The Bulgarian economy advanced 9.9% year-on-year in the second quarter of 2021, better than initial estimates of 9.6% and after a 1.8 percent contraction in the previous period. It was the first growth in five quarters due to the low base effect from the pandemic shock last year and as the economy gradually recovers. Final consumption continued to advance at a robust pace (6.2 percent) and gross fixed capital formation surged (12.2 percent). Meanwhile, exports rose 20.4 percent and imports 28.4 percent. On a quarterly basis, Bulgaria's GDP edged up 0.6%, after a 2.5% increase in the first quarter of the year. source: National Statistical Institute, Bulgaria

GDP Annual Growth Rate in Bulgaria averaged 2.77 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 October of 2021.

GDP Annual Growth Rate in Bulgaria is expected to be 6.50 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 1.20 percent in 2022 and 2.70 percent in 2023, according to our econometric models.

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Bulgaria GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-17 08:00 AM YoY Prel Q2 9.6% -1.8% 7.9%
2021-09-07 08:00 AM YoY Final Q2 9.9% -1.8% 9.6%
2021-11-13 09:00 AM YoY Prel Q3 9.9% 6.5%


Related Last Previous Unit Reference
GDP Growth Rate 0.60 2.50 percent Jun/21
GDP Annual Growth Rate 9.90 -1.80 percent Jun/21
GDP Constant Prices 24578.07 21390.45 BGN Million Jun/21
Gross Fixed Capital Formation 4956.01 3173.10 BGN Million Jun/21
GDP From Services 5284.01 4084.15 BGN Million Jun/21
GDP From Public Administration 4915.10 4606.12 BGN Million Jun/21
GDP From Manufacturing 5906.18 5060.42 BGN Million Jun/21
GDP From Construction 1415.24 1073.03 BGN Million Jun/21
GDP From Agriculture 983.40 499.73 BGN Million Jun/21

News Stream
Bulgaria GDP Rebounds in Q2
The Bulgarian economy advanced 9.9% year-on-year in the second quarter of 2021, better than initial estimates of 9.6% and after a 1.8 percent contraction in the previous period. It was the first growth in five quarters due to the low base effect from the pandemic shock last year and as the economy gradually recovers. Final consumption continued to advance at a robust pace (6.2 percent) and gross fixed capital formation surged (12.2 percent). Meanwhile, exports rose 20.4 percent and imports 28.4 percent. On a quarterly basis, Bulgaria's GDP edged up 0.6%, after a 2.5% increase in the first quarter of the year.
2021-09-07
Bulgaria GDP Rebounds in Q2
Bulgaria’s GDP rebounded by 9.6 percent from a year earlier in the second quarter of 2021, the most since the first quarter of 1998 after a 1.8 percent fall in the previous period, preliminary estimates showed. It was the first growth in four quarters due to the low base effect from the pandemic shock last year and as the economy gradually recovers. Both final consumption (6.7 percent vs 3.1 percent in Q1) and gross fixed capital formation (4.2 percent vs 1.0 percent) grew faster. Meanwhile, exports rebounded 20.3 percent (vs -5.9 percent in Q1) while imports advanced 28.6 percent (vs 1.9 percent). On a quarterly basis, the economy grew 0.4 percent, slowing from a 2.5 percent rise in the previous quarter.
2021-08-17
Bulgaria GDP Contraction Softens in Q1
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.
2021-06-08

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.