The Gross Domestic Product (GDP) in Bulgaria expanded 0.60 percent in the second quarter of 2021 over the previous quarter. source: National Statistical Institute, Bulgaria

GDP Growth Rate in Bulgaria averaged 0.92 percent from 1997 until 2021, reaching an all time high of 13.40 percent in the fourth quarter of 1997 and a record low of -10.10 percent in the second quarter of 2020. This page provides - Bulgaria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

GDP Growth Rate in Bulgaria is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bulgaria GDP Growth Rate is projected to trend around 0.40 percent in 2022 and 0.90 percent in 2023, according to our econometric models.

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Bulgaria GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-17 08:00 AM QoQ Prel Q2 0.4% 2.5% 1.7%
2021-09-07 08:00 AM QoQ Final Q2 0.6% 2.5% 0.4%
2021-11-13 09:00 AM QoQ Prel Q3 0.6% 3.5%


Bulgaria Last Unit Reference Previous Highest Lowest
GDP Growth Rate 0.60 percent Jun/21 2.50 13.40 -10.10
GDP Annual Growth Rate 9.90 percent Jun/21 -1.80 17.20 -14.00
GDP Constant Prices 24578.07 BGN Million Jun/21 21390.45 28473.77 209.23
Gross Fixed Capital Formation 4956.01 BGN Million Jun/21 3173.10 7556.58 644.39
GDP From Services 5284.01 BGN Million Jun/21 4084.15 6900.26 18.12
GDP From Public Administration 4915.10 BGN Million Jun/21 4606.12 5407.73 9.17
GDP From Manufacturing 5906.18 BGN Million Jun/21 5060.42 5912.16 30.78
GDP From Construction 1415.24 BGN Million Jun/21 1073.03 1801.13 3.40
GDP From Agriculture 983.40 BGN Million Jun/21 499.73 1938.55 9.99


Bulgaria GDP Growth Rate
Bulgaria is one of the lowest income member states of the European Union to which it belongs since 2007. The main sectors of Bulgarian economy are services (59 percent of total GDP), followed by industry (24 percent) and agriculture (5 percent). On the expenditure side, 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.