Unemployment in Bulgaria

Bulgaria Unemployment | Economic News & Forecasts

Bulgaria - Unemployment

Available 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

2015   2016   2017   2018   2019  
Unemployment Rate8.0  6.7  5.7  4.7  -     

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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

Value Change Date
Bond Yield0.400.0 %Dec 31

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