Text size

Government debt for 2023 was €2bn higher than in 2022

This is 11.6 per cent of GDP, the BNB said

published on 2/28/24 1:10 PM

Aerial view of the BNB building.

Photo: BGNES

Bulgaria's public external debt at the end of 2023 was €10.888 billion, an increase of 22.7 per cent, or more than €2 billion, compared with the end of 2022. This is 11.6 per cent of GDP, the Bulgarian National Bank said. In December 2023, Bulgaria's gross external debt (private and public) will be more than 45 billion euro, or 47.9 per cent of GDP. This is an increase of 820 million euro, or 1.9 per cent, compared to the previous year.

In February 2024, the economic situation in the country remains close to the level of the previous month. According to the latest survey by the National Statistical Institute, the business climate improved in industry, remained unchanged in construction and retail trade and declined slightly in services. The overall business climate indicator stood at 22.6% in February, compared with 22.8% at the beginning of the year.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy 2023 BNB business climat external debt NSI

More from category

Tour operators and travel agents expect summer season hikes of 10% or less

The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic situation in many of its source markets. It is not yet clear what effect Bulgaria's accession to the..

published on 5/21/25 1:33 PM

How will the adoption of the euro affect real estate prices in Bulgaria?

The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to being a cause for political quarrels, the euro is also a cause for concern among some Bulgarian..

published on 5/21/25 11:35 AM

The wealth of Bulgarians reaches a historic high - study says

At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product. According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia..

published on 5/20/25 2:16 PM

WEATHER

Pick city: Sofía

sunshine, cloud, rain and thunder
Min: 12 | Max: 24

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Tour operators and travel agents expect summer season hikes of 10% or less

The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic..

published on 5/21/25 1:33 PM

How will the adoption of the euro affect real estate prices in Bulgaria?

The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to..

published on 5/21/25 11:35 AM

Share

Government debt for 2023 was €2bn higher than in 2022

This is 11.6 per cent of GDP, the BNB said

More from category

Tour operators and travel agents expect summer season hikes of 10% or less

How will the adoption of the euro affect real estate prices in Bulgaria?

The wealth of Bulgarians reaches a historic high - study says

Tour operators and travel agents expect summer season hikes of 10% or less

How will the adoption of the euro affect real estate prices in Bulgaria?