The Bulgarian economy grew 4% year-on-year in the second quarter of 2022, missing initial estimates of 4.8%, and pointing to the slowest growth in five quarters. Final consumption increased 5.2%, after a 5.1% rise in the previous period while gross fixed capital formation declined 7.8%, more than 5.7% in the first quarter. At the same time, exports were up 10.4%, but imports increased at a faster 16.7%. Compared to the previous quarter, the economy expanded 0.7%, after a 0.5% growth in the first three months of the year. source: National Statistical Institute, Bulgaria
GDP Annual Growth Rate in Bulgaria averaged 2.37 percent from 1996 until 2022, 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 September of 2022.
GDP Annual Growth Rate in Bulgaria is expected to be 2.00 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 3.50 percent in 2023 and 2.70 percent in 2024, according to our econometric models.