International Reserves in Bulgaria

Bulgaria International Reserves | Economic News & Forecasts

Bulgaria - International Reserves

The economy likely lost pace in the third quarter, after strong external metrics fueled growth in the second quarter. In the first two months of the quarter, industrial production contracted and external demand was quite subdued. Moreover, the fiscal surplus fell by over 50% between January and September compared to last year, although this was consistent with the government’s budget plans. However, a low unemployment rate and healthy retail sales in July-August hint at solid consumer spending, while business confidence was higher in Q3. In the political arena, in early October the government announced its intention to raise public wages by 10% at the beginning of 2020, which could support consumer spending. A few weeks later, the cabinet approved additional spending to fund activities related to the country’s accession to the OECD, one of Bulgaria’s foreign policy priorities.

Bulgaria - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (EUR)14.4  16.6  20.3  23.9  23.7  

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Bulgaria International Reserves Chart

Bulgaria International Reserves
Note: International reserves in months of imports.
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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