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.