Bulgaria GDP


Bulgaria: Economy accelerates to four-and-a-half-year high in Q3

November 13, 2015

According to preliminary data released by the National Statistical Institute (NSI) on 13 November, the economy in Q3 expanded 2.9% over the same period last year, which was above Q2’s revised 2.6% rise (previously reported: +2.2% year-on-year) and marked the sharpest increase since Q1 2011. Improvements in total consumption and the external sector’s contribution are expected to have largely driven the strong performance.

On a sequential basis, the economy is estimated to have grown 0.7% in Q3, which is above the revised 0.6% rise (previously reported: +0.5% seasonally adjusted quarter-on-quarter) tallied in the previous quarter. More detailed data will be released on 4 December.

FocusEconomics Consensus Forecast participants expect GDP to expand 1.8% in 2015, which is unchanged from last month’s Consensus. In 2016, panelists see the economy growing 2.1%.

Author:, Economist

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Bulgaria GDP Chart

Bulgaria GDP Q3 2015

Note: Year-on-year changes of GDP in %
Source: National Statistical Institute (NSI) and FocusEconomics Consensus Forecast

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