On a quarterly basis, the economy expanded 0.3 percent, the least since the first quarter of 2014, compared to a 0.8 percent growth in the previous period. On a quarterly basis, the economy advanced 0.8 percent, accelerating from a downwardly revised 0.7 percent gain in Q3 and above earlier estimates of 0.7 percent. Bulgaria - GDP Economy defies coronavirus crisis and continues growing in Q1. Meanwhile, final consumption advanced faster (5.0 percent vs 4.9 percent) while net trade contributed positively to growth, with exports falling 1.5 percent and imports declining at a faster 2.7 percent. It was the weakest pace of expansion since the fourth quarter of 2018, dragged by a drop in gross fixed capital formation (-1.2 percent vs 1.8 percent in Q3). Reference Bulgaria's gross domestic product advanced by 2.4 percent year-on-year in the first quarter of 2020, following a 3.1 percent growth in the previous quarter and matching an earlier estimate. Bulgaria's gross domestic product advanced by 2.4 percent year-on-year in the first quarter of 2020, following a 3.1 percent growth in the previous quarter and matching an earlier estimate. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. GDP growth (annual %) - Bulgaria. Bulgaria's gross domestic product advanced by 2.4 percent year-on-year in the first quarter of 2020, following a 3.1 percent growth in the previous quarter, the preliminary estimate showed. SA, WDA Bulgaria's gross domestic product advanced 3.5 percent year-on-year in the last quarter of 2019, following a 3.7 percent growth in the previous quarter, the preliminary estimate showed. On the other hand, net trade contributed positively to growth, as exports rose 1.1 percent (vs -0.4 percent in Q4) while imports decreased 0.6 percent (vs -0.2 percent in Q4). Reference Meanwhile, net external demand contributed positively to growth as exports advanced 1.9 percent (vs -0.4 percent in Q4) while imports rose at a softer 1.2 percent (vs -0.2 percent). TEForecast The economy grew 2.4% in year-on-year calendar-adjusted terms in the first quarter of this year, matching the preliminary estimate and slowing from the previous quarter’s 3.1% expansion. 1997-2020 Data | 2021-2022 Forecast | Calendar | Historical It was the slowest pace of expansion since the third quarter of 2014, hampered by a decline in gross fixed capital formation (-5.3 percent vs -6.4 percent in Q4) and a slowdown in final consumption (4.1 percent vs 6.3 percent). Bulgaria's per-capita PPP GDP is still only about a half of the EU27 average, while the country's nominal GDP per capita is about 20% of the EU27 average It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. On the other hand, both household consumption (6.4 percent vs 5.5 percent) and fixed investment (3.0 percent vs 2.1 percent) rose faster. The Trading Economics Application Programming Interface (API) provides direct access to our data. Bulgaria Economic forecast for Bulgaria The Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). GDP Growth Rate in Bulgaria averaged 0.98 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 -7.70 percent in the first quarter of 1998. Bulgaria. Considering full 2019, the GDP grew 3.4 percent compared with 2018. Exports of goods and services account for 65 percent of GDP while imports account for 66 percent, subtracting 1 percent of total GDP. 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). From a political point of view, there is a trade-off between Bulgaria's economic growth and the stability required for early accession to the monetary union. Gross domestic product (GDP) growth rate in Bulgaria 2021. Share of economic sectors in the GDP in Bulgaria 2008-2018.

It was the weakest pace of expansion since the third quarter of 2014, mainly attributable to the Covid-19 blow. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

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