Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.74 1.68 1.86 1.86 1.86 1.94
Stock Market (points) 575.29 579 575 571 566 558
Government Bond 10Y (%) 0.61 0.72 0.74 0.76 0.79 0.84
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.80 0.7 0.8 0.8 0.7 0.7
GDP Annual Growth Rate (%) 3.20 3.6 3.1 3.8 3.4 3.7
Unemployment Rate (%) 6.20 6.9 6.8 6.8 6.8 6.5
Inflation Rate (%) 3.60 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) -178.00 -300 -40 -1420 -150 -1300
Current Account (EUR Million) 416.21 300 450 -190 -190 -100
Current Account to GDP (%) 4.60 2 2 2 1.5 1.5
Government Debt to GDP (%) 19.60 20.9 20.9 20.9 20 20
Government Budget (% of GDP) 0.90 -0.5 -0.5 -0.5 -0.1 -0.1
Business Confidence (Index Points) 25.70 25 24 26 26 22
Consumer Confidence (Index Points) -25.10 -23.3 -22.7 -22.5 -22.5 -20
Retail Sales MoM (%) -0.60 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 (%) 0.80 0.7 0.8 0.8 0.7 0.7
GDP Annual Growth Rate (%) 3.20 3.6 3.1 3.8 3.4 3.7
GDP (USD Billion) 56.83 62 62 62 69 69
GDP Constant Prices (BGN Million) 24992.44 22322 25119 25942 25842 26902
Gross Fixed Capital Formation (BGN Million) 5251.33 4951 4511 5451 5430 5653
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) 775.47 834 1946 805 802 835
GDP From Construction (BGN Million) 791.96 1031 1373 822 819 852
GDP From Manufacturing (BGN Million) 5261.97 5752 6065 5462 5441 5664
GDP From Public Administration (BGN Million) 3826.67 3166 3156 3972 3957 4119
GDP From Services (BGN Million) 6623.03 5134 6072 6875 6848 7129
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 6.20 6.9 6.8 6.8 6.8 6.5
Wages (BGN/Month) 1205.00 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) 1034.00 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 (%) 3.60 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) 6980.35 6950 7020 7058 7115 7206
Core Consumer Prices (Index Points) 101.32 102 103 103 103 105
Core Inflation Rate (%) 1.80 1.5 1.8 1.8 1.8 1.6
Producer Prices (Index Points) 107.80 114 113 113 115 118
Producer Prices Change (%) 3.90 6.6 6.4 6.5 6.5 4
CPI Housing Utilities (Index Points) 15633.10 15329 15646 15889 15944 16223
CPI Transportation (Index Points) 7737.57 8115 8262 7793 7718 7956
Food Inflation (%) 5.60 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) -178.00 -300 -40 -1420 -150 -1300
Current Account (EUR Million) 416.21 300 450 -190 -190 -100
Current Account to GDP (%) 4.60 2 2 2 1.5 1.5
Imports (BGN Million) 4821.20 5410 5020 5740 5040 5950
Exports (BGN Million) 4643.20 5110 4980 4320 4890 4650
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 19.60 20.9 20.9 20.9 20 20
Government Budget (% of GDP) 0.90 -0.5 -0.5 -0.5 -0.1 -0.1
Government Spending to GDP (%) 35.20 33.7 33.7 33.7 33.4 33.4
Government Spending (BGN Million) 2271.54 1833 1745 2358 2349 2445
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 (%) 32.40 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 25.70 25 24 26 26 22
Industrial Production (%) 6.60 0.1 2.5 3.5 2.8 1.6
Industrial Production Mom (%) 1.50 0.3 0.2 0.5 0.5 0.4
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -25.10 -23.3 -22.7 -22.5 -22.5 -20
Retail Sales MoM (%) -0.60 0.2 0.3 0.3 0.3 0.5
Retail Sales YoY (%) -0.10 4.5 4.4 4.2 4.2 2.7
Gasoline Prices (USD/Liter) 1.22 1.18 1.15 1.12 1.1 1.1
Consumer Spending (BGN Million) 18768.35 16632 16911 19482 19406 20202
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) 9.20 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.