HOFINET | Housing Finance Information Network

Macro-economic Data

PDF featuring variable definitions

A. Demography and Macroeconomy

A.1 Population

Variable	End of 2017	End of 2016	End of 2015	Sources	Var ID
Total population	7.08 million	7.13 million	7.18 million	WDI	A.1.1
Total number of households	2.91 million	2.74 million	2.94 million	EuroStat	A.1.2
Average household size	2.44	2.60	2.44	EuroStat, WDI	A.1.3
Urban population (% of total)	74.67% of total	74.33% of total	73.99% of total	WDI	A.1.4
Urban population growth (annual %)	-.27%	-.24%	-.18%	WDI	A.1.5

A.2 Economy

Variable	End of 2017	End of 2016	End of 2015	Sources	Var 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)	113.51	112.19	109.72	WEO	A.2.7
Consumer price index	107.94	105.76	106.61	WDI	A.2.8
GINI Index			37.40	WDI	A.2.9
Median national annual household income	7,761.06 USD	7,163.86 USD	6,998.98 USD	National Statistical Institute	A.2.10
Median urban annual household income	9,828.53 USD/year	9,708.48 USD/year	9,952.96 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
Nominal	1.24%	-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-employed	28.03%	27.18%	27.43%	National Statistical Institute	A.2.14.1
Unemployed	6.16%	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 bond	1.6%	2.27%	2.49%	IFS	A.2.15.3
Average bank deposit rate	.05%	.17%	.61%	IFS	A.2.15.4
Lending rate	5.44%	6.41%	7.46%	IFS	A.2.15.5

B. Housing Market

B.1 Housing Stock: Production, Transactions

Variable	End of 2017	End of 2016	End of 2015	Sources	Var ID
Number of dwelling units:					B.1.1
Total	3.95 million	3.94 million	3.94 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-existing	73.26 sq.mt	73.27 sq.mt	73.17 sq.mt	National Statistical Institute	B.1.3.1
Tenure in urban areas (%):					B.1.4
Owner-occupied units	84.3% of total	82.3% of total	82.3% of total	EuroStat	B.1.4.1
% of owner units with a mortgage	2.4% of total	2.6% of total	2.8% of total	EuroStat	B.1.4.2
Private rental units	2.7% of total	2.9% of total	3.1% of total	EuroStat	B.1.4.3
Public / social rental units	13.1% of total	14.8% of total	14.6% of total	EuroStat	B.1.4.4
Estimated Number of units completed/year					B.1.5
Formal sector/registered	16,946 units	15,672 units	15,471 units	Hypostat 2018	B.1.5.1

B.2 Housing Prices and Cost for Urban Areas or Capital City

Variable	End of 2017	End of 2016	End of 2015	Sources	Var 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 Rate	8.7%	7%	2.8%	National Statistical Institute	B.2.3.1
M2 construction cost for median quality house					B.2.4
National	309.89 USD/sq.mt			Invest Bulgaria	B.2.4.1