Current Account in Bulgaria

Bulgaria Current Account | Economic News & Forecasts

Bulgaria - Current Account

Available data paints a mixed picture for the economy in the first quarter of the year, following relatively modest growth in the final stretch of 2018. On the one hand, industrial production logged the strongest expansion in nearly two years in February, largely owing to a strong pick-up in manufacturing output. This will likely bring Q1’s average growth well above that of Q4 2018, which points to upbeat supply-side activity. Moreover, on the external front, merchandise exports soared in February, leading to a significant rise in the January–February current account surplus from a year ago and hinting at an improved contribution to growth from net trade in Q1. On the other hand, after moderate growth in January, retail sales dipped in February—marking the first decline since March 2013. This, combined with higher unemployment and inflation, and lower consumer confidence, on average, in Q1 compared to Q4 2018 suggest that household consumption lost some stride in the quarter.

Bulgaria - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.3  0.1  0.0  2.3  4.5  

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Bulgaria Current Account Chart


Bulgaria Current Account
Note: Current account balance as % of GDP.
Source: Bulgarian National Bank and FocusEconomics calculations.

Bulgaria Facts

ValueChangeDate
Bond Yield0.620.0 %May 13
Exchange Rate1.74-0.72 %May 13
Stock Market567-0.35 %May 13

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