Current Account in Bulgaria

Bulgaria Current Account | Economic News & Forecasts

Bulgaria - Current Account

Growth ebbed marginally in the third quarter but remained robust, according to updated GDP data. Total consumption cooled on slower household consumption growth, in turn likely linked to softer wage gains. Meanwhile, fixed investment accelerated while exports rebounded. Turning to the fourth quarter, a continuation of the slowdown looks likely, with easing retail sales growth in October–November hinting at softer private consumption. More positively, in the same period industrial production gained momentum following a string of weak readings, while unemployment continued to creep lower in November. Meanwhile, S&P raised its credit rating for Bulgaria to BBB from BBB- at the end of November, citing resilient growth, the strong fiscal position and progress towards adoption of the euro, while also maintaining its positive outlook.

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 Yield0.400.0 %Dec 31

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