Markets Actual Q3 Q4 Q1 Q2 2022
Currency 1.65 1.67 1.34 1.68 1.68 1.68
Stock Market (points) 574.24 562 552 543 534 517
Government Bond 10Y (%) 0.25 0.28 0.3 0.33 0.37 0.44

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.50 3.5 2.3 0.5 0.3 0.4
GDP Annual Growth Rate (%) -1.80 6.5 5.2 2.5 2.5 1.2
Unemployment Rate (%) 5.20 6.5 7 6.8 6.9 6.5
Inflation Rate (%) 2.70 2 2.6 2.4 2 2.1
Inflation Rate Mom (%) -0.20 0.1 0.6 0.6 0.6 0.5
Interest Rate (%) 0.00 0 0 0 0 0.5
Balance of Trade (BGN Million) -906.60 -50 -950 -950 -950 -950
Current Account (EUR Million) -98.90 350 -180 -180 -180 -180
Current Account to GDP (% of GDP) 4.00 1.5 1.5 1.3 1.3 1.3
Government Debt to GDP (% of GDP) 24.20 25 25.5 25.9 26.3 26.7
Government Budget (% of GDP) -3.40 -3.8 -3.8 -3.8 -2.1 -2.1
Business Confidence (points) 19.90 22 23 23 23 23
Consumer Confidence (points) -30.90 -27.5 -26 -26 -26 -23
Retail Sales MoM (%) 1.40 0.3 0.5 0.5 0.5 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 2022
GDP Growth Rate (%) 2.50 3.5 2.3 0.5 0.3 0.4
GDP Annual Growth Rate (%) -1.80 6.5 5.2 2.5 2.5 1.2
GDP (USD Billion) 69.11 77.65 77.65 84.32 84.32 84.32
GDP Constant Prices (BGN Million) 21390.45 24915 27897 28536 21925 28878
Gross Fixed Capital Formation (BGN Million) 3173.10 5223 5862 6470 3252 6548
GDP per capita (USD) 8743.22 8900 8900 8900 8900 9300
GDP per capita PPP (USD) 22383.81 23000 23000 23000 23000 23300
GDP From Agriculture (BGN Million) 499.73 933 866 961 512 972
GDP From Construction (BGN Million) 1073.03 1345 884 1119 1100 1133
GDP From Manufacturing (BGN Million) 5060.42 5987 5874 6119 5187 6192
GDP From Public Administration (BGN Million) 4606.12 4331 4271 5689 4721 5757
GDP From Services (BGN Million) 4084.15 4655 7393 5977 4186 6049

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 5.20 6.5 7 6.8 6.9 6.5
Wages (BGN/Month) 1500.00 1400 1500 1500 1500 1500
Minimum Wages (EUR/Month) 332.34 332 332 345 345 345
Population (Million) 6.95 6.9 6.9 6.9 6.9 6.85
Retirement Age Women 61.67 61.67 61.67 61.83 61.83 61.83
Retirement Age Men 64.33 64.33 64.33 64.42 64.42 64.42
Wages In Manufacturing (BGN/Month) 1263.00 1150 1150 1150 1150 1150

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 2.70 2 2.6 2.4 2 2.1
Inflation Rate Mom (%) -0.20 0.1 0.6 0.6 0.6 0.5
Consumer Price Index CPI (points) 7279.63 7224 7359 7407 7425 7514
Core Consumer Prices (points) 104.54 105 107 107 107 107
Core Inflation Rate (%) 1.20 2.4 2.7 2.7 2.7 3
Producer Prices (points) 117.90 116 118 120 122 122
Producer Prices Change (%) 13.00 8.5 7.5 5.1 3.8 4
Food Inflation (%) 0.70 1.4 2.8 3 3 5
CPI Housing Utilities (points) 16154.07 16290 16461 16466 16477 16807
CPI Transportation (points) 7800.32 7227 7323 7778 7956 7476

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.00 0 0 0 0 0.5
Deposit Interest Rate (%) 0.02 0.02 0.55 0.02 0.02 0.52

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (BGN Million) -906.60 -50 -950 -950 -950 -950
Current Account (EUR Million) -98.90 350 -180 -180 -180 -180
Current Account to GDP (% of GDP) 4.00 1.5 1.5 1.3 1.3 1.3
Exports (BGN Million) 5084.70 4650 4000 4000 4000 4300
Imports (BGN Million) 5991.30 4700 4950 4950 4950 5250
Tourist Arrivals (Persons) 742767.00 712000 490000 490000 490000 550000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 24.20 25 25.5 25.9 26.3 26.7
Government Budget (% of GDP) -3.40 -3.8 -3.8 -3.8 -2.1 -2.1
Government Budget Value (BGN Million) 260.51 300 300 300 300 300
Government Spending to GDP (% of GDP) 42.90 41 41 41 41 38.5
Government Spending (BGN Million) 2156.48 2274 2536 2955 2210 2990

Taxes Actual Q3 Q4 Q1 Q2 2022
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 32.4 32.4 32.4 32.4 32.4
Social Security Rate For Companies (%) 19.02 19.06 19.06 19.06 19.06 19.06
Social Security Rate For Employees (%) 13.78 13.34 13.34 13.34 13.34 13.34

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 19.90 22 23 23 23 23
Industrial Production (%) 16.50 5.5 5.3 5.3 5.3 5.3
Industrial Production Mom (%) -1.20 0.2 0.2 0.2 0.2 0.4

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) -30.90 -27.5 -26 -26 -26 -23
Retail Sales MoM (%) 1.40 0.3 0.5 0.5 0.5 0.5
Retail Sales YoY (%) 23.90 17.3 6 6 6 6
Consumer Credit (Million BGL) 27111.79 26774 26818 26737 27790 27140
Gasoline Prices (USD/Liter) 1.36 1.29 1.23 1.17 1.11 1.05
Consumer Spending (BGN Million) 17443.48 18559 20950 21784 17880 22045

Housing Actual Q3 Q4 Q1 Q2 2022
Construction Output (%) 4.60 2.8 3 3 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.