Unemployment in Bulgaria

Bulgaria Unemployment | Economic News & Forecasts

Bulgaria - Unemployment

The economy likely lost some momentum in the second quarter, after the external sector more than offset a cooling domestic economy to propel an acceleration in Q1. The slowdown in domestic demand seemingly intensified: Industrial production performed poorly in April-May, which, coupled with less upbeat business confidence and softer credit growth in Q2, points to a moderation in private sector activity. As for households, despite the unemployment rate dropping consecutively in the first two months of the quarter, meager retail sales and downbeat consumer sentiment indicate subdued household spending. On the flip side, the external sector showed further signs of vitality, with merchandise exports growing notably in April-May. Meanwhile, on the fiscal front, the parliament approved funding for the purchase of eight U.S. F-16 fighter aircrafts in mid-July, and increased the expected fiscal-deficit-to-GDP ratio to 2.1% for 2019.

Bulgaria - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate13.3  10.4  8.0  6.7  5.7  

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Bulgaria Unemployment Chart


Bulgaria Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Insitute (NSI) and FocusEconomics calculations

Bulgaria Facts

ValueChangeDate
Bond Yield0.450.0 %Jul 31
Exchange Rate1.75-0.72 %Jul 31
Stock Market581-0.35 %Jul 31

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