Current Account in Bulgaria

Bulgaria Current Account | Economic News & Forecasts

Bulgaria - Current Account

Available fourth-quarter metrics have been upbeat on the heels of a disappointing third-quarter outturn, which was held back by a fall in exports. Retail sales and industrial output each notched improvement in October and, despite deteriorating economic sentiment into November, hint that domestic demand remained in the driver’s seat through year-end. Furthermore, labor-market dynamics remain tight and inflation finally appears to be moderating, which should continue underpinning growth within the domestic economy in the year ahead. All this follows an underwhelming third quarter during which fixed investment stood out for its decent absorption of EU-linked structural funding and the external sector was hit by neighboring Turkey’s economic crisis. In early January, the Ministry of Finance projected a modest fiscal surplus for 2018 that landed roughly in line with Consensus; analysts, however, are less rosy on 2019 and have penciled in a deficit in light of upcoming European and local elections.

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 Yield0.860.0 %Jan 16
Exchange Rate1.72-0.72 %Jan 16
Stock Market563-0.35 %Jan 16

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