Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.61 1.67 1.68 1.68 1.68 1.68
Stock Market (points) 522.39 512 504 497 489 474
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 3.5 2.3 0.5 0.4
GDP Annual Growth Rate (%) -3.80 7.9 6.5 7.2 7.5 1.2
Unemployment Rate (%) 6.50 8.8 8.3 8 7.5 7
Inflation Rate (%) 0.60 2.3 2 2.6 2.4 2.1
Inflation Rate Mom (%) 0.10 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) -963.50 -1300 -650 -1200 -1200 -1200
Current Account (EUR Million) 351.00 450 350 -180 -180 -180
Current Account to GDP (%) 4.00 1.5 1.5 1.5 1.3 1.3
Government Debt to GDP (%) 23.50 24.2 25 25.5 25.9 26.7
Government Budget (% of GDP) -3.40 -3.8 -3.8 -3.8 -2.1 -2.1
Business Confidence (points) 18.40 21 22 23 23 23
Consumer Confidence (points) -30.90 -18 -27 -26 -26 -23
Retail Sales MoM (%) 0.80 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 3.5 2.3 0.5 0.4
GDP Annual Growth Rate (%) -3.80 7.9 6.5 7.2 7.5 1.2
GDP (USD Billion) 67.93 77.65 77.65 77.65 84.32 84.32
GDP Constant Prices (BGN Million) 27125.09 24728 28411 29078 29159 29427
Gross Fixed Capital Formation (BGN Million) 6150.26 5223 5101 6593 6612 6672
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) 913.30 933 1895 979 982 991
GDP From Construction (BGN Million) 1063.99 1323 1691 1141 1144 1154
GDP From Manufacturing (BGN Million) 5816.36 5987 6296 6235 6253 6310
GDP From Public Administration (BGN Million) 5407.73 4331 4432 5797 5813 5867
GDP From Services (BGN Million) 5681.54 4655 5333 6091 6108 6164

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 6.50 8.8 8.3 8 7.5 7
Wages (BGN/Month) 1500.00 1400 1400 1500 1500 1500
Minimum Wages (EUR/Month) 332.34 332 332 332 345 345
Population (Million) 6.95 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 (%) 0.60 2.3 2 2.6 2.4 2.1
Inflation Rate Mom (%) 0.10 0.5 0.1 0.6 0.6 0.5
Consumer Price Index CPI (points) 7233.87 7255 7224 7359 7407 7514
Core Consumer Prices (points) 104.01 105 105 107 107 107
Core Inflation Rate (%) 1.40 1.8 2.4 2.7 2.7 3
Producer Prices (points) 114.30 106 109 123 115 114
CPI Housing Utilities (points) 16080.19 15984 16290 16461 16466 16807
CPI Transportation (points) 7595.86 7076 7227 7323 7778 7476
Food Inflation (%) 0.00 0.4 1.4 2.8 3 5
Producer Prices Change (%) 6.80 1.8 2 2.2 2.2 2

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 0.02 0.27 0.27

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (BGN Million) -963.50 -1300 -650 -1200 -1200 -1200
Current Account (EUR Million) 351.00 450 350 -180 -180 -180
Current Account to GDP (%) 4.00 1.5 1.5 1.5 1.3 1.3
Exports (BGN Million) 5720.60 4300 4650 4000 4000 4300
Imports (BGN Million) 6684.10 4900 4700 4950 4950 5250
Tourist Arrivals (Persons) 287900.00 420000 712000 490000 490000 550000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 23.50 24.2 25 25.5 25.9 26.7
Government Budget (% of GDP) -3.40 -3.8 -3.8 -3.8 -2.1 -2.1
Government Budget Value (BGN Million) -718.07 300 300 300 300 300
Government Spending to GDP (%) 36.30 41 41 41 41 38.5
Government Spending (BGN Million) 2808.72 2274 2196 3011 3019 3047

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) 18.40 21 22 23 23 23
Industrial Production (%) 6.40 7.5 5.5 5.3 5.3 5.3
Industrial Production Mom (%) 3.80 0.4 0.2 0.2 0.2 0.4

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) -30.90 -18 -27 -26 -26 -23
Retail Sales MoM (%) 0.80 0.7 0.3 0.5 0.5 0.5
Retail Sales YoY (%) 17.30 16.5 17.3 6 6 6
Consumer Credit (Million BGL) 26085.14 26499 26774 27328 28042 27656
Consumer Spending (BGN Million) 20706.76 18328 20795 22198 22260 22464
Gasoline Prices (USD/Liter) 1.30 1.1 1.05 1.04 0.95 0.9

Housing Actual Q2 Q3 Q4 Q1 2022
Construction Output (%) 11.20 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.