Markets Actual Q3 Q4 Q1 Q2 2023
Currency 1.93 1.34 1.34 1.68 1.68 1.68
Stock Market (points) 622.29 603 586 571 555 526
Government Bond 10Y (%) 3.00 3.3 3.63 3.99 4.39 5.31

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.84 0.6 0.6 0.9 1 1
GDP Annual Growth Rate (%) 4.00 2 2 1.7 2.6 3.5
Unemployment Rate (%) 4.20 4.3 4.1 4.1 4.1 3.5
Inflation Rate (%) 16.90 14 12.1 9.5 7 4.5
Inflation Rate Mom (%) 0.90 0.5 0.8 -0.1 -0.1 1
Interest Rate (%) 0.00 0.25 0.5 0.5 0.5 1
Balance of Trade (BGN Million) -1486.40 -950 -950 -950 -950 -950
Current Account (EUR Million) 195.40 -180 -180 -180 -180 -180
Current Account to GDP (% of GDP) -0.40 1.3 1.3 1.3 1.3 0.8
Government Debt to GDP (% of GDP) 20.90 26.3 26.7 26.7 26.7 27.2
Government Budget (% of GDP) -4.10 -3.9 -3.9 -2.5 -2.5 -2.5
Business Confidence (points) 21.90 15.2 23 23 23 23
Consumer Confidence (points) -38.40 -43 -23 -23 -23 -23
Retail Sales MoM (%) -1.40 0.5 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 2023
GDP Growth Rate (%) 0.84 0.6 0.6 0.9 1 1
GDP Annual Growth Rate (%) 4.00 2 2 1.7 2.6 3.5
GDP (USD Billion) 80.27 84.32 84.32 84.32 84.32 90
GDP Constant Prices (BGN Million) 21838.75 24616 28276 29058 22210 30075
Gross Fixed Capital Formation (BGN Million) 2957.24 4966 4429 5618 3008 5814
GDP per capita (USD) 8293.57 8900 9300 9300 9300 9300
GDP per capita PPP (USD) 23431.97 23000 23300 23300 23300 23300
Full Year GDP Growth (%) 4.20 2.5 2.5 4 4 4
GDP From Agriculture (BGN Million) 584.52 1011 2402 1134 594 1174
GDP From Construction (BGN Million) 901.59 1455 1645 1002 917 1037
GDP From Manufacturing (BGN Million) 9447.77 6072 6768 8052 9608 8334
GDP From Public Administration (BGN Million) 4745.89 5053 4707 5698 4827 5897
GDP From Services (BGN Million) 4360.69 5432 6848 7926 4435 8203

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 4.20 4.3 4.1 4.1 4.1 3.5
Wages (BGN/Month) 1710.00 1500 1500 1500 1500 1500
Minimum Wages (EUR/Month) 363.02 363 363 390 390 390
Population (Million) 6.84 6.9 6.85 6.85 6.85 6.85
Retirement Age Women 61.67 61.83 61.83 61.83 61.83 62
Retirement Age Men 64.33 64.42 64.42 64.42 64.42 64.5
Wages In Manufacturing (BGN/Month) 1443.00 1150 1150 1150 1150 1150

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 16.90 14 12.1 9.5 7 4.5
Inflation Rate Mom (%) 0.90 0.5 0.8 -0.1 -0.1 1
Consumer Price Index CPI (points) 8506.69 8461 8664 8904 9102 9054
Core Consumer Prices (points) 112.80 108 109 112 115 111
Core Inflation Rate (%) 7.70 2.6 2.3 2.3 2.3 1
Producer Prices (points) 166.80 137 149 162 174 157
Food Inflation (%) 23.80 7.5 3 1 1 2.2
CPI Housing Utilities (points) 19145.59 19286 20075 20073 20486 20978
CPI Transportation (points) 10722.20 10776 10862 10851 10840 10949
Producer Prices Change (%) 41.40 7.3 4.3 4.3 4.3 5.1

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 0.00 0.25 0.5 0.5 0.5 1
Deposit Interest Rate (%) 0.00 0.25 0.5 0.5 0.5 0.5

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (BGN Million) -1486.40 -950 -950 -950 -950 -950
Current Account (EUR Million) 195.40 -180 -180 -180 -180 -180
Current Account to GDP (% of GDP) -0.40 1.3 1.3 1.3 1.3 0.8
Imports (BGN Million) 10186.80 4950 5250 5250 5250 5250
Exports (BGN Million) 8700.40 4000 4300 4300 4300 4300
Tourist Arrivals 1131913.00 490000 550000 550000 550000 550000

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 20.90 26.3 26.7 26.7 26.7 27.2
Government Budget (% of GDP) -4.10 -3.9 -3.9 -2.5 -2.5 -2.5
Government Budget Value (BGN Million) 547.59 300 300 300 300 300
Government Spending to GDP (% of GDP) 43.10 41 38.5 38.5 38.5 38.5
Government Spending (BGN Million) 1966.13 2186 2205 2858 2000 2958

Taxes Actual Q3 Q4 Q1 Q2 2023
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 2023
Business Confidence (points) 21.90 15.2 23 23 23 23
Industrial Production (%) 17.40 1.3 2.8 2.8 2.8 2.8
Industrial Production Mom (%) -0.80 0.2 0.2 0.2 0.2 0.4

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) -38.40 -43 -23 -23 -23 -23
Retail Sales MoM (%) -1.40 0.5 0.5 0.5 0.5 0.5
Retail Sales YoY (%) 0.10 6 6 6 6 6
Consumer Credit (BGN Million) 31110.85 28656 29486 30272 31920 30518
Gasoline Prices (USD/Liter) 1.74 1.81 1.87 1.94 2.01 2.01
Consumer Spending (BGN Million) 18296.84 18885 20676 22924 18608 23726

Housing Actual Q3 Q4 Q1 Q2 2023
Construction Output (%) -0.50 3 5 5 5 5


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Bulgaria Forecast - was last updated on Monday, August 15, 2022.