Bulgaria's economy advanced 3.1 percent year-on-year in the third quarter of 2018, below a preliminary estimate of 3.4 percent and down from a 3.4 percent rise in the previous period. It is the slowest expansion since the fourth quarter of 2014. Government spending rose less (3.6 percent vs 4.5 percent in Q2) and net external demand contributed negatively to growth, as exports fell further (-3.6 percent vs -1.9 percent) while imports grew (4.0 percent vs 5.0 percent). In contrast, household consumption (7.7 percent vs 7.5 percent) and fixed investment (7.0 percent vs 6.6 percent) went up faster. On a quarterly basis, the GDP expanded 0.7 percent, above a preliminary figure of 0.5 percent but down from a 0.8 percent rise in the second quarter of the year. GDP Annual Growth Rate in Bulgaria averaged 3.02 percent from 1996 until 2018, 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 3.40 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 3.10 in 12 months time. In the long-term, the Bulgaria GDP Annual Growth Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.

Bulgaria GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 08:00 AM GDP Growth Rate YoY Prel 3.4% 3.6% 3.2%
2018-09-07 08:00 AM GDP Growth Rate YoY Final 3.4% 3.6% 3.4% 3.4%
2018-11-14 09:00 AM GDP Growth Rate YoY Prel 3.0% 3.4% 3.2%
2018-12-07 09:00 AM GDP Growth Rate YoY Final 3.1% 3.4% 3.0%
2019-02-14 09:00 AM GDP Growth Rate YoY Prel 3.1% 3.3%
2019-03-07 09:00 AM GDP Growth Rate YoY Final 3.1% 3.3%
2019-05-15 08:00 AM GDP Growth Rate YoY Prel 3.6%


Bulgaria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.80 13.40 -7.70 percent [+]
GDP Annual Growth Rate 3.10 3.40 17.20 -14.00 percent [+]
GDP 56.83 53.24 57.42 9.70 USD Billion [+]
GDP Constant Prices 24363.66 22057.54 24363.66 209.23 BGN Million [+]
Gross Fixed Capital Formation 4375.65 4892.04 7556.58 644.39 BGN Million [+]
GDP per capita 8311.93 7967.71 8311.93 3223.81 USD [+]
GDP per capita PPP 18563.31 17794.54 18563.31 8001.71 USD [+]
GDP From Agriculture 1887.14 824.18 1931.24 9.99 BGN Million [+]
GDP From Construction 1331.51 1019.06 1801.13 3.40 BGN Million [+]
GDP From Manufacturing 5883.01 5684.26 5883.01 30.78 BGN Million [+]
GDP From Public Administration 3061.47 3128.10 3454.20 9.17 BGN Million [+]
GDP From Services 5889.07 5073.61 5889.07 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.40 17.20 -14.00 1996 - 2018 percent Quarterly
SA, WDA




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Saudi Arabia 2.50 Sep/18
Netherlands 2.40 Sep/18
Spain 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Dec/18
Canada 2.10 Sep/18
South Korea 2.00 Sep/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -3.50 Sep/18


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