Bulgaria’s GDP grew 0.8 percent on quarter in the three months to September 2019, slowing from a 0.9 percent advance in the previous period but above a preliminary reading of 0.7 percent, final estimates showed. Still, it was the lowest GDP growth rate since Q1 2018, mainly due to a slowdown in households consumption (0.3 percent vs 1.7 percent in Q2). On a yearly basis, the GDP expanded 3.7 percent, down from a 3.8 percent rise in Q2 and in line with flash estimates. GDP Growth Rate in Bulgaria averaged 0.99 percent from 1997 until 2019, reaching an all time high of 13.40 percent in the fourth quarter of 1997 and a record low of -7.70 percent in the first quarter of 1998. source: National Statistical Institute, Bulgaria
GDP Growth Rate in Bulgaria is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Bulgaria to stand at 0.80 in 12 months time. In the long-term, the Bulgaria GDP Growth Rate is projected to trend around 0.70 percent in 2020, according to our econometric models.