Bulgaria GDP Annual Growth Rate

Last Release

Jun 30, 2024

Actual

Units In

1.8

Frequency

Quarterly

Next Release

Dec 06, 2024

Time to Release

2 Months 28 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
13 Dec 2000	-17.2 Mar 1997	1.79 %	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

The Bulgarian economy expanded by 2.1% year-on-year in the second quarter of 2024, slightly higher than a 2% gain in the preliminary estimates and compared to an upwardly revised 1.9% rise in the previous three-month period. Net external demand contributed positively to the country's GDP, with exports falling at a slower pace (-0.3% vs -2.1% in Q1) and imports rebounding (4.9% vs -3.7%). Meanwhile, final consumption (3% vs 3.4%) grew at a slower pace, as well as gross fixed capital formation (3.6% vs 8.7%). On a quarterly basis, the GDP advanced by 0.5% in Q2 of 2024, matching the initial estimate and unchanged from an upwardly revised figure in the previous three-month period.