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. source: National Statistical Institute, Bulgaria

GDP Annual Growth Rate in Bulgaria averaged 2.70 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 August of 2021.

GDP Annual Growth Rate in Bulgaria is expected to be 7.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Bulgaria to stand at 2.50 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -3.80 17.20 -14.00 1996 - 2021 percent Quarterly
SA, WDA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-16 09:00 AM YoY Prel Q4 -3.8% -5.2% -5%
2021-03-09 09:00 AM YoY Final Q4 -3.8% -5.2% -3.8%
2021-05-18 08:00 AM YoY Prel Q1 -1.8% -3.8% -4.5%
2021-06-08 08:00 AM YoY Final Q1 -1.8% -3.8% -1.8%
2021-08-17 08:00 AM YoY Prel Q2 -1.8% 7.9%
2021-09-07 08:00 AM YoY Final Q2
2021-11-13 09:00 AM YoY Prel Q3 6.5%
2021-12-07 09:00 AM YoY Final Q3


News Stream
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 Shrinks at a Softer Pace in Q1
Bulgaria's GDP contracted 1.8 percent from a year earlier in the first quarter of 2021, following a 3.8 percent plunge in the previous period, a preliminary estimate showed. It was the fourth consecutive contraction but also the softest since the pandemic outbreak, indicating that the economy is recovering to its pre-crisis level. This was due to improvements in all of its components, as final consumption grew at a faster pace (2.6 percent vs 0.9 percent in Q4), and gross fixed capital formation has significantly rebounded (1.2 percent vs -7.4 percent). Net trade contributed negatively to growth, as exports fell 6 percent (vs -11.2 percent in Q4) while imports increased 0.6 percent (vs -0.8 percent in Q4). On a quarterly basis, the country’s GDP is estimated to have grown 2.5 percent, faster than the 2.2 percent recorded in the previous quarter.
2021-05-18
Bulgaria GDP Contracts Less in Q4
Bulgaria's GDP shrank 3.8 percent from a year earlier in the final quarter of 2020, in line with the preliminary estimate and following a 5.2 percent drop in the previous period. It was the third consecutive contraction, although at a softer pace, amid the pandemic crisis. The contribution from net trade was less negative due to a smaller contraction of exports (-11.2 percent vs -20.8 percent), while imports also decreased (-0.8 percent vs -4.3 percent). Meanwhile, final consumption advanced at a slower pace (0.9 percent vs 2.7 percent) and fixed investment declined further (-7.4 percent vs -6.4 percent in Q3). On a quarterly basis, the country’s GDP grew 2.2 percent, slightly higher than an earlier estimate of 2.1 percent but slower than the 4.3 percent growth in the prior period. Considering full 2020, the economy retreated 4.2 percent, following a 3.4 percent expansion in 2019.
2021-03-09
Bulgaria GDP Shrinks at a Softer Pace in Q4
Bulgaria's GDP shrank 3.8 percent from a year earlier in the final quarter of 2020, according to preliminary figures, following a 5.2 percent drop in the previous period. It was the third consecutive quarter of recession, as final consumption declined (-5.7 percent vs 2.7 percent in Q3) and fixed investment fell faster (-7.9 percent vs -6.4 percent). In addition, the contribution from net trade was less negative due to a smaller contraction of exports (-11.2 percent vs -20.8 percent), while imports also decreased (-3.9 percent vs -4.3 percent). On a quarterly basis, the country’s GDP grew 2.1 percent, slowing down from a 4.3 percent growth in the previous period.
2021-02-16

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.