Unemployment in Bulgaria

Bulgaria Unemployment | Economic News & Forecasts

Bulgaria - Unemployment

Available fourth-quarter metrics have been upbeat on the heels of a disappointing third-quarter outturn, which was held back by a fall in exports. Retail sales and industrial output each notched improvement in October and, despite deteriorating economic sentiment into November, hint that domestic demand remained in the driver’s seat through year-end. Furthermore, labor-market dynamics remain tight and inflation finally appears to be moderating, which should continue underpinning growth within the domestic economy in the year ahead. All this follows an underwhelming third quarter during which fixed investment stood out for its decent absorption of EU-linked structural funding and the external sector was hit by neighboring Turkey’s economic crisis. In early January, the Ministry of Finance projected a modest fiscal surplus for 2018 that landed roughly in line with Consensus; analysts, however, are less rosy on 2019 and have penciled in a deficit in light of upcoming European and local elections.

Bulgaria - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate11.8  10.7  10.0  8.0  7.1  

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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

Bond Yield0.860.0 %Jan 14
Exchange Rate1.71-0.72 %Jan 14
Stock Market568-0.35 %Jan 14

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Economic News

  • Bulgaria:

    January 15, 2019

    Consumer prices remained unchanged from the previous month in December, following a 0.1% month-on-month dip in November.

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  • Bulgaria: Industrial output growth remains stable in November

    January 10, 2019

    Industrial output rose 1.2% in working day-adjusted annual terms in November, matching the revised 1.2% year-on-year expansion logged in October (previously reported: +1.6% year-on-year).

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  • Bulgaria:

    December 12, 2018

    Consumer prices fell 0.1% from a month earlier in November, following a 0.7% month-on-month rise in October.

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  • Bulgaria: Industrial output rebounds in October

    December 10, 2018

    Industrial output rose 1.6% in working day-adjusted terms and on an annual basis in October, contrasting the revised 0.4% year-on-year contraction logged in September (previously reported: -0.8% year-on-year).

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  • Bulgaria: Economy loses steam in Q3 as exports plummet

    December 7, 2018

    According to a more comprehensive estimate released by the Statistical Institute, the economy grew 3.1% in seasonally-adjusted terms and on an annual basis in the third quarter, a notch above the preliminary estimate but below the second quarter’s reading (Q2: +3.4 year-on-year s.a.).

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