Name: Bulgaria Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

In 2021, Bulgaria's GDP expanded 4.2 percent driven by final consumption and robust growth of exports. source: National Statistical Institute, Bulgaria

Full Year GDP Growth in Bulgaria averaged 2.68 percent from 1996 until 2021, reaching an all time high of 7.30 percent in 2007 and a record low of -5.61 percent in 1999. This page includes a chart with historical data for Bulgaria Full Year GDP Growth. Bulgaria Full Year GDP Growth - values, historical data and charts - was last updated on October of 2022.

Full Year GDP Growth in Bulgaria is expected to reach 2.50 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bulgaria Full Year GDP Growth is projected to trend around 4.00 percent in 2023 and 3.70 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	0.80	0.84	percent	Jun 2022
GDP Annual Growth Rate	3.96	4.23	percent	Jun 2022
GDP	80.27	69.89	USD Billion	Dec 2021

Bulgaria Full Year GDP Growth

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.