Bulgaria's GDP shrank 5.2 percent from a year earlier in the third quarter of 2020, in line with the preliminary estimate and following an upwardly revised 8.6 percent plunge in the previous period. It was the second consecutive contraction, although at a softer pace, amid the pandemic crisis. Fixed investment continued to drop (-6.4 percent vs -10.9 percent in Q2) and net external demand contributed negatively to the GDP as exports slumped 20.8 percent (vs -18.4 percent in Q2) while imports fell at a softer 4.3 percent (vs -19.7 percent in Q2). On the other hand, final consumption rebounded (2.7 percent vs -0.3 percent). On a quarterly basis, the country’s GDP grew 4.3 percent, matching an earlier estimate and recovering from a record 10.1 percent contraction in the prior period. source: National Statistical Institute, Bulgaria
GDP Annual Growth Rate in Bulgaria averaged 2.81 percent from 1996 until 2020, reaching an all time high of 17.20 percent in the first quarter of 1998 and a record low of -14 percent in the third quarter of 1996. This page provides - Bulgaria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
GDP Annual Growth Rate in Bulgaria is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Bulgaria to stand at 6.50 in 12 months time. In the long-term, the Bulgaria GDP Annual Growth Rate is projected to trend around 4.20 percent in 2021 and 3.20 percent in 2022, according to our econometric models.