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.