The Bulgarian economy advanced by 2% year-on-year in the first quarter of 2023, following a downwardly revised 2.1% expansion in the previous three-month period and marking the slowest pace in the current growth sequence, preliminary estimates showed. Gross fixed capital formation contributed positively, accelerating to 5.2% in Q1 this year compared to 2.1% in Q4 2022. Meanwhile, final consumption (2.8% vs 5.4% in Q4 2022) and exports (3.0% vs 8.9%) slowed, and imports decreased (-4.3% vs 8.7%). Quarterly, Bulgaria’s GDP rose 0.4%, easing from a 0.6% growth in the prior three months. source: National Statistical Institute, Bulgaria
GDP Annual Growth Rate in Bulgaria averaged 2.50 percent from 1996 until 2023, reaching an all time high of 23.67 percent in the first quarter of 1996 and a record low of -17.20 percent in the first quarter of 1997. 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 May of 2023.
GDP Annual 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 Annual Growth Rate is projected to trend around 2.50 percent in 2024 and 2.70 percent in 2025, according to our econometric models.