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. The Trading Economics Application Programming Interface (API) provides direct access to our data. 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). GDP growth (annual %) - Bulgaria. The Trading Economics Application Programming Interface (API) provides direct access to our data. TEForecast Considering full 2019, the GDP grew 3.4 percent compared with 2018. 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. SA, WDA 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. 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. Slower increases were seen in household consumption (3.7 percent vs 6.4 percent in Q4); government spending (4.1 percent vs 5.3 percent) and fixed investment (1.2 percent vs 3 percent). 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). Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. 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. 1997-2020 Data | 2021-2022 Forecast | Calendar | Historical Bulgaria is one of the lowest income member states of the European Union to which it belongs since 2007.
Share of economic sectors in the GDP in Bulgaria 2008-2018. 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. World Bank national accounts data, and OECD National Accounts data files. The main sectors of Bulgarian economy are services (59 percent of total GDP), followed by industry (24 percent) and agriculture (5 percent). 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'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. 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 preceding quarter. It was the lowest GDP growth since Q2 2018, as government expenditure slowed (5.3 percent vs 7.4 percent in Q3) and net foreign demand contributed negatively to growth, with exports dropping 0.4 percent (vs 4.2 percent) and imports decreasing at a softer 0.2 percent (vs 5.5 percent). 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).