Trade Balance in Bulgaria

Bulgaria Trade Balance | Economic News & Forecasts

Bulgaria - Trade Balance

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 - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-2.9  -1.1  -0.9  -2.2  -1.9  

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Bulgaria Trade Balance Chart

Bulgaria Trade
Note: Trade balance in (USD bn).
Source: Bulgarian National Bank and FocusEconomics calculations.

Bulgaria Facts

Value Change Date
Bond Yield0.400.0 %Dec 31

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