Million) 3626.98 3160 3095 3964 3957 4099
GDP From Services (BGN Million) 3931.98 5126 5954 6861 6848 7095
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 5.62 6.9 6.8 6.8 6.8 6.5
Wages (BGN/Month) 1247.00 1129 1128 1300 1300 1400
Minimum Wages (EUR/Month) 286.33 286 286 286 340 320
Population (Million) 7.05 7.02 7.02 7 6.95 6.95
Retirement Age Women 61.17 61.17 61.17 61.33 61.5 61.5
Retirement Age Men 64.08 64.08 64.08 64.17 64.25 64.25
Wages High Skilled (BGN/Month) 1280.00 1056 1075 1360 1360 1400
Wages In Manufacturing (BGN/Month) 1111.00 1082 1101 1080 1080 1150
Wages Low Skilled (BGN/Month) 600.00 562 570 680 680 700
Living Wage Family (BGN/Month) 1080.00 1074 1069 1097 1097 1097
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 3.50 2.3 1.9 2.1 2 2.4
Inflation Rate Mom (%) 0.10 0.3 0.2 0.3 0.3 0.2
Consumer Price Index CPI (Index Points) 7025.84 6947 6989 7044 7120 7213
Core Consumer Prices (Index Points) 101.63 102 103 103 103 105
Core Inflation Rate (%) 1.90 1.5 1.8 1.8 1.8 1.6
Producer Prices (Index Points) 108.60 114 113 113 115 118
Producer Prices Change (%) 4.30 6.6 6.4 6.5 6.5 4
CPI Housing Utilities (Index Points) 15598.71 15322 15577 15858 15946 16239
CPI Transportation (Index Points) 7951.93 8111 8226 7778 7892 7964
Food Inflation (%) 5.80 2.5 2.4 2.6 2.6 2.5
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0.25 0.5 0.5 1
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 Q2 Q3 Q4 Q1 2020
Balance of Trade (BGN Million) -186.30 -300 -40 -1420 -150 -1300
Current Account (EUR Million) 149.20 300 450 -190 -190 -100
Current Account to GDP (%) 4.60 2 2 2 1.5 1.5
Imports (BGN Million) 4978.00 5410 5020 5740 5040 5950
Exports (BGN Million) 4496.70 5110 4980 4320 4890 4650
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 19.70 20 20 20 18.5 18.5
Government Budget (% of GDP) 2.00 1 1 1 1.1 1.1
Government Spending to GDP (%) 34.80 37 37 37 36.6 36.6
Government Spending (BGN Million) 1704.87 1830 1711 2353 2349 2433
Taxes Actual Q2 Q3 Q4 Q1 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 32.8 32.8 32.8 32.8 32.8
Social Security Rate For Companies (%) 19.02 19.02 19.02 19.02 19.02 19.02
Social Security Rate For Employees (%) 13.78 13.78 13.78 13.78 13.78 13.78
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 27.50 25 24 26 26 22
Industrial Production (%) 2.40 0.1 2.5 3.5 2.8 1.6
Industrial Production Mom (%) -1.90 0.3 0.2 0.5 0.5 0.4
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -25.80 -23.3 -22.7 -22.5 -22.5 -20
Retail Sales MoM (%) -0.10 0.2 0.3 0.3 0.3 0.5
Retail Sales YoY (%) -0.20 4.5 4.4 4.2 4.2 2.7
Gasoline Prices (USD/Liter) 1.30 1.18 1.15 1.12 1.1 1.1
Consumer Spending (BGN Million) 15851.34 16605 16583 19444 19406 20105
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) 5.80 2.3 1.8 2.8 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.