Bulgaria GDP Expands in Q2

The Bulgarian economy expanded by 2% year-on-year in the second quarter of 2024, following a 1.7% rise in the previous three-month period, a preliminary estimate showed.

It marked the fastest pace of economic growth since the second quarter of 2023, as final consumption rose by 2.8%, and gross fixed capital formation surged by 6%.

At the same time, exports of goods and services increased by 0.9%, and imports of goods and services by 2.5%.

On a quarterly basis, the GDP advanced by 0.5% in Q2, slightly up from a 0.4% growth in the preceding quarter.