Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.72 1.68 1.68 1.86 1.86 1.94
Stock Market (points) 567.05 584 580 575 571 562
Government Bond 10Y (%) 0.86 0.93 0.96 1 1.03 1.1
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.70 0.8 0.9 0.7 0.7 0.6
GDP Annual Growth Rate (%) 3.10 3.6 3.6 3.1 3.8 3.7
Unemployment Rate (%) 6.00 7 6.9 6.8 6.8 6.5
Inflation Rate (%) 2.70 2.5 2.4 2.4 2.3 2.1
Inflation Rate Mom (%) 0.00 0.4 0.3 0.2 0.3 0.2
Interest Rate (%) 0.00 0 0 0.25 0.5 1
Balance of Trade (BGN Million) -282.50 -590 0 -158 -700 -500
Current Account (EUR Million) 58.60 -50 300 450 -190 -100
Current Account to GDP (%) 6.50 5 5 5 5 5.5
Government Debt to GDP (%) 22.10 20.9 20.9 20.9 20.9 20
Government Budget (% of GDP) 0.90 -0.5 -0.5 -0.5 -0.5 -0.1
Business Confidence (Index Points) 24.30 27 25 24 26 22
Consumer Confidence (Index Points) -27.00 -22.9 -23.3 -22.7 -22.5 -20
Retail Sales MoM (%) 0.80 0.4 0.2 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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.70 0.8 0.9 0.7 0.7 0.6
GDP Annual Growth Rate (%) 3.10 3.6 3.6 3.1 3.8 3.7
GDP (USD Billion) 56.83 62 62 62 62 69
GDP Constant Prices (BGN Million) 24363.66 18584 22322 24615 25289 26225
Gross Fixed Capital Formation (BGN Million) 4375.65 3177 4951 4421 4542 4710
GDP per capita (USD) 8311.93 8450 8450 8450 8450 8560
GDP per capita PPP (USD) 18563.31 19200 19200 19200 19200 20300
GDP From Agriculture (BGN Million) 1887.14 455 834 1907 1959 2031
GDP From Construction (BGN Million) 1331.51 885 1056 1373 1382 1433
GDP From Manufacturing (BGN Million) 5883.01 4871 5752 5944 6107 6333
GDP From Public Administration (BGN Million) 3061.47 3316 3241 3156 3178 3295
GDP From Services (BGN Million) 5889.07 3586 5134 5950 6113 6339
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.00 7 6.9 6.8 6.8 6.5
Wages (BGN/Month) 1135.00 1200 1129 1128 1300 1400
Minimum Wages (EUR/Month) 260.76 295 295 295 295 340
Population (Million) 7.05 7 7.02 7.02 7.02 6.97
Retirement Age Women 61.17 61.33 61.17 61.17 61.33 61.5
Retirement Age Men 64.08 64.17 64.08 64.08 64.17 64.25
Wages High Skilled (BGN/Month) 1280.00 1360 1056 1075 1360 1400
Wages In Manufacturing (BGN/Month) 1034.00 1030 1082 1101 1080 1150
Wages Low Skilled (BGN/Month) 600.00 680 562 570 680 700
Living Wage Family (BGN/Month) 1080.00 1113 1074 1069 1097 1097
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.70 2.5 2.4 2.4 2.3 2.1
Inflation Rate Mom (%) 0.00 0.4 0.3 0.2 0.3 0.2
Consumer Price Index CPI (Index Points) 6898.96 6906 6950 7020 7060 7208
Harmonised Consumer Prices (Index Points) 103.21 104 105 106 106 108
Core Consumer Prices (Index Points) 101.53 101 102 103 103 104
Core Inflation Rate (%) 2.10 1.6 1.5 1.8 1.8 1.6
Producer Prices (Index Points) 107.20 111 114 113 117 122
Producer Prices Change (%) 3.40 6.5 6.6 6.4 6.5 4
CPI Housing Utilities (Index Points) 15531.98 15316 15329 15646 15873 16207
CPI Transportation (Index Points) 7617.58 7743 8115 8262 8009 8177
Food Inflation (%) 2.60 2.4 2.5 2.4 2.6 2.5
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.5 1
Interbank Rate (%) -0.23 -0.23 -0.23 0.02 0.27 0.27
Deposit Interest Rate (%) 0.05 0.05 0.05 0.3 0.55 0.55
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (BGN Million) -282.50 -590 0 -158 -700 -500
Current Account (EUR Million) 58.60 -50 300 450 -190 -100
Current Account to GDP (%) 6.50 5 5 5 5 5.5
Imports (BGN Million) 5344.50 5740 5410 4906 5840 6150
Exports (BGN Million) 5062.00 5150 5410 4749 5140 5650
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 22.10 20.9 20.9 20.9 20.9 20
Government Budget (% of GDP) 0.90 -0.5 -0.5 -0.5 -0.5 -0.1
Government Budget Value (BGN Million) 148.17 298 302 301 300 300
Government Spending to GDP (%) 35.20 35.2 35.2 35.2 35.2 35.2
Government Spending (BGN Million) 1692.07 1620 1877 1745 1756 1821
Taxes Actual Q1 Q2 Q3 Q4 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 (%) 32.40 32.4 32.4 32.4 32.4 32.4
Social Security Rate For Companies (%) 19.06 19.06 19.06 19.06 19.06 19.06
Social Security Rate For Employees (%) 13.34 13.34 13.34 13.34 13.34 13.34
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 24.30 27 25 24 26 22
Industrial Production (%) 1.20 -0.23 -0.2 -0.2 1.4 1.6
Industrial Production Mom (%) 0.40 0.2 0.3 0.2 0.5 0.4
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) -27.00 -22.9 -23.3 -22.7 -22.5 -20
Retail Sales MoM (%) 0.80 0.4 0.2 0.3 0.3 0.5
Retail Sales YoY (%) 6.50 4.8 4.5 4.4 4.2 2.7
Gasoline Prices (USD/Liter) 1.14 1.07 1.05 1.02 1 1
Consumer Spending (BGN Million) 16402.15 15545 16632 16572 17025 17655
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) -1.80 1.1 2.3 1.8 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.