Bulgaria's economy advanced 3.5 percent year-on-year in the first quarter of 2019, higher than a preliminary estimate of 3.4 percent and following a 3.2 percent expansion in the previous period, final figures showed. It was the strongest growth rate in a year, as government spending increased further (5.2 percent from 4 percent in Q4). Meanwhile, household consumption slowed to 4.9 percent from 5.7 percent in the prior period and gross fixed capital formation eased to 2.5 percent from 6.6 percent. Net trade contributed positively to the GDP as exports rose 5.1 percent (vs 1.4 percent in Q4) and imports went up at a softer 3.9 percent (vs 1.6 percent in Q4). On a quarterly basis, the economy expanded 1.2 percent, above a preliminary reading of 1.1 percent, the most in over two years, and after a 0.8 percent growth in the last quarter of 2018. GDP Annual Growth Rate in Bulgaria averaged 3.03 percent from 1996 until 2019, 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 3.10 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 3.40 in 12 months time. In the long-term, the Bulgaria GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Bulgaria GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 09:00 AM GDP Growth Rate YoY Prel Q4 3.1% 3.1% 3.3%
2019-03-07 09:00 AM GDP Growth Rate YoY Final Q4 3.2% 3.1% 3.1%
2019-05-15 08:00 AM GDP Growth Rate YoY Prel Q1 3.4% 3.2% 3%
2019-06-06 08:00 AM GDP Growth Rate YoY Final Q1 3.5% 3.2% 3.4%
2019-08-14 08:00 AM GDP Growth Rate YoY Prel Q2 3.5% 3.1%
2019-09-05 08:00 AM GDP Growth Rate YoY Final Q2 3.1%
2019-11-14 09:00 AM GDP Growth Rate YoY Prel Q3 3.3%


Bulgaria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.20 0.80 13.40 -7.70 percent [+]
GDP Annual Growth Rate 3.50 3.20 17.20 -14.00 percent [+]
GDP 65.13 58.22 65.13 9.70 USD Billion [+]
GDP Constant Prices 19237.30 24992.44 24992.44 209.23 BGN Million [+]
Gross Fixed Capital Formation 3158.51 5251.33 7556.58 644.39 BGN Million [+]
GDP per capita 8651.10 8331.20 8651.10 3223.81 USD [+]
GDP per capita PPP 19320.76 18606.22 19320.76 8001.70 USD [+]
GDP From Agriculture 476.98 775.47 1931.24 9.99 BGN Million [+]
GDP From Construction 915.33 791.96 1801.13 3.40 BGN Million [+]
GDP From Manufacturing 5256.14 5261.97 5883.01 30.78 BGN Million [+]
GDP From Public Administration 3626.98 3826.67 3826.67 9.17 BGN Million [+]
GDP From Services 3931.98 6623.03 6623.03 18.12 BGN Million [+]


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. This page provides - Bulgaria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.20 17.20 -14.00 1996 - 2019 percent Quarterly
SA, WDA




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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