Current Account in Bulgaria

Bulgaria Current Account | Economic News & Forecasts

Bulgaria - Current Account

Growth slowed in Q2 as slowing total consumption growth undermined domestic demand. Lackluster retail sales suggest consumer spending took a hit, despite solid wage growth and a falling unemployment rate, owing to downbeat consumer confidence and a marked slowdown in credit extension. Moreover, fixed investment lost steam, due to pessimism among businesses amid the wider European pullback, which was also behind softening export growth and weak industrial production in the quarter. Turning to Q3, consumer confidence improved somewhat and business sentiment turned positive in July, boding well for household spending and investment. However, they both fell back in August, while the unemployment rate inched up in July. On 30 August, Moody’s upgraded the country’s outlook from stable to positive, citing strengthening fiscal metrics and improved growth prospects thanks to ongoing EU integration as main reasons.

Bulgaria - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.3  1.3  0.0  2.6  3.1  

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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

Bond Yield0.430.0 %Sep 04
Exchange Rate1.78-0.72 %Sep 04
Stock Market573-0.35 %Sep 04

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