Bulgaria's current account deficit reaching its highest level since 2009 signals macroeconomic stress.
Context
What happened: Bulgaria's current account deficit reached 8.1% of GDP over the 12 months to July, the highest level since 2009, the Bulgarian National Bank reported.
Key numbers: Deficit 8.1% of GDP. Real GDP grew 2.9% year over year in H1 2026. BNB forecasts 2.8% growth for 2026 and 2.5% in 2027.
Why it matters: The BNB links the wider deficit to a deteriorating goods trade balance, structural problems and declining competitiveness, and it warned of accelerating inflation. It prepared three scenarios on supply disruptions and energy price shocks tied to the Middle East conflict.