In the third quarter, GDP expanded 0.5% over the same period the year before, according to the preliminary estimate released on 15 November, which matched the expansion seen in the previous two quarters. The quarterly expansion mainly reflected firm growth in private consumption, which expanded 2.9% year-on-year, matching the expansion recorded in the previous quarter. Meanwhile, gross fixed capital formation expanded 1.0%, which contrasted the 2.1% decline recorded in the second quarter. The external sector slowed somewhat. Exports of goods and services slowed to a 3.5% expansion over the same period last year (Q2: +3.9% yoy), while imports decelerated notably to a 3.0% increase from the strong 8.6% expansion seen in Q2. On a quarter-on-quarter basis, GDP added 0.1% in seasonally and working-day adjusted terms, which came in below the 0.3% growth seen in the previous quarter.
Economic growth remains steady despite slower exports
November 15, 2012
Looking for forecasts related to GDP in Bulgaria? Download a sample report now.
Bulgaria GDP Chart
Note: Year-on-year changes of GDP in %.
Source: National Statistical Institute (NSI) and FocusEconomics Consensus Forecast.
Bulgaria Economic News
October 12, 2016
In September, consumer prices decreased 0.5% from the previous month, which followed the 0.1% decline recorded in August.
October 7, 2016
In August, industrial production grew 2.6% from the same month last year in working-day adjusted terms, accelerating from July’s 2.3% increase.
September 13, 2016
In August, consumer prices decreased 0.1% over the previous month, which contrasted the sharp 1.0% increase recorded in July.
September 5, 2016
Revised data released on 5 September confirmed that the economy expanded 3.0% over the same period last year in Q2.
August 12, 2016
In the second quarter, the economy expanded 3.0% over the same period last year, according to preliminary data released on 12 August.