The Gross Domestic Product (GDP) in Bulgaria expanded 0.80 percent in the second quarter of 2022 over the previous quarter. source: National Statistical Institute, Bulgaria

GDP Growth Rate in Bulgaria averaged 0.68 percent from 1995 until 2022, reaching an all time high of 11.78 percent in the second quarter of 1995 and a record low of -10.13 percent in the first quarter of 1997. This page provides - Bulgaria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.

GDP Growth Rate in Bulgaria is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bulgaria GDP Growth Rate is projected to trend around 0.30 percent in 2023 and 0.70 percent in 2024, according to our econometric models.

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Bulgaria GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-08-17 08:00 AM QoQ Prel Q2 1.1% 0.8% 0.1%
2022-09-07 08:00 AM QoQ Final Q2 0.8% 0.8% 1.1% 1.1%
2022-11-16 09:00 AM QoQ Prel Q3 0.8% -0.3%

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 Constant Prices 24899.23 21838.75 BGN Million Jun 2022
Gross Fixed Capital Formation 4441.44 2957.24 BGN Million Jun 2022
Full Year GDP Growth 4.20 -4.40 percent Dec 2021
GDP from Services 6378.93 4360.69 BGN Million Jun 2022
GDP from Public Administration 5231.20 4745.89 BGN Million Jun 2022
GDP from Manufacturing 9705.62 9447.77 BGN Million Jun 2022
GDP from Construction 1272.32 901.59 BGN Million Jun 2022
GDP from Agriculture 1368.53 584.52 BGN Million Jun 2022

Bulgaria GDP Growth Rate
Bulgaria is one of the lowest income member states of the European Union to which it belongs since 2007. The main sectors of Bulgarian economy are services (59 percent of total GDP), followed by industry (24 percent) and agriculture (5 percent). On the expenditure side, 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
0.80 0.84 11.78 -10.13 1995 - 2022 percent Quarterly