Bulgaria's GDP shrank 3.8 percent from a year earlier in the final quarter of 2020, in line with the preliminary estimate and following a 5.2 percent drop in the previous period. It was the third consecutive contraction, although at a softer pace, amid the pandemic crisis. The contribution from net trade was less negative due to a smaller contraction of exports (-11.2 percent vs -20.8 percent), while imports also decreased (-0.8 percent vs -4.3 percent). Meanwhile, final consumption advanced at a slower pace (0.9 percent vs 2.7 percent) and fixed investment declined further (-7.4 percent vs -6.4 percent in Q3). On a quarterly basis, the country’s GDP grew 2.2 percent, slightly higher than an earlier estimate of 2.1 percent but slower than the 4.3 percent growth in the prior period. Considering full 2020, the economy retreated 4.2 percent, following a 3.4 percent expansion in 2019. source: National Statistical Institute, Bulgaria
GDP Annual Growth Rate in Bulgaria averaged 2.74 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 May of 2021.
GDP Annual Growth Rate in Bulgaria is expected to be -2.10 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 4.20 in 12 months time. In the long-term, the Bulgaria GDP Annual Growth Rate is projected to trend around 4.20 percent in 2022 and 3.20 percent in 2023, according to our econometric models.