The gross financial assets of Bulgarian households in 2022 reached 123 billion euros. The sum per capita is 14,510 euros. According to the Allianz Global Wealth Report, Bulgaria ranks 35th in the world according to this indicator. The country climbed one place compared to the previous year. In 2002, when the research was done for the first time, Bulgaria held 43rd place.
The survey takes into consideration money on deposit, securities and participation in pension and insurance funds. In Bulgaria, bank deposits reach 100 billion euros. Their annual growth is 10%. Money in pension and insurance funds shrank by 3%, while the decline in shares and securities was 0.1%. The report also tracks household debts. While in 2021 they rose by 10.8%, in 2022 the growth is already 11.1%.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
Mostly Cloudy
Partly Cloudy