Bulgaria recorded a Current Account deficit of 0.70 percent of the country's Gross Domestic Product in 2020. source: Bulgarian National Bank

Current Account to GDP in Bulgaria averaged -3.50 percent of GDP from 1980 until 2020, reaching an all time high of 4 percent of GDP in 1997 and a record low of -24.10 percent of GDP in 1993. This page provides - Bulgaria Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Bulgaria is expected to reach 1.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bulgaria Current Account to GDP is projected to trend around 1.30 percent of GDP in 2022 and 0.80 percent of GDP in 2023, according to our econometric models.

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Bulgaria Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 1.80 4.00 -24.10 1980 - 2020 percent of GDP Yearly

Bulgaria Trade Last Previous Highest Lowest Unit
Balance of Trade -569.80 -800.80 98.50 -2106.20 BGN Million [+]
Current Account 336.50 88.00 1005.10 -1166.80 EUR Million [+]
Current Account to GDP -0.70 1.80 4.00 -24.10 percent of GDP [+]
Exports 5781.90 5639.30 5824.50 607.60 BGN Million [+]
Imports 6351.70 6440.10 6677.60 894.10 BGN Million [+]
External Debt 37601.30 37191.70 39435.60 9401.10 EUR Million [+]
Capital Flows 467.40 400.10 994.80 -2825.50 EUR Million [+]
Remittances 16.90 16.20 122.00 11.40 EUR Million [+]
Tourist Arrivals 1234507.00 742767.00 3531567.00 81153.00 Persons [+]
Gold Reserves 40.83 40.83 40.83 39.56 Tonnes [+]
Terrorism Index 0.17 0.37 3.09 0.00 [+]
Weapons Sales 10.00 14.00 167.00 0.00 SIPRI TIV Million [+]
Foreign Direct Investment 170.50 372.10 1091.80 -414.00 EUR Million [+]
Crude Oil Production 1.00 1.00 1.10 0.60 BBL/D/1K [+]


Bulgaria Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.