The Bulgarian economy advanced 4.6 percent year-on-year in the third quarter of 2021, much higher than initial estimates of 0.4 percent but less than a downwardly revised 7.1 percent expansion in the previous quarter. Still, it was the second quarter of growth, after over a year of contraction. Final consumption eased (6.8 percent vs 8.2 percent in Q3 2020) whereas gross fixed capital formation continued to decline (-9.7 percent vs -6.1 percent). Also, net foreign demand contributed negatively as exports surged 9.8 percent (vs 21.1 percent in Q3 2020) while imports soared at a faster 12.7 percent (vs 22 percent). On a quarterly basis, Bulgaria’s GDP edged up 0.6 percent, easing from an upwardly revised 0.8 percent increase in the second quarter of the year. source: National Statistical Institute, Bulgaria

GDP Annual Growth Rate in Bulgaria averaged 1.68 percent from 1996 until 2021, reaching an all time high of 13 percent in the fourth quarter of 2000 and a record low of -17.20 percent in the first quarter of 1997. This page provides - Bulgaria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Annual Growth Rate in Bulgaria is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bulgaria GDP Annual Growth Rate is projected to trend around 4.20 percent in 2022 and 2.70 percent in 2023, according to our econometric models.

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Bulgaria GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-16 09:00 AM YoY Prel Q3 0.4% 9.9% 3.1%
2021-12-07 09:00 AM YoY Final Q3 4.6% 7.1% 0.4%
2022-02-16 09:00 AM YoY Prel Q4 4.6%


Related Last Previous Unit Reference
GDP Growth Rate 0.60 0.80 percent Sep/21
GDP Annual Growth Rate 4.62 7.08 percent Sep/21
GDP Constant Prices 27721.20 23945.57 BGN Million Sep/21
Gross Fixed Capital Formation 4342.65 4830.98 BGN Million Sep/21
GDP From Services 6713.65 5284.01 BGN Million Sep/21
GDP From Public Administration 4614.27 4915.10 BGN Million Sep/21
GDP From Manufacturing 6635.63 5906.18 BGN Million Sep/21
GDP From Construction 1612.86 1415.24 BGN Million Sep/21
GDP From Agriculture 2354.64 983.40 BGN Million Sep/21

News Stream
Bulgaria GDP Growth Eases in Q3
The Bulgarian economy advanced 4.6 percent year-on-year in the third quarter of 2021, much higher than initial estimates of 0.4 percent but less than a downwardly revised 7.1 percent expansion in the previous quarter. Still, it was the second quarter of growth, after over a year of contraction. Final consumption eased (6.8 percent vs 8.2 percent in Q3 2020) whereas gross fixed capital formation continued to decline (-9.7 percent vs -6.1 percent). Also, net foreign demand contributed negatively as exports surged 9.8 percent (vs 21.1 percent in Q3 2020) while imports soared at a faster 12.7 percent (vs 22 percent). On a quarterly basis, Bulgaria’s GDP edged up 0.6 percent, easing from an upwardly revised 0.8 percent increase in the second quarter of the year.
2021-12-07
Bulgaria Economic Growth Slows in Q3
The Bulgarian economy grew 0.4% year-on-year in the third quarter of 2021, less than a 9.9% rise in the previous quarter, a preliminary estimates showed. Still, it was the second growth quarter of growth amid the low base effect from the pandemic shock last year and as the economy gradually recovers. Final consumption increased (5.1%), while gross fixed capital formation decreased (-3%). Meanwhile, both exports of goods & services and imports advanced by 12.5% and 11.1%, respectively.
2021-11-16
Bulgaria GDP Rebounds in Q2
The Bulgarian economy advanced 9.9% year-on-year in the second quarter of 2021, better than initial estimates of 9.6% and after a 1.8 percent contraction in the previous period. It was the first growth in five quarters due to the low base effect from the pandemic shock last year and as the economy gradually recovers. Final consumption continued to advance at a robust pace (6.2 percent) and gross fixed capital formation surged (12.2 percent). Meanwhile, exports rose 20.4 percent and imports 28.4 percent. On a quarterly basis, Bulgaria's GDP edged up 0.6%, after a 2.5% increase in the first quarter of the year.
2021-09-07

Bulgaria GDP Annual Growth Rate
In Bulgaria, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (17 percent). Exports of goods and services account for 65 percent of GDP while imports account for 66 percent, subtracting 1 percent of total GDP.