GDP in Bulgaria
Bulgaria - GDP
Economic growth steady in Q4
In the fourth quarter, the Bulgarian economy expanded 3.4% from the same period last year, according to preliminary data released on 17 February. The print matched the reading observed in the previous quarter. Q4’s result mainly came on the back of an expansion in total consumption, which partly offset a contraction in fixed investment.
Total consumption recorded a 0.9% expansion in Q4 (Q3: +0.2% year-on-year). Conversely, fixed investment dropped 1.5% (Q3: -1.8% year-on-year), which marked the third consecutive quarterly contraction.
On the external side of the economy, export growth moderated from a 9.5% expansion in Q3 to a 9.1% increase in Q4. Meanwhile, imports registered a 7.8% expansion (Q3: +7.5% yoy). As a result, the external sector’s net contribution to economic growth decreased from 1.1 percentage points in Q3 to 0.7 percentage points in Q4.
More detailed data will be released on 7 March.
The Ministry of Finance expects the economy to expand 2.5% in 2017. FocusEconomics Consensus Forecast participants expect GDP to expand 3.1% in 2017, which is up 0.1 percentage points from last month’s forecast. In 2018, panelists see the economy growing 3.0%.
Bulgaria - GDP Data
|Economic Growth (GDP, annual variation in %)||1.6||0.2||1.3||1.6||3.0|
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria GDP Chart
Source: National Statistical Insitute (NSI) and FocusEconomics calculations
|Bond Yield||1.90||0.0 %||Mar 23|
|Exchange Rate||1.81||0.19 %||Mar 23|
|Stock Market||639||-0.06 %||Mar 23|
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March 14, 2017
Consumer prices jumped 1.3% in February compared to the previous month, following January’s 0.6% increase.
March 9, 2017
In January, industrial production decreased 1.2% from the same month last year in working-day adjusted terms, which marked the first contraction since May 2016.
February 17, 2017
In the fourth quarter, the Bulgarian economy expanded 3.4% from the same period last year, according to preliminary data released on 17 February.
February 17, 2017
Consumer prices in Bulgaria jumped 1.3% in January compared to the previous month, following December’s 0.6% increase.
December 12, 2016
Bulgarian consumer prices were flat in November compared to the previous month, contrasting the 0.2% increase registered in October.