GDP in Bulgaria

Bulgaria GDP | Economic News & Forecasts

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

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)0.2  1.3  2.4  3.6  3.4  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Bulgaria GDP Chart

Bulgaria GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Statistical Insitute (NSI) and FocusEconomics calculations

Bulgaria Facts

Bond Yield1.750.0 %Sep 21
Exchange Rate1.640.86 %Sep 21
Stock Market6790.15 %Sep 21

Sample Report

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.

Sign Up

Economic News

Search form