A big building in Bulgaria

Bulgaria GDP Q4 2021

Bulgaria: GDP growth moderates in Q4

According to a flash estimate, GDP grew 4.5% year-on-year in the fourth quarter, moderating from the 5.0% rise seen in the third. However, on a seasonally-adjusted quarter-on-quarter basis, economic growth inched up to 1.0% in Q4, following the previous quarter’s 0.8% increase, hinting at strengthening underlying demand dynamics.

The preliminary breakdown showed that the fourth quarter’s year-on-year result mainly came on the back of a steeper decline in fixed investment (Q4: -12.5% yoy; Q3: -11.7% yoy). Conversely, total consumption growth accelerated on an annual basis to 7.9% in Q4, from 7.1% in Q3, tempering the slowdown somewhat.

On the external front, exports of goods and services rose 12.9% in Q4, quickening from the 10.0% expansion logged in Q3. Meanwhile, import growth eased to 11.2% in the quarter (Q3: +14.3% yoy).

More detailed data will be released on 9 March.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest