Bulgaria's GDP expanded by 3.1 percent year-on-year in the fourth quarter of 2018, the same pace as in the previous period, flash estimates showed. Both final consumption (5.3 percent vs 6.9 percent in Q3) and fixed investment (4.0 percent vs 7.0 percent) grew at a softer rate. Also, exports rebounded (0.8 percent vs -3.6 percent in Q3) and imports increased less (2.5 percent vs 4.0 percent). On a quarterly basis, the GDP expanded 0.7 percent, the same rate as in the previous period. 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 3.60 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 3.80 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.