The Bulgarian economy advanced 4 percent year-on-year in the first quarter of 2022, missing initial estimates of 4.5 percent increase, and slowing from a revised 5 percent expansion in the previous quarter. Still, it was the fourth quarter of growth, after over a year of contraction. Growth in final consumption eased (5.2 percent vs 7.2 percent in Q4) while gross fixed capital formation continued to decline (-5.6 percent vs -15.6 percent), although at a softer pace. In contrast, net foreign demand contributed negatively as exports rose 6.5 percent on year while imports surged by a faster 13.5 percent. On a quarterly basis, Bulgaria’s GDP rose 0.8 percent, slowing from a 1.3 percent growth in the last quarter of 2021. source: National Statistical Institute, Bulgaria

GDP Annual Growth Rate in Bulgaria averaged 2.35 percent from 1996 until 2022, reaching an all time high of 23.67 percent in the first quarter of 1996 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 June of 2022.

GDP Annual Growth Rate in Bulgaria is expected to be 2.80 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 3.50 percent in 2023 and 2.70 percent in 2024, according to our econometric models.

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Bulgaria GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 08:00 AM YoY Prel Q1 4.5% 5.2% 3.5%
2022-06-08 08:00 AM YoY Final Q1 4% 5% 4.5%
2022-08-17 08:00 AM YoY Prel Q2 4% 2.8%


Related Last Previous Unit Reference
GDP Growth Rate 0.84 1.27 percent Mar 2022
GDP Annual Growth Rate 4.00 5.02 percent Mar 2022
GDP Constant Prices 21838.75 28488.38 BGN Million Mar 2022
Gross Fixed Capital Formation 2957.24 5507.55 BGN Million Mar 2022
Full Year GDP Growth 4.20 -4.40 percent Dec 2021
GDP From Services 4360.69 7770.35 BGN Million Mar 2022
GDP From Public Administration 4745.89 5586.21 BGN Million Mar 2022
GDP From Manufacturing 9447.77 7894.07 BGN Million Mar 2022
GDP From Construction 901.59 982.66 BGN Million Mar 2022
GDP From Agriculture 584.52 1111.82 BGN Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.00 5.02 23.67 -17.20 1996 - 2022 percent Quarterly
SA, WDA

News Stream
Bulgaria GDP Growth Eases in Q1
The Bulgarian economy advanced 4 percent year-on-year in the first quarter of 2022, missing initial estimates of a 4.5 percent increase, and slowing from a revised 5 percent expansion in the previous quarter. Still, it was the fourth quarter of growth. Growth in final consumption eased (5.2 percent vs 7.2 percent in Q4) while gross fixed capital formation continued to decline (-5.6 percent vs -15.6 percent), although at a softer pace. In contrast, net foreign demand contributed negatively as exports rose 6.5 percent on year while imports surged by a faster 13.5 percent. On a quarterly basis, Bulgaria’s GDP rose 0.8 percent, slowing from a 1.3 percent growth in the last quarter of 2021.
2022-06-08
Bulgaria Economy Expands at Brisk Pace in Q1
The Bulgarian economy increased by 4.5 percent year-on-year in the first quarter of 2022, below an upwardly revised 5.2 percent expansion in the previous quarter, flash estimates showed. Final consumption slowed (6.6 percent vs. 7.5 percent in Q4) while gross fixed capital formation declined less (6.1 percent vs. 15.2 percent). Exports went up 11.8 percent (vs. 13.6 percent in Q4), while imports rose faster at 13.6 percent (vs. 11.2 percent in Q4). On a quarterly basis, Bulgaria’s GDP grew by 1.0 percent, easing from an upwardly revised 1.4 percent in the last quarter of 2021.
2022-05-17
Bulgaria GDP Growth Eases in Q4
The Bulgarian economy advanced 4.7 percent year-on-year in the fourth quarter of 2021, higher than initial estimates of 4.5 percent increase but less than an upwardly revised 5 percent expansion in the previous quarter. Still, it was the third quarter of growth, after over a year of contraction. Final consumption advanced (7.4 percent vs 7 percent in Q3 2021) and net foreign demand contributed positively as exports surged 13.4 percent (vs 10 percent) while imports rose at a slower 12.1 percent (vs 14.4 percent). Meanwhile, gross fixed capital formation continued to decline further (-4.6 percent vs -1.5 percent). On a quarterly basis, Bulgaria’s GDP rose 1 percent, accelerating from a 0.8 percent growth in the third quarter. Considering the full 2021 year, Bulgaria’s GDP increased 4.2 percent on year.
2022-03-08