Current Account in Bulgaria
Bulgaria - Current Account (billions of Euros)Annual growth in Q1 2022 decelerated compared to Q4 2021, according to a flash estimate. The moderation was driven by softer growth of private consumption—amid staggeringly high energy and food prices—and was weighed down further by weaker export growth. In Q2, growth is likely slowing further to pre-pandemic levels. Inflation was at a near 14-year high in April and energy insecurity is deepening. As a result, businesses and consumers grew increasingly pessimistic in April–May, with consumer confidence reaching the lowest level since December 2020 in May. That said, on 18 May the government approved a LV 2.0 billion (around EUR 1.0 billion) anti-crisis package to support households. The new measures include a 20.0% boost to pensions, fuel discounts and tax cuts for bread and utilities, among others, which will provide some relief to activity once they enter into force in July.
Bulgaria - Current Account (EUR bn) Data
|Current Account Balance (EUR bn)||0.1||1.6||1.8||0.8||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria Current Account (EUR bn) Chart
Source: Bulgarian National Bank and FocusEconomics calculations.
|Bond Yield||0.40||0.0 %||Dec 31|
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November 15, 2022
Inflation dropped to 17.6% in October below September’s 18.7%.
November 10, 2022
Industrial output expanded 11.0% compared to the same month a year earlier in September, which followed August's 18.4% increase.
October 18, 2022
Inflation came in at 18.7% in September, up from August’s 17.7%.
October 10, 2022
Industrial output grew 18.4% year on year in August (July: +16.1% yoy).
September 15, 2022
Inflation came in at 17.7% in August, which was up from July’s 17.3%.