Markets Actual Q1 Q2 Q3 Q4 2021
Currency 1.79 1.67 1.68 1.68 1.68 1.68
Stock Market (points) 546.39 571 567 563 558 549
Government Bond 10Y (%) 0.30 0.42 0.45 0.47 0.5 0.56

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.70 0.7 0.7 0.8 0.7 0.7
GDP Annual Growth Rate (%) 3.50 3.4 3.5 3.2 3.4 3.2
Unemployment Rate (%) 5.90 5.7 5.2 4.9 5.1 5
Inflation Rate (%) 4.20 2.9 2 1.6 1.4 2.2
Inflation Rate Mom (%) 0.90 0.1 0.2 0.2 0.3 0.3
Interest Rate (%) 0.00 0 0 0 0 0.25
Balance of Trade (BGN Million) -819.40 -150 -340 -210 -1300 -1200
Current Account (EUR Million) 23.90 60 390 410 -210 -130
Current Account to GDP (%) 4.60 5 5 5 5 4.4
Government Debt to GDP (%) 19.90 18.5 18.5 18.5 18.5 18
Government Budget (% of GDP) 2.00 1.1 1.1 1.1 1.1 0.8
Business Confidence (points) 26.80 20 18 20 22 21
Consumer Confidence (points) -24.40 -24.5 -25 -26 -28 -26
Retail Sales MoM (%) 0.70 0.5 0.2 0.3 0.5 0.4
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 2021
GDP Growth Rate (%) 0.70 0.7 0.7 0.8 0.7 0.7
GDP Annual Growth Rate (%) 3.50 3.4 3.5 3.2 3.4 3.2
GDP (USD Billion) 65.13 71.5 71.5 71.5 71.5 76
GDP Constant Prices (BGN Million) 27825.07 21273 25444 28122 28771 29692
Gross Fixed Capital Formation (BGN Million) 4747.32 3421 5370 4798 4909 5066
GDP per capita (USD) 8651.10 10100 10100 10100 10100 10600
GDP per capita PPP (USD) 19320.76 20300 20300 20300 20300 20300
GDP From Agriculture (BGN Million) 1669.59 453 895 1687 1726 1782
GDP From Construction (BGN Million) 1445.80 920 1225 1461 1495 1543
GDP From Manufacturing (BGN Million) 5940.19 5047 5610 6004 6142 6339
GDP From Public Administration (BGN Million) 3474.30 3808 4086 3511 3592 3707
GDP From Services (BGN Million) 6187.33 4143 5648 6253 6398 6602

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 5.90 5.7 5.2 4.9 5.1 5
Wages (BGN/Month) 1349.00 1330 1350 1365 1400 1500
Minimum Wages (EUR/Month) 286.33 340 320 320 320 370
Population (Million) 7.05 6.95 6.95 6.95 6.95 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 High Skilled (BGN/Month) 1280.00 1360 1360 1360 1400 1450
Wages In Manufacturing (BGN/Month) 1165.00 1080 1080 1080 1150 1150
Wages Low Skilled (BGN/Month) 600.00 680 680 680 700 720
Living Wage Family (BGN/Month) 1080.00 1097 1097 1097 1097 1124

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 4.20 2.9 2 1.6 1.4 2.2
Inflation Rate Mom (%) 0.90 0.1 0.2 0.2 0.3 0.3
Consumer Price Index CPI (points) 7229.40 7183 7123 7130 7263 7422
Harmonised Consumer Prices (points) 106.96 106 106 106 108 110
Core Consumer Prices (points) 103.22 104 104 104 104 106
Core Inflation Rate (%) 1.50 2.3 2.2 2.1 2.1 1.9
Producer Prices (points) 110.20 112 111 114 114 118
CPI Housing Utilities (points) 15995.70 16086 15906 16115 16131 16486
CPI Transportation (points) 7889.99 7962 8054 7970 7986 8162
Food Inflation (%) 8.00 4.1 3.8 3.5 3 3.8
Producer Prices Change (%) 3.50 3.2 3.3 3.5 3.6 3.6

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 0.00 0 0 0 0 0.25
Interbank Rate (%) -0.23 -0.23 -0.23 -0.23 -0.23 0.02
Deposit Interest Rate (%) 0.03 0.03 0.03 0.03 0.03 0.28

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (BGN Million) -819.40 -150 -340 -210 -1300 -1200
Current Account (EUR Million) 23.90 60 390 410 -210 -130
Current Account to GDP (%) 4.60 5 5 5 5 4.4
Imports (BGN Million) 4947.20 5040 5680 5360 5950 5950
Exports (BGN Million) 4127.80 4890 5340 5150 4650 4950
Tourist Arrivals 673363.00 580000 580000 580000 680000 700000

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 19.90 18.5 18.5 18.5 18.5 18
Government Budget (% of GDP) 2.00 1.1 1.1 1.1 1.1 0.8
Government Budget Value (BGN Million) -2494.49 300 300 300 300 300
Government Spending to GDP (%) 34.80 36.6 36.6 36.6 36.6 36.8
Government Spending (BGN Million) 2046.18 1931 2098 2068 2116 2183

Taxes Actual Q1 Q2 Q3 Q4 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 32.8 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 Q1 Q2 Q3 Q4 2021
Business Confidence (points) 26.80 20 18 20 22 21
Industrial Production (%) -1.50 0.8 1.5 1.9 2.2 3.1
Industrial Production Mom (%) -1.80 0.3 0.4 0.5 0.4 0.4

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) -24.40 -24.5 -25 -26 -28 -26
Retail Sales MoM (%) 0.70 0.5 0.2 0.3 0.5 0.4
Retail Sales YoY (%) 5.40 2.5 2.8 3 3.2 4.5
Consumer Credit (Million BGL) 23907.90 22421 23006 23627 24721 25512
Gasoline Prices (USD/Liter) 1.23 1.12 1.15 1.18 1.22 1.22
Consumer Spending (BGN Million) 18082.73 17171 18128 18276 18698 19296

Housing Actual Q1 Q2 Q3 Q4 2021
Construction Output (%) -0.70 3.6 4.2 4 2.9 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.