Consumption in Bulgaria
Bulgaria - Consumption
GDP growth softens in the fourth quarter
GDP growth edged down to 4.7% in the final quarter of 2021, from 5.0% in the third. Q4's reading marked the weakest result since Q1, but was above the 4.5% result in the preliminary release. As such, growth for 2021 as a whole totaled 4.2%, contrasting the 4.3% contraction recorded in the prior year.
Household spending increased 8.7% in the fourth quarter, which was above the third quarter's 8.4% expansion. Public spending growth slowed to 2.8% in Q4 (Q3: +6.3%). Fixed investment contracted 15.5% in Q4, deteriorating further from Q3’s 14.5% drop.
On the external front, exports of goods and services increased 13.8% on an annual basis in the fourth quarter, which was above the third quarter's 7.9% expansion. Conversely, imports of goods and services growth moderated to 10.9% in Q4 (Q3: +12.5%).
Lastly, on a seasonally-adjusted quarter-on-quarter basis, economic growth improved moderately to 1.0% in Q4, from the previous quarter's 0.8% growth. Q4's reading marked the best result since Q1.
FocusEconomics panelists project the economy to expand 3.1% in 2022, which is down 0.6 percentage points from last month’s forecast, and 3.5% in 2023.
Bulgaria - Consumption Data
|Consumption (annual variation in %)||3.6||3.5||3.8||4.3||5.8|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.40||0.0 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
April 19, 2022
Consumer prices increased 2.22% from the previous month in March, following the 1.36% rise recorded in February.
April 8, 2022
Industrial production rose 14.4% year-on-year in February (January: +17.2% yoy).
March 14, 2022
Consumer prices increased 1.36% from the previous month in February, below the 1.54% increase recorded in January.
March 10, 2022
Industrial output rose 16.5% year-on-year in January, rising from December’s 14.8% increase and marking the best result since last April.
March 8, 2022
GDP growth edged down to 4.7% in the final quarter of 2021, from 5.0% in the third.