Bulgaria GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

3.1

Units In

2.2

Frequency

Quarterly

Next Release

Jun 06, 2025

Time to Release

2 Months 27 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
13 Dec 2000	-17.2 Mar 1997	1.81 %	1996-2024	N/A

In Bulgaria, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (17 percent). Exports of goods and services account for 65 percent of GDP while imports account for 66 percent, subtracting 1 percent of total GDP.

Latest Updates

Bulgaria's economy grew by 3.4% year-on-year in the fourth quarter of 2024, accelerating from an upwardly revised 2.8% expansion in the previous quarter. It was the fastest pace of expansion since the third quarter of 2022, primarily driven by a sharp rise in household consumption, which surged 5.3% compared to 4.1% in Q3. In contrast, government spending grew at a slower pace of 1.8% (vs. 5.0% in Q3), while fixed investment contracted by 1.5%, marking the third consecutive quarter of decline. Net trade also weighed on GDP, as exports fell by 1.4% while imports increased by 2.2%. On a quarterly basis, Bulgaria's GDP expanded by 0.9%, outpacing the 0.8% growth recorded in the previous quarter.