Markets Actual Q4 Q1 Q2 Q3 2022
Currency 1.69 1.34 1.34 1.68 1.68 1.68
Stock Market (points) 574.94 562 552 542 532 513
Government Bond 10Y (%) 0.30 0.32 0.33 0.35 0.37 0.41

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.60 2.3 0.5 0.3 0.4 0.4
GDP Annual Growth Rate (%) 9.90 6.9 7.2 5.8 3.3 1.2
Unemployment Rate (%) 4.90 4.6 4.6 4.7 4.3 4.1
Inflation Rate (%) 3.70 3.8 3.4 2 2 2.1
Inflation Rate Mom (%) 0.80 0.6 0.6 0.6 0.6 0.5
Interest Rate (%) 0.00 0 0 0 0.25 0.5
Balance of Trade (BGN Million) -715.20 -950 -950 -950 -950 -950
Current Account (EUR Million) 336.50 -180 -180 -180 -180 -180
Current Account to GDP (% of GDP) -0.70 1.5 1.3 1.3 1.3 1.3
Government Debt to GDP (% of GDP) 23.80 25.5 25.9 26.3 26.3 26.7
Government Budget (% of GDP) -3.40 -3.8 -3.8 -2.1 -2.1 -2.1
Business Confidence (points) 17.50 23 23 23 23 23
Consumer Confidence (points) -27.40 -26 -26 -26 -26 -23
Retail Sales MoM (%) -1.10 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 Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.60 2.3 0.5 0.3 0.4 0.4
GDP Annual Growth Rate (%) 9.90 6.9 7.2 5.8 3.3 1.2
GDP (USD Billion) 69.11 77.65 84.32 84.32 84.32 84.32
GDP Constant Prices (BGN Million) 24578.07 27897 28997 22931 26004 29345
Gross Fixed Capital Formation (BGN Million) 4956.01 5862 6575 3402 5243 6654
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) 983.40 866 976 536 1040 988
GDP From Construction (BGN Million) 1415.24 884 1137 1150 1497 1151
GDP From Manufacturing (BGN Million) 5906.18 5874 6218 5425 6249 6292
GDP From Public Administration (BGN Million) 4915.10 4271 5781 4938 5200 5850
GDP From Services (BGN Million) 5284.01 7393 6074 4378 5590 6146

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 4.90 4.6 4.6 4.7 4.3 4.1
Wages (BGN/Month) 1505.00 1500 1500 1500 1500 1500
Minimum Wages (EUR/Month) 332.34 332 345 345 345 345
Population (Million) 6.95 6.9 6.9 6.9 6.9 6.85
Retirement Age Women 61.67 61.67 61.83 61.83 61.83 61.83
Retirement Age Men 64.33 64.33 64.42 64.42 64.42 64.42
Wages In Manufacturing (BGN/Month) 1296.00 1150 1150 1150 1150 1150

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 3.70 3.8 3.4 2 2 2.1
Inflation Rate Mom (%) 0.80 0.6 0.6 0.6 0.6 0.5
Consumer Price Index CPI (points) 7392.28 7445 7480 7425 7540 7602
Core Consumer Prices (points) 105.52 107 107 107 108 109
Core Inflation Rate (%) -0.10 2.4 2.8 2.5 2.6 2.3
Producer Prices (points) 125.04 130 132 133 134 135
Producer Prices Change (%) 17.90 18.6 15.2 12.7 7.3 4.3
Food Inflation (%) 3.60 4.8 4.2 3.5 3 2
CPI Housing Utilities (points) 16713.59 16654 16627 16477 17048 17003
CPI Transportation (points) 8260.40 8310 8360 8410 8460 8503

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.00 0 0 0 0.25 0.5
Deposit Interest Rate (%) 0.01 0.55 0.01 0.01 0.01 0.26

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (BGN Million) -715.20 -950 -950 -950 -950 -950
Current Account (EUR Million) 336.50 -180 -180 -180 -180 -180
Current Account to GDP (% of GDP) -0.70 1.5 1.3 1.3 1.3 1.3
Exports (BGN Million) 5524.90 4000 4000 4000 4000 4300
Imports (BGN Million) 6240.10 4950 4950 4950 4950 5250
Tourist Arrivals (Persons) 1537570.00 490000 490000 490000 490000 550000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 23.80 25.5 25.9 26.3 26.3 26.7
Government Budget (% of GDP) -3.40 -3.8 -3.8 -2.1 -2.1 -2.1
Government Budget Value (BGN Million) 253.96 300 300 300 300 300
Government Spending to GDP (% of GDP) 42.90 41 41 41 41 38.5
Government Spending (BGN Million) 2095.57 2536 3003 2312 2217 3039

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 17.50 23 23 23 23 23
Industrial Production (%) 10.80 5.3 5.3 5.3 5.3 5.3
Industrial Production Mom (%) 1.80 0.2 0.2 0.2 0.2 0.4

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) -27.40 -26 -26 -26 -26 -23
Retail Sales MoM (%) -1.10 0.5 0.5 0.5 0.5 0.5
Retail Sales YoY (%) 12.00 6 6 6 6 6
Consumer Credit (Million BGL) 27795.23 24367 27252 27963 28684 27579
Gasoline Prices (USD/Liter) 1.35 1.28 1.22 1.16 1.1 1.05
Consumer Spending (BGN Million) 18745.40 20950 22136 18699 19833 22401

Housing Actual Q4 Q1 Q2 Q3 2022
Construction Output (%) 2.40 3 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.