Bulgaria recorded a Current Account surplus of 4 percent of the country's Gross Domestic Product in 2019. source: Bulgarian National Bank

Current Account to GDP in Bulgaria averaged -3.36 percent from 1980 until 2019, reaching an all time high of 6.40 percent in 2017 and a record low of -24.10 percent 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 June of 2021.

Current Account to GDP in Bulgaria is expected to reach 1.50 percent 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 in 2022 and 0.80 percent in 2023, according to our econometric models.

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Bulgaria Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.60 6.40 -24.10 1980 - 2019 percent of GDP Yearly

Bulgaria Trade Last Previous Highest Lowest Unit
Balance of Trade -963.50 -439.50 98.50 -2106.20 BGN Million [+]
Current Account -330.80 351.00 1005.10 -1166.80 EUR Million [+]
Current Account to GDP 4.00 4.60 6.40 -24.10 percent of GDP [+]
Exports 5720.60 4983.00 5720.60 607.60 BGN Million [+]
Imports 6684.10 5422.50 6684.10 894.10 BGN Million [+]
External Debt 37569.30 37720.90 39435.60 9401.10 EUR Million [+]
Capital Flows 312.50 716.50 994.80 -2825.50 EUR Million [+]
Remittances 12.90 11.90 122.00 11.40 EUR Million [+]
Tourist Arrivals 282501.00 287900.00 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 -8.00 27.10 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.