Bulgaria Crude Oil Production  Forecast


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Crude Oil Production in Bulgaria is expected to be 0.98 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Bulgaria to stand at 0.97 in 12 months time. In the long-term, the Bulgaria Crude Oil Production is projected to trend around 0.94 BBL/D/1K in 2020, according to our econometric models.


Bulgaria Trade Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 33.4 -179 -167 -230 -264 -427
Exports 4503 4454 4427 4400 4373 4141
Imports 4470 4502 4453 4428 4399 4167
Current Account 415 129 3.5 -54.32 -81.02 -104
Current Account to GDP 4.2 3.6 3.2 3.2 3.2 2.9
External Debt 33149 32484 32227 32076 31970 31326
Capital Flows 385 374 259 184 135 38.17
Remittances 66.2 68.31 71.51 73.86 74.84 74.84
Tourist Arrivals 1270585 568000 479000 1492000 1254000 587000
Gold Reserves 40.35 40.33 40.33 40.32 40.32 40.29
Terrorism Index 1.18 0.48 0.36 0.24 0.12 0.51
Weapons Sales 4 28.91 29.83 30.75 31.66 33.76
Foreign Direct Investment 71.6 87.9 100 113 123 161
Crude Oil Production 1 0.98 0.98 0.97 0.97 0.94