Bulgaria’s economy advanced 3.5 percent year-on-year in the second quarter of 2019, the same as in the previous period and higher than a preliminary estimates of 3.3 percent. Both household (2.8 percent vs 4.9 percent in Q1) and government consumption (3.7 percent vs 5.2 percent) slowed while gross fixed capital formation advanced at a softer pace (2.2 percent vs 2.5 percent). Regarding net trade, exports rose 3.7 percent (from 5.1 percent in Q1) while imports declined 2.0 percent (from 3.9 percent in Q1). On a quarterly basis, the GDP grew 0.8 percent compared to a 1.2 percent in the first quarter of 2019. GDP Annual Growth Rate in Bulgaria averaged 3.03 percent from 1996 until 2019, reaching an all time high of 17.20 percent in the first quarter of 1998 and a record low of -14 percent in the third quarter of 1996.

GDP Annual Growth Rate in Bulgaria is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Bulgaria to stand at 3.50 in 12 months time. In the long-term, the Bulgaria GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Bulgaria GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-15 08:00 AM GDP Growth Rate YoY Prel Q1 3.4% 3.2% 3%
2019-06-06 08:00 AM GDP Growth Rate YoY Final Q1 3.5% 3.2% 3.4%
2019-08-14 08:00 AM GDP Growth Rate YoY Prel Q2 3.3% 3.5% 3.1%
2019-09-05 08:00 AM GDP Growth Rate YoY Final Q2 3.5% 3.5% 3.3%
2019-11-14 09:00 AM GDP Growth Rate YoY Prel Q3 3.5% 3.3%
2019-12-05 09:00 AM GDP Growth Rate YoY Final Q3 3.5% 3.3%


Bulgaria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.20 13.40 -7.70 percent [+]
GDP Annual Growth Rate 3.50 3.50 17.20 -14.00 percent [+]
GDP 65.13 58.22 65.13 9.70 USD Billion [+]
GDP Constant Prices 22873.57 19237.30 24992.44 209.23 BGN Million [+]
Gross Fixed Capital Formation 4955.38 3158.51 7556.58 644.39 BGN Million [+]
GDP per capita 8651.10 8331.20 8651.10 3223.81 USD [+]
GDP per capita PPP 19320.76 18606.22 19320.76 8001.70 USD [+]
GDP From Agriculture 942.01 476.98 1931.24 9.99 BGN Million [+]
GDP From Construction 1218.27 915.33 1801.13 3.40 BGN Million [+]
GDP From Manufacturing 5839.94 5256.14 5883.01 30.78 BGN Million [+]
GDP From Public Administration 3890.14 3626.98 3890.14 9.17 BGN Million [+]
GDP From Services 5358.82 3931.98 6623.03 18.12 BGN Million [+]


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. This page provides - Bulgaria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.50 17.20 -14.00 1996 - 2019 percent Quarterly
SA, WDA




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China 6.20 Jun/19
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France 1.40 Jun/19
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Brazil 1.00 Jun/19
Japan 1.00 Jun/19
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Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
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Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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