Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.64 1.67 1.68 1.68 1.68 1.68
Stock Market (points) 504.28 501 493 486 478 464
Government Bond 10Y (%) 0.22 0.23 0.25 0.26 0.28 0.31

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 2.20 1.7 5.5 1.5 0.5 0.4
GDP Annual Growth Rate (%) -3.80 7.9 6.5 4.2 4.2 4.2
Unemployment Rate (%) 6.90 8.8 8.3 8 7.5 7
Inflation Rate (%) -0.10 2 2.3 2.6 2.4 1.4
Inflation Rate Mom (%) 0.60 0.5 0.1 0.6 0.6 0.5
Interest Rate (%) 0.00 0 0 0 0.25 0.5
Balance of Trade (BGN Million) -256.30 -1300 -650 -1200 -1200 -1200
Current Account (EUR Million) 85.00 450 350 -180 -180 -180
Current Account to GDP (%) 4.00 1.5 1.5 1.5 1.3 1.3
Government Debt to GDP (%) 23.20 28 28 28 28 27
Government Budget (% of GDP) 1.90 -3.8 -3.8 -3.8 -2.1 -2.1
Business Confidence (points) 19.80 21 22 23 23 23
Consumer Confidence (points) -33.60 -25 -27 -26 -26 -23
Retail Sales MoM (%) 3.00 0.7 0.3 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 Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 2.20 1.7 5.5 1.5 0.5 0.4
GDP Annual Growth Rate (%) -3.80 7.9 6.5 4.2 4.2 4.2
GDP (USD Billion) 67.93 77.65 77.65 77.65 84.32 84.32
GDP Constant Prices (BGN Million) 27125.09 20841 24728 27897 27797 28965
Gross Fixed Capital Formation (BGN Million) 6150.26 3076 5223 5862 4991 5200
GDP per capita (USD) 9026.20 8900 8900 8900 8900 9300
GDP per capita PPP (USD) 23091.30 23000 23000 23000 23000 23300
GDP From Agriculture (BGN Million) 913.30 480 933 866 1854 1932
GDP From Construction (BGN Million) 1063.99 1065 1323 884 1655 1724
GDP From Manufacturing (BGN Million) 5816.36 4866 5987 5874 6160 6419
GDP From Public Administration (BGN Million) 5407.73 3919 4331 4271 4336 4518
GDP From Services (BGN Million) 5681.54 4056 4655 7393 5218 5437

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 6.90 8.8 8.3 8 7.5 7
Wages (BGN/Month) 1468.00 1400 1400 1500 1500 1500
Minimum Wages (EUR/Month) 332.34 332 332 332 345 345
Population (Million) 7.00 6.9 6.9 6.9 6.9 6.85
Retirement Age Women 61.67 61.67 61.67 61.67 61.83 61.83
Retirement Age Men 64.33 64.33 64.33 64.33 64.42 64.42
Wages In Manufacturing (BGN/Month) 1240.00 1150 1150 1150 1150 1150

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) -0.10 2 2.3 2.6 2.4 1.4
Inflation Rate Mom (%) 0.60 0.5 0.1 0.6 0.6 0.5
Consumer Price Index CPI (points) 7229.87 7217 7233 7357 7359 7462
Core Consumer Prices (points) 104.04 105 105 107 107 107
Core Inflation Rate (%) 1.20 1.8 2.4 2.7 2.7 3
Producer Prices (points) 112.70 108 106 123 123 114
Producer Prices Change (%) 3.10 1.8 2 2.2 2.2 2
Food Inflation (%) 0.40 0.4 1.4 2.8 3 5
CPI Housing Utilities (points) 16071.83 16049 15937 16564 16461 16692
CPI Transportation (points) 7375.53 7666 7055 8124 7323 7425

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.00 0 0 0 0.25 0.5
Deposit Interest Rate (%) 0.02 0.02 0.02 0.55 0.02 0.27

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (BGN Million) -256.30 -1300 -650 -1200 -1200 -1200
Current Account (EUR Million) 85.00 450 350 -180 -180 -180
Current Account to GDP (%) 4.00 1.5 1.5 1.5 1.3 1.3
Exports (BGN Million) 4685.50 4300 4650 4000 4000 4300
Imports (BGN Million) 4941.80 4900 4700 4950 4950 5250
Tourist Arrivals (Persons) 240866.00 420000 712000 490000 490000 550000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 23.20 28 28 28 28 27
Government Budget (% of GDP) 1.90 -3.8 -3.8 -3.8 -2.1 -2.1
Government Budget Value (BGN Million) -576.57 300 300 300 300 300
Government Spending to GDP (%) 36.30 41 41 41 41 38.5
Government Spending (BGN Million) 2808.72 1986 2274 2536 2148 2239

Taxes Actual Q2 Q3 Q4 Q1 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 32.8 32.4 32.4 32.4
Social Security Rate For Companies (%) 19.02 19.06 19.02 19.06 19.06 19.06
Social Security Rate For Employees (%) 13.78 13.34 13.78 13.34 13.34 13.34

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 19.80 21 22 23 23 23
Industrial Production (%) -3.40 7.5 5.5 5.3 5.3 5.3
Industrial Production Mom (%) 0.00 0.4 0.2 0.2 0.2 0.4

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) -33.60 -25 -27 -26 -26 -23
Retail Sales MoM (%) 3.00 0.7 0.3 0.5 0.5 0.5
Retail Sales YoY (%) -0.50 16.5 17.3 6 6 6
Consumer Credit (Million BGL) 25770.27 23849 26499 24367 26564 27679
Gasoline Prices (USD/Liter) 1.24 1.1 1.05 1.04 0.95 0.9
Consumer Spending (BGN Million) 20706.76 16398 18328 20950 20346 21201

Housing Actual Q2 Q3 Q4 Q1 2022
Construction Output (%) -4.20 2.3 2.8 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.