Trade Balance in Bulgaria

Bulgaria Trade Balance | Economic News & Forecasts

Bulgaria - Trade Balance

Economic activity cooled in the third quarter, according to a second national accounts estimate, with growth slowing in annual terms after Q2’s strong rebound. While partly attributable to a less favorable base effect, moderating consumption growth and a sharper contraction in capital spending drove the slowdown in the domestic economy, while the increase in exports more than halved from Q2’s level. Turning to Q4, a surge in Covid-19 infections through November prompted a tightening of related restrictions, likely weighing on activity. In politics, November’s elections—the third to have taken place in 2021—finally resulted in a new government, with the country’s parliament approving a four-party coalition headed by the Continuing the Change (PP) party. As such, Kiril Petkov of the PP was elected as the new prime minister, having campaigned on a zero-tolerance platform against corruption.

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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