In the first quarter, GDP increased a seasonally and working-day adjusted 3.4% over the same period the previous year, according to revised data published by the National Statistical Institute on 8 June. The reading came in above the 13 May preliminary estimate of a 2.5% rise and contrasted the 2.0% contraction registered in the first quarter of 2010. On a quarterly basis, GDP rose 0.6%, up from the 0.4% expansion reported in the previous estimate. The quarterly reading reflected a strong improvement in the external sector, while domestic demand recovered less notably. Private consumption rose 0.8% year-on-year (Q4 2010: +0.3% yoy) and gross fixed investment rebounded from a 1.0% contraction in Q4 2010 to a 1.6% increase in Q1. The net contribution from the external sector to overall economic growth improved markedly, as exports outpaced imports. Exports of goods and services accelerated from a 15.1% expansion to a 20.1% increase. Meanwhile, imports deteriorated from a 10.7% expansion in the fourth quarter to an 8.6% increase in Q1.
Economy rebounds on strong exports
June 8, 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.