Bulgaria GDP Annual Growth Rate

Last Release

Dec 31, 2023

Actual

1.65

Units In

1.76

Frequency

Quarterly

Next Release

Jun 07, 2024

Time to Release

2 Months 6 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
13 Dec 2000	-17.2 Mar 1997	1.79 %	1996-2023	N/A

In Bulgaria, 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.

Latest Updates

The Bulgarian economy rose 1.6% year-on-year in the fourth quarter of 2023, matching the previous estimate, and following a 1.8% expansion in the previous three-month period. It marked the slowest pace of economic growth since the fourth quarter of 2020, as final consumption eased (2.6% vs 4.1% in Q3), as well as gross fixed capital formation (3.7% vs 5.5%). As for external demand, exports fell at a slower pace (-1.9% vs -3.1%), similarly to imports (-4.4% vs -6.9%).