Bulgaria Current Account Deficit Widens in February

Bulgaria’s current account deficit widened markedly to EUR 170.1 million in February 2026 from EUR 77.4 million a year earlier. The goods account gap increased significantly to EUR 657.5 million, compared with EUR 371.7 million in February 2025. On the other hand, the services surplus rose to EUR 609.7 million from EUR 560.5 million. In addition, the shortfall in net primary income, reflecting income from labour, capital, land, and taxes on production and imports as well as subsidies, narrowed notably to EUR 177.4 million from EUR 306.3 million, while the secondary income surplus, reflecting the redistribution of income, increased to EUR 70.5 million from EUR 14.9 million.

Bulgaria’s current account deficit widened sharply to EUR 729.4 million in January 2026 from EUR 29.3 million in the same month a year earlier. The goods account deficit widened to EUR -879.4 million from EUR -869.2 million. At the same time, the services surplus narrowed to EUR 575.5 million from EUR 602.4 million, while the primary income balance, which reflects the receipt and payment of income related to the use of resources, such as labour, capital, land, taxes of production and imports and subsidies, shifted to a deficit of EUR 514.6 million, compared with a surplus of EUR 242.1 million a year earlier. In contrast, the secondary income account recorded a surplus of EUR 89.1 million, reversing a deficit of EUR 4.5 million.

Bulgaria’s current account deficit widened to EUR 1,409.5 million in December 2025 from EUR 607.6 billion in the same month last year. This was the largest trade deficit since records began in 1998, due to wider deficits in goods (EUR -1,290.9 million vs EUR -723.3 million in December 2024) and primary income (EUR -755.2 million vs EUR -639.4 million). In addition, the services surplus narrowed to EUR 405.0 million from EUR 661.8 million in the previous year. Conversely, the secondary income surplus rose to EUR 231.5 million from EUR 93.2 million a year ago. For 2025 as a whole, Bulgaria’s trade deficit expanded sharply to EUR 6,874.3 million from EUR 1,416.0 million in 2024.