Markets Actual Q3 Q4 Q1 Q2 2021
Currency 1.66 1.67 1.68 1.68 1.68 1.68
Stock Market (points) 430.87 426 420 414 407 395
Government Bond 10Y (%) 0.45 0.48 0.5 0.53 0.57 0.63

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 0.30 6.2 4.8 0.9 1.2 1.1
GDP Annual Growth Rate (%) 2.40 -9.2 -5 -2.1 15 4.2
Unemployment Rate (%) 8.30 9.5 9.8 9.5 8.8 8
Inflation Rate (%) 1.60 0.5 0.1 -0.3 0.7 2
Inflation Rate Mom (%) -0.40 0.2 0.3 0.4 0.5 0.6
Interest Rate (%) 0.00 0 0 0 0 0.25
Balance of Trade (BGN Million) -305.50 -500 -1300 -650 -600 -1200
Current Account (EUR Million) 75.10 300 -210 10 450 -180
Current Account to GDP (%) 4.00 3.5 3.5 5.2 5.2 5.2
Government Debt to GDP (%) 20.90 25.3 25.5 25.6 25.7 25.6
Government Budget (% of GDP) 2.10 -3 -3 -2.1 -2.1 -2.1
Business Confidence (points) 11.00 15 17 20 21 23
Consumer Confidence (points) -38.50 -37 -22 -23 -25 -26
Retail Sales MoM (%) 0.00 0.3 0.4 0.4 0.7 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 2021
GDP Growth Rate (%) 0.30 6.2 4.8 0.9 1.2 1.1
GDP Annual Growth Rate (%) 2.40 -9.2 -5 -2.1 15 4.2
GDP (USD Billion) 67.93 62 62 66 66 66
GDP Constant Prices (BGN Million) 21287.90 26910 26963 20841 24481 28096
Gross Fixed Capital Formation (BGN Million) 3141.63 4602 5662 3076 3613 5900
GDP per capita (USD) 9026.20 8500 8500 8900 8900 8900
GDP per capita PPP (USD) 23091.30 22000 22000 23000 23000 23000
GDP From Agriculture (BGN Million) 490.43 1618 748 480 564 780
GDP From Construction (BGN Million) 1088.01 1401 1039 1065 1251 1083
GDP From Manufacturing (BGN Million) 4969.93 5650 5300 4866 5715 5523
GDP From Public Administration (BGN Million) 4003.40 3368 4336 3919 4604 4518
GDP From Services (BGN Million) 4143.16 5998 6533 4056 4765 6807

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 8.30 9.5 9.8 9.5 8.8 8
Wages (BGN/Month) 1321.00 1365 1400 1400 1400 1500
Minimum Wages (EUR/Month) 286.33 320 320 370 370 370
Population (Million) 7.00 6.95 6.95 6.9 6.9 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 In Manufacturing (BGN/Month) 1162.00 1080 1150 1150 1150 1150

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 1.60 0.5 0.1 -0.3 0.7 2
Inflation Rate Mom (%) -0.40 0.2 0.3 0.4 0.5 0.6
Harmonised Consumer Prices (points) 105.69 106 108 108 108 110
Consumer Price Index CPI (points) 7091.50 7052 7170 7167 7169 7313
Core Consumer Prices (points) 103.47 104 106 105 105 108
Core Inflation Rate (%) 1.20 2.1 2.1 2.1 2.1 1.9
Producer Prices (points) 104.40 106 118 105 106 123
Producer Prices Change (%) -3.20 -4 -3.8 -1.5 -0.5 2
Food Inflation (%) 6.40 3.5 3 3 3 3.8
CPI Housing Utilities (points) 15624.80 15940 15924 15937 15743 16242
CPI Transportation (points) 6916.66 7884 7884 7613 7001 8042

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

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (BGN Million) -305.50 -500 -1300 -650 -600 -1200
Current Account (EUR Million) 75.10 300 -210 10 450 -180
Current Account to GDP (%) 4.00 3.5 3.5 5.2 5.2 5.2
Exports (BGN Million) 3744.30 3800 3900 4500 4300 4000
Imports (BGN Million) 4049.80 4300 4750 5150 4900 4950
Tourist Arrivals 380673.00 900000 450000 490000 145000 590000

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 20.90 25.3 25.5 25.6 25.7 25.6
Government Budget (% of GDP) 2.10 -3 -3 -2.1 -2.1 -2.1
Government Budget Value (BGN Million) 193.14 300 300 300 300 300
Government Spending to GDP (%) 36.30 42.5 42.5 41 41 41
Government Spending (BGN Million) 2028.36 1983 2554 1986 2333 2661

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) 11.00 15 17 20 21 23
Industrial Production (%) -16.10 -11 -8.5 -8.5 5.4 6.8
Industrial Production Mom (%) -0.10 0.5 0.4 0.4 0.4 0.4

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -38.50 -37 -22 -23 -25 -26
Retail Sales MoM (%) 0.00 0.3 0.4 0.4 0.7 0.5
Retail Sales YoY (%) -20.40 -5.5 -3.2 3.5 4.5 6
Consumer Credit (Million BGL) 24558.68 22661 22713 23849 27985 23666
Gasoline Prices (USD/Liter) 1.07 0.93 0.88 0.84 0.8 0.76
Consumer Spending (BGN Million) 16749.62 17918 19882 16398 19262 20717

Housing Actual Q3 Q4 Q1 Q2 2021
Construction Output (%) -14.10 -2 -0.9 1.5 2.3 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.