GDP in Bulgaria
Bulgaria - GDP
Economic growth edges up in Q2
In the second quarter, the economy expanded 3.6% over the same period last year, according to preliminary data released on 28 August. The print came in slightly above the 3.5% year-on-year growth registered in the first quarter. Growth was fairly broad-based with contributions from both domestic demand and the external sector.
Total consumption recorded a 4.2% expansion over the previous year in Q2 (Q1: +4.3% year-on-year). Fixed investment dropped 0.9% yoy in Q2, which was a significant improvement on the 4.6% contraction registered in Q1.
On the external side of the economy, export growth accelerated from a 5.8% expansion in annual terms in Q1 to a 6.1% increase in Q2. Meanwhile, imports registered a 7.0% yearly expansion (Q1: +7.1% yoy). As a result, the external sector made a positive contribution, after having subtracted from growth in Q1.
More detailed data will be released on 5 September.
The Ministry of Finance expects the economy to expand 2.5% in 2017. FocusEconomics Consensus Forecast participants expect GDP to expand 3.5% in 2017, which is up 0.1 percentage points from last month’s forecast. In 2018, panelists see the economy growing 3.3%.
Bulgaria - GDP Data
|Economic Growth (GDP, annual variation in %)||0.2||1.3||2.4||3.6||3.4|
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria GDP Chart
Source: National Statistical Insitute (NSI) and FocusEconomics calculations
|Bond Yield||1.75||0.0 %||Sep 21|
|Exchange Rate||1.64||0.86 %||Sep 21|
|Stock Market||679||0.15 %||Sep 21|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free 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.
August 24, 2017
In June, industrial production grew 3.6% over the same month last year in working-day adjusted terms (May: +9.4% year-on-year).
August 18, 2017
Consumer prices rose 0.3% in July compared to the previous month, contrasting June’s 0.5% decrease.
August 16, 2017
In the second quarter, the economy expanded 3.6% over the same period last year, according to preliminary data released on 28 August.
July 13, 2017
Consumer prices fell 0.5% in June compared to the previous month, which followed May’s 0.3% drop.
July 10, 2017
In May, industrial production grew 9.6% from the same month last year in working-day adjusted terms (April: +5.1% year-on-year).