GDP in Bulgaria
Bulgaria - GDP
Economy loses steam in Q3 as exports plummet
According to a more comprehensive estimate released by the Statistical Institute, the economy grew 3.1% in seasonally-adjusted terms and on an annual basis in the third quarter, a notch above the preliminary estimate but below the second quarter’s reading (Q2: +3.4 year-on-year s.a.). Despite a well-anchored domestic economy, deteriorating external-sector metrics eroded gains.
Domestic demand remained in the driver’s seat, fueled by a pick-up in fixed investment which accelerated to 7.0% year-on-year from a revised 6.6% logged in the previous quarter (previously reported: +4.6% yoy s.a.). Additionally, total consumption grew steadily at 6.9% (Q2: +6.9% yoy s.a.; previously reported: +4.8 yoy s.a.) amid the tighter labor market.
The external sector weighed down economic growth, however. Exports contracted for a second straight quarter (Q3: -3.6% yoy s.a.; Q2: -1.9% yoy s.a.) against the backdrop of a broader European slowdown. Meanwhile, import growth decelerated to 4.0% from a revised 5.0% increase in the previous quarter (previously reported: +4.3% yoy s.a.).
On a quarter-on-quarter basis, growth in seasonally-adjusted terms came in at 0.7% in the third quarter, down from the 0.8% outturn a quarter earlier.
FocusEconomics Consensus Forecast panelists expect growth of 3.4% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists see growth at 2.9%.
Bulgaria - GDP Data
|Economic Growth (GDP, annual variation in %)||0.9||1.3||3.6||3.9||3.6|
5 years of economic forecasts for more than 30 economic indicators.
Bulgaria GDP Chart
Source: National Statistical Insitute (NSI) and FocusEconomics calculations
|Bond Yield||0.88||0.0 %||Feb 14|
|Exchange Rate||1.74||-0.72 %||Feb 14|
|Stock Market||581||-0.35 %||Feb 14|
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February 15, 2019
Consumer prices rose 0.5% from the previous month in January, following a flat reading in December.
February 8, 2019
Industrial output declined 3.8% in working day-adjusted annual terms in December, contrasting the 1.2% year-on-year expansion logged in November and marking the sharpest contraction in five-and-a-half years.
January 15, 2019
Consumer prices remained unchanged from the previous month in December, following a 0.1% month-on-month dip in November.
January 10, 2019
Industrial output rose 1.2% in working day-adjusted annual terms in November, matching the revised 1.2% year-on-year expansion logged in October (previously reported: +1.6% year-on-year).
December 12, 2018
Consumer prices fell 0.1% from a month earlier in November, following a 0.7% month-on-month rise in October.