In its winter economic forecast, the European Commission gives a better economic outlook for Bulgaria than it did in its autumn report.
Overall, real GDP is estimated to have increased by 3.9% in 2022, instead of the expected 3.1%. In 2023, real GDP is expected to increase by 1.4% and in 2024 - by 2.5%. Previous estimates were for a 1.1% increase in 2023, and 2.4% in 2024.
In the context of a tight labour market, wages are expected to continue to grow strongly and to sustain household consumption, the report reads. Export growth is forecast to slow down considerably in 2023 given that the factors for further gains in export market share were largely exhausted in 2022 (…) Overall, HICP inflation is set to decline from 13% in 2022 to 7.8% in 2023 on account of lower energy prices, the report reads further.
The Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for 2026, it transpired from the Bank's regular quarterly Macroeconomic Forecast. In its March..
Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or..
A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..
The Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for..
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