Unemployment in Bulgaria
Bulgaria - UnemploymentAvailable figures for Q3 paint a bleak picture, following the record decline in activity in Q2. Although the contraction in industrial output eased further in August, marking the best result in six months, foreign tourist arrivals fell by over two thirds year-on-year in August–September, which likely weighed heavily on the key tourism sector. Turning to Q4, consumer sentiment soured in October, likely owing to increasing concerns over surging numbers of new Covid-19 cases. In a bid to halt the spread of the virus, the authorities closed high schools, universities and night clubs on 29 October for at least two weeks, boding ill for activity in the final months of the year. In other news, on 28 October, the government approved the 2021 draft budget, directing EUR 1.5 billion towards pandemic relief measures, while foreseeing a budget deficit of 4.4.% of GDP in 2020 and 3.9% of GDP in 2021.
Bulgaria - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria Unemployment Chart
Source: National Statistical Insitute (NSI) and FocusEconomics calculations
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June 10, 2021
Industrial output rose 22.8% in year-on-year terms in April, which followed March's 7.2% increase.
June 8, 2021
A second reading confirmed that GDP slid at a milder rate of 1.8% in the first quarter, following the 3.8% contraction logged in the fourth quarter of last year.
May 18, 2021
According to a flash estimate, GDP slid 1.8% year-on-year in the first quarter, softening from the 3.8% contraction seen in the fourth quarter of last year.
May 17, 2021
Consumer prices increased 0.70% in April over the previous month, accelerating from March's 0.06% rise.
May 10, 2021
Industrial output grew 6.4% in year-on-year terms in March, rebounding from February's 3.4% decrease.