Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Total population7.08 million7.13 million7.18 million
    WDI
    		A.1.1
    Total number of households2.91 million2.74 million2.94 million
    EuroStat
    		A.1.2
    Average household size2.442.602.44
    EuroStat, WDI
    		A.1.3
    Urban population (% of total)74.67% of total74.33% of total73.99% of total
    WDI
    		A.1.4
    Urban population growth (annual %)-.27%-.24%-.18%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    GDP, current prices (U.S. dollars)56,943 USD (millions)53,236 USD (millions)50,199 USD (millions)
    WDO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)153,462 USD (millions)145,420 USD (millions)137,972 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)8,077.01 USD 7,496.08 USD 7,017.11 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)21,767.6 USD 20,476.35 USD 19,345.5 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)3.56%3.94%3.62%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)1.8%-.5%-.9%
    WEO
    		A.2.6
    GDP, deflator (Index)113.51112.19109.72
    WEO
    		A.2.7
    Consumer price index107.94105.76106.61
    WDI
    		A.2.8
    GINI Index  37.40
    WDI
    		A.2.9
    Median national annual household income7,761.06 USD 7,163.86 USD 6,998.98 USD
    National Statistical Institute
    		A.2.10
    Median urban annual household income9,828.53 USD/year9,708.48 USD/year9,952.96 USD/year
    National Statistical Institute
    		A.2.11
    Urban minimum wages per month in USD  204.15 USD
    EuroStat
    		A.2.12
    Growth in urban household income (%/year)A.2.13
    Nominal1.24%-2.46%Not available
    National Statistical Institute
    		A.2.13.1
    Real-.56%-1.95%Not available
    National Statistical Institute
    		A.2.13.2
    Employment (% of total laborforce)A.2.14
    Self-employed28.03%27.18%27.43%
    National Statistical Institute
    		A.2.14.1
    Unemployed6.16%7.57%9.14%
    National Statistical Institute
    		A.2.14.3
    Interest Rates:A.2.15
    Central bank lending/discount rate  Not available
    IFS
    		A.2.15.1
    Yield on 3 months treasury bills  .37%
    IFS
    		A.2.15.2
    Yield on 10-year Government bond1.6%2.27%2.49%
    IFS
    		A.2.15.3
    Average bank deposit rate.05%.17%.61%
    IFS
    		A.2.15.4
    Lending rate5.44%6.41%7.46%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Number of dwelling units:B.1.1
    Total3.95 million3.94 million3.94 million
    European Mortgage Federation
    		B.1.1.1
    Total Urban  2.56 million
    Decennial Census
    		B.1.1.2
    Percentage of vacant units  14.4% of total
    Decennial Census
    		B.1.2
    Characteristics of housing stock:B.1.3
    Average dwelling unit size-existing73.26 sq.mt73.27 sq.mt73.17 sq.mt
    National Statistical Institute
    		B.1.3.1
    Tenure in urban areas (%):B.1.4
    Owner-occupied units84.3% of total82.3% of total82.3% of total
    EuroStat
    		B.1.4.1
    % of owner units with a mortgage2.4% of total2.6% of total2.8% of total
    EuroStat
    		B.1.4.2
    Private rental units2.7% of total2.9% of total3.1% of total
    EuroStat
    		B.1.4.3
    Public / social rental units13.1% of total14.8% of total14.6% of total
    EuroStat
    		B.1.4.4
    Estimated Number of units completed/yearB.1.5
    Formal sector/registered16,946 units15,672 units15,471 units
    Hypostat 2018
    		B.1.5.1
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    Yearly Rate8.7%7%2.8%
    National Statistical Institute
    		B.2.3.1
    M2 construction cost for median quality houseB.2.4
    National309.89 USD/sq.mt  
    Invest Bulgaria
    		B.2.4.1

    back to top | Country Data:
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes:
    Notes:
    Notes:
    Notes:
    Notes: "Mortgage Bond Law" passed in parliament in 2000. (IME 2000, page 2)
    Notes: 0 percent of all loans were in Euro
    Notes: 0 percent of all loans were in Euro
    Notes: 0 percent of all loans were in Euro
    Notes: 0 percent of all loans were in Euro
    Notes: 0 percent of all loans were in Euro
    Notes: -1.17
    Notes: -10.30
    Notes: -14.07
    Notes: -14.75
    Notes: 19.17 percent of all loans were in Euro
    Notes: 22.68 percent of all loans were in Euro. Bulgaria joined NATO in 2003
    Notes: 25.35 percent of all loans were in Euro
    Notes: 32.37 percent of all loans were in Euro
    Notes: 33.96 percent of all loans were in Euro
    Notes: 34.20 percent of all loans were in Euro
    Notes: 36.71 percent of all loans were in Euro
    Notes: 42.98 percent of all loans were in Euro
    Notes: 45.14 percent of all loans were in Euro
    Notes: 47.15 percent of all loans were in Euro
    Notes: 49.76 percent of all loans were in Euro
    Notes: 49.91 percent of all loans were in Euro
    Notes: 54.44 percent of all loans were in Euro
    Notes: 56.35 percent of all loans were in Euro
    Notes: 57.24 percent of all loans were in Euro
    Notes: 75% for properties over EUR 100,000 and usually around 60 to 65% for brand new properties.
    Notes: a tax rate of 0.1 - 0.45% is levied on the value of the property, depending on rates set by the municipalities
    Notes: A tax rate of 0.1-0.45% is levied on the value of the property
    Notes: A tax rate of 0.1-0.45% is levied on the value of the property
    Notes: Actual lending rate is 102.52%. (Value too large to be entered in cell)
    Notes: Actual lending rate is 213.02%. (Value too large to be entered in cell)
    Notes: Actual lending rate is 291.06%. (Value too large to be entered in cell)
    Notes: Average of QoQ growth in HPI Index published by National Statistics Institute.
    Notes: Average of QoQ growth in HPI Index published by National Statistics Institute.
    Notes: Average of QoQ growth in HPI Index published by National Statistics Institute.
    Notes: Average of QoQ growth in HPI Index published by National Statistics Institute.
    Notes: Bulbank is the largest mortgage lender in Bulgaria
    Notes: Bulbank: 85% maximum DSK Bank: 80% maximum
    Notes: Capital gains tax is levied at 10%. This tax may be exempt if: 1) owner sells one property that was held for more than three years; 2) owner sells two properties that were held for more than five years
    Notes: Capital gains tax is levied at 10%. This tax may be exempt if: 1) owner sells one property that was held for more than three years; 2) owner sells two properties that were held for more than five years
    Notes: Capital gains tax of 10% This tax may be exempt if: 1) owner sells a property that was held for more than three years 2) owner sells two properties that were held for more than five years
    Notes: Estimate from a World Bank report -- few banks offer products for people with incomes lower than BGN 1000 -- which is roughly 2nd decile
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage
    Notes: Figure is the national percentage, Tenant rented at reduced price or free
    Notes: Figure is the national percentage, Tenant rented at reduced price or free
    Notes: Figure is the national percentage, Tenant rented at reduced price or free
    Notes: Figure is the national percentage, Tenant rented at reduced price or free
    Notes: Figure is the national percentage, Tenant rented at reduced price or free
    Notes: Figure is the national percentage, Tenant rented at reduced price or free
    Notes: Figure is the national percentage, Tenant rented at reduced price or free
    Notes: Figure is the national percentage, Tenant rented at reduced price or free
    Notes: Figure is the national percentage, Tenant rented at reduced price or free
    Notes: Figure is the national percentage.
    Notes: Figure is the national percentage.
    Notes: Figure is the national percentage.
    Notes: Figure is the national percentage.
    Notes: Figure is the national percentage.
    Notes: Funding of mortgage loans is based largely on deposits. Although mortgage bonds are being issued, they are not used as primary funding source by banks.
    Notes: Inflation rate was actually 4027.83% (however this exceeds the value bounds possible for data entry)
    Notes: Inflation rate was actually 549.21% (however, this exceeds value bounds possible for data entry)
    Notes: It is estimated that seven major banks at national level have disbursed around 85% of all mortgage loans. Market share by AUM is as follows: Unicredit (20.22%), DSK (12.64%), First Investment (9.61%), sourced from thebanks.eu
    Notes: Loan application fee - 0.1% of the amount of the loan
    Notes: Table: tps00155. National monthly minimum wages
    Notes: Table: tps00155. National monthly minimum wages
    Notes: Table: tps00155. National monthly minimum wages
    Notes: Table: tps00155. National monthly minimum wages
    Notes: Table: tps00155. National monthly minimum wages
    Notes: Table: tps00155. National monthly minimum wages
    Notes: Table: tps00155. National monthly minimum wages
    Notes: Table: tps00155. National monthly minimum wages
    Notes: Table: tps00155. National monthly minimum wages
    Notes: Table: tps00155. National monthly minimum wages
    Notes: Table: tps00155. National monthly minimum wages
    Notes: Table: tps00155. National monthly minimum wages
    Notes: The denominator (Total Credits Outstanding) comes from the BNB's total liabilities series.
    Notes: The interest rate was actually 180.0% (however, this exceeds value bounds possible for data entry)
    Notes: The main form of public support to households is social housing
    Notes: The rate was actually 114.31% (however, this exceeds value bounds possible for data entry)
    Notes: the RMBS market is extremely small
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: Total Income (Post Tax, Post Transfers), Average household income for Sofia (capital city)
    Notes: transfer tax is levied at rates ranging from 0.1% to 3%, depending on the municipality
    Notes: Transfer tax is levied at rates ranging from 0.1-3%, depending on the municipality
    Notes: Transfer tax is levied at rates ranging from 0.1-3%, depending on the municipality