FX.co ★ Bulgaria Current Account Deficit Widens Sharply

In January 2025, Bulgaria saw its current account deficit rise significantly to €467.1 million, up from €181 million in January 2024. This increase was largely driven by a substantial rise in the goods deficit, which expanded to €865.1 million from the previous year's €449.7 million. Additionally, the secondary income segment moved from a surplus of €95 million to a deficit of €13.1 million. The surplus in services experienced a reduction, decreasing to €450.7 million from €495.9 million. Conversely, the primary income gap decreased, narrowing to €39.7 million from €322.1 million.