Bulgaria's GDP shrank 10 percent on quarter in the three months to June of 2020, more than preliminary estimates of a 9.8 percent contractions and following a 0.3 percent expansion. This was the deepest quarterly GDP contraction on record amid efforts to contain the rapid spread of COVID-19. On a yearly basis, the economy shrank 8.5 percent, the most since the last quarter of 1996.
GDP Growth Rate in Bulgaria averaged 0.86 percent from 1997 until 2020, reaching an all time high of 13.40 percent in the fourth quarter of 1997 and a record low of -10 percent in the second quarter of 2020. This page provides - Bulgaria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: National Statistical Institute, Bulgaria
GDP Growth Rate in Bulgaria is expected to be -0.30 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 3.10 in 12 months time. In the long-term, the Bulgaria GDP Growth Rate is projected to trend around 3.30 percent in 2021 and 1.00 percent in 2022, according to our econometric models.