Current Account in Bulgaria

Bulgaria Current Account (EUR bn) | Economic News & Forecasts

Bulgaria - Current Account (billions of Euros)

Annual growth in Q1 2022 likely slowed from Q4’s rebound: Inflation spikes through January–March probably dampened private spending and fixed investment. Looking at monthly data, though industrial production and retail sales fared well year-on-year through January–February, in sequential terms both indictors lost steam over the same period. In Q2, high inflation and weak economic sentiment will be dragging on growth, despite a robust labor market and the removal of all pandemic-related restrictions on 1 April. Moreover, on 27 April, Russia halted gas deliveries to Bulgaria. While Bulgarian authorities had already decided to stop importing Russian gas by end-2022, in the short-term Russia’s politically charged move will not only drive inflation up and weaken output in gas-reliant industries, but will also threaten the already-fragile governing coalition.

Bulgaria - Current Account (EUR bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (EUR bn)0.1  1.6  1.8  0.8  2.5  

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Bulgaria Current Account (EUR bn) Chart

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

Bulgaria Facts

Value Change Date
Bond Yield0.400.0 %Dec 31

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