GDP in Bulgaria
Bulgaria - GDP
Growth moderates in Q4 but surpasses expectations
The economy grew 3.5% year-on-year in the fourth quarter, slightly down from the third quarter’s 3.7% outturn but beating market expectations, according to a preliminary release by the Statistical Institute on 14 February.
A preliminary breakdown showed that the modest slowdown reflected a downturn in fixed investment (Q4: -1.5% year-on-year; Q3: +1.8% yoy), dragged down by cooling business sentiment and a weak industrial sector amid faltering external demand. Indeed, exports slumped (Q4: -1.5 yoy; Q3: +1.3%), on wider European weakness; meanwhile, imports fell 2.7%, following a 1.2% increase in Q3, most likely due to European supply-chain disruptions. On the other hand, total consumption strengthened further (Q4: +5.0% yoy; Q4: +4.9% yoy) thanks to an extremely tight labor market, improving consumer confidence and strong wage growth.
On a quarter-on-quarter, seasonally-adjusted basis, growth inched down to an almost two-year low of 0.7%, from 0.8% in Q3.
More comprehensive data will be released on 5 March.
Momentum is seen easing this year, as reduced job growth will restrain consumer spending growth. That said, marked wage hikes will sustain spending dynamics, while investment activity will strengthen on the back of a pick-up in EU funds absorption, cushioning the slowdown. Lingering global trade tensions, coupled with weakness in the EU economy, pose downside risks.
FocusEconomics panelists project growth of 3.0% in 2020, which is unchanged from last month’s forecast, and 2.8% in 2021.
Bulgaria - GDP Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, annual variation in %) | 1.8 | 3.5 | 3.9 | 3.8 | 3.1 |
Bulgaria GDP Chart
Source: National Statistical Insitute (NSI) and FocusEconomics calculations
Bulgaria Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.40 | 0.0 % | Dec 31 |
Sample Report
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.
Economic News
-
Bulgaria: Inflation at seven-year high in January
February 14, 2020
Consumer prices increased 0.9% from the previous month in January, following December’s 0.7% rise.
-
Bulgaria: Growth moderates in Q4 but surpasses expectations
February 14, 2020
The economy grew 3.5% year-on-year in the fourth quarter, slightly down from the third quarter’s 3.7% outturn but beating market expectations, according to a preliminary release by the Statistical Institute on 14 February.
-
Bulgaria: Industrial production closes 2019 on a sour note
February 10, 2020
Industrial production fell 1.5% year-on-year in December, after dropping 0.2% in November.
-
Bulgaria: Inflation at seven-year high at year-end
January 15, 2020
Consumer prices increased 0.7% from the previous month in December, following November’s 0.5% rise.
-
Bulgaria: Industrial production slumps in November
January 10, 2020
Industrial production decreased 0.4% year-on-year in November, after increasing 1.8% in October.
© Copyright: 2020 | Bulgaria GDP | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
