In the first quarter, GDP expanded 0.4% over the previous quarter in seasonally and working-day adjusted terms, according to the flash estimate published by the National Statistical Institute on 13 May. The first quarter reading was broadly in line with the 0.5% expansion observed in the fourth quarter of 2010. Compared to the same period the previous year, GDP rose 2.5%. The quarterly reading reflected a strong improvement in the external sector, while domestic demand remained depressed. Private consumption dropped 0.5% quarter-on-quarter (Q4 2010: +0.7% qoq) while gross fixed investment deteriorated markedly from a 1.0% expansion in Q4 2010 to a 4.7% contraction in Q1 2011. However, the net contribution from the external sector to overall economic growth improved markedly, with exports outpacing imports. Exports of goods and services rebounded from a 2.2% contraction to a 7.3% increase. Meanwhile, imports deteriorated from a 5.4% expansion in the fourth quarter to contract 4.0% in Q1 2011. The government anticipates GDP will expand 3.6% in 2011.
Economy grows on the back of strong exports
May 13, 2011
Looking for forecasts related to GDP in Bulgaria? Download a sample report now.
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.