Bulgaria's GDP shrank 1.8 percent from a year earlier in the first quarter of 2021, in line with the preliminary estimate and following a 3.8 percent decline in the previous period. It was the fourth consecutive contraction but also the smallest since the pandemic outbreak, indicating that the economy is recovering to its pre-crisis level. Final consumption picked up (3.1 percent vs 0.9 percent in Q4) and fixed investment rebounded (1 percent vs -7.4 percent). Meanwhile, net trade contributed negatively to growth, as exports fell 5.9 percent (vs -11.2 percent in Q4) while imports rose 1.9 percent (vs -0.8 percent in Q4). On a quarterly basis, the economy grew 2.5 percent, matching an earlier estimate and following a 2.2 percent rise in the previous quarter. source: National Statistical Institute, Bulgaria
GDP Annual Growth Rate in Bulgaria averaged 2.70 percent from 1996 until 2021, 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. 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 2021.
GDP Annual Growth Rate in Bulgaria is expected to be 7.90 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 7.50 in 12 months time. In the long-term, the Bulgaria GDP Annual Growth Rate is projected to trend around 1.20 percent in 2022 and 2.70 percent in 2023, according to our econometric models.