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Discover the Leading Health Trends and Inflation Rates in Bulgaria for 2024

Petya Ivanova

2 Min Read

In 2023, Bulgaria’s gross annual general inflation rate was 3.3%, while the net rate was 13.5%

As we navigate through 2024, the Bulgarian market is witnessing significant shifts, particularly in the insurance and healthcare sectors. Below is a summary of the key trends:

Insurance Sector:

  • The General insurance sector has seen a substantial increase in premium income, reaching 1.8 billion euros, which marks a growth of 24.5% compared to 2022.
  • The overall insurance market in Bulgaria rose by over 23% in 2023, with the cost of life insurance increasing by 2.6%.
  • Premium income is projected to reach 2.3 billion euros.

Healthcare Sector:

  • High global medical inflation continues to significantly outpace general inflation, posing a major challenge for businesses facing double-digit increases in healthcare costs for their employees.
  • Prices for primary examinations alone have jumped by 119%.

Inflation Rates:

  • In 2023, Bulgaria’s gross annual general inflation rate was 3.3%, while the net rate was 13.5%
  • For 2024, these rates are projected to be 10.2% and 2.2%, respectively.
  • The annual medical trend rates for 2023 were 22.0% gross and 19.8% net.

Here is a table summarising the inflation rates:

These trends highlight the dynamic nature of the Bulgarian market and underscore the importance of staying informed and adaptable in the face of changing economic conditions.

For more information or to discuss how these trends might impact businesses, please get in touch with us. We are here to help you navigate these changes and find the best solutions for your needs.

Petya Ivanova

Risk Consultants and Insurance Broker
GrECo Bulgaria

T +359 889 526 815     

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