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.

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Bulgaria GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.90 13.40 -7.70 1997 - 2019 percent Quarterly
SA, WDA


Calendar GMT Actual Previous Consensus TEForecast
2019-08-14 08:00 AM GDP Growth Rate QoQ Prel Q2 0.6% 1.2% 0.8%
2019-09-05 08:00 AM GDP Growth Rate QoQ Final Q2 0.8% 1.2% 0.6%
2019-11-14 09:00 AM GDP Growth Rate QoQ Prel Q3 0.7% 0.9% 0.8%
2019-12-05 09:00 AM GDP Growth Rate QoQ Final Q3 0.8% 0.9% 0.7%
2020-02-14 09:00 AM GDP Growth Rate QoQ Prel Q4 0.8%


Bulgaria GDP Growth Rate
Bulgaria is one of the lowest income member states of the European Union to which it belongs since 2007. The main sectors of Bulgarian economy are services (59 percent of total GDP), followed by industry (24 percent) and agriculture (5 percent). On the expenditure side, 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.

Bulgaria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.90 13.40 -7.70 percent [+]
GDP Annual Growth Rate 3.70 3.80 17.20 -14.00 percent [+]
GDP 65.13 58.22 65.13 9.70 USD Billion [+]
GDP Constant Prices 27825.07 25150.25 27825.07 209.23 BGN Million [+]
Gross Fixed Capital Formation 4747.32 5307.84 7556.58 644.39 BGN Million [+]
GDP per capita 8651.10 8331.20 8651.10 3223.81 USD [+]
GDP per capita PPP 19320.76 18606.22 19320.76 8001.70 USD [+]
GDP From Agriculture 1669.59 884.90 1938.55 9.99 BGN Million [+]
GDP From Construction 1445.80 1211.33 1801.13 3.40 BGN Million [+]
GDP From Manufacturing 5940.19 5544.87 5940.19 30.78 BGN Million [+]
GDP From Public Administration 3474.30 4038.58 4038.58 9.17 BGN Million [+]
GDP From Services 6187.33 5583.13 6900.26 18.12 BGN Million [+]