In 2023, the Bulgarian economy marks decline in the ranking of competitive countries in the world, according to the 35th edition of the IMD World Competitiveness Yearbook. In 2023, Bulgaria holds 57th place out of a total of 64 countries, which is a decline by four places in comparison to 2022. The country's ranking declined by 9 positions after 2020 and by 19 positions in comparison to 2009, when the country’s best performance was reported.
According to the criterion of economic efficiency, Bulgaria is in 48th position, rising by 1 place compared to 2022, but remaining 14 positions below the level of 2020. According to the criterion of government policies in 2023, the country is in 55th place, or 6 positions lower in comparison to 2022. Business environment also shows a deterioration and in 2023 it is placed in 62nd place.
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...
According to the European Commission's spring economic forecast for this year, inflation in Bulgaria is expected to reach 3.1 % in 2024 and 2.6 % in 2025 . The anticipated downtrend in external prices is expected to limit inflation in both energy and..
In March 2024, 1,518 people in Bulgaria had deposits of more than BGN 1 million, while in March 2023, 1,277 Bulgarians had such deposits, according to the latest BNB data. Deposits between BGN 200 thousand and BGN 500 thousand grew the most..
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