A big building in Bulgaria

Bulgaria GDP Q2 2019

Bulgaria: Growth moderates in Q2

Bulgaria’s economy grew 3.3% year-on-year in the second quarter, down from the first quarter 3.5% outturn, according to a preliminary release by the Statistical Institute on 14 August.

A rudimentary breakdown showed that total consumption growth slowed to 2.7% in Q2 (Q1: +4.5% year-on-year) amid downbeat consumer sentiment and meager retail sales in the quarter. Fixed investment also lost steam in Q2, growing 2.2% in annual terms (Q1: +2.5% yoy), marking the slowest pace in over two years. Meanwhile, the external sector deteriorated as well: Export growth decelerated amid the wider European pull-back (Q2: +3.3% yoy; Q1: +5.1% yoy), while imports contracted for the first time in over seven years (Q2: -5.5% yoy; Q1: +3.9% yoy).

On a quarter-on-quarter, seasonally-adjusted basis, growth slowed to an over-five-year-low of 0.6%, from 1.2% in Q1.

More comprehensive data will be released on 5 September.

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