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
| 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, annual variation in %) | 0.2 | 1.3 | 2.4 | 3.6 | 3.4 |
Bulgaria GDP Chart
Source: National Statistical Insitute (NSI) and FocusEconomics calculations
Bulgaria Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.75 | 0.0 % | Sep 21 |
| Exchange Rate | 1.64 | 0.86 % | Sep 21 |
| Stock Market | 679 | 0.15 % | Sep 21 |
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Economic News
Bulgaria: Industrial production slows in June
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).
Bulgaria: Inflation moderates in July
August 18, 2017
Consumer prices rose 0.3% in July compared to the previous month, contrasting June’s 0.5% decrease.
Bulgaria: Economic growth edges up in Q2
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.
Bulgaria: Inflation moderates in June
July 13, 2017
Consumer prices fell 0.5% in June compared to the previous month, which followed May’s 0.3% drop.
Bulgaria: Industrial production growth accelerates in June
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).
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