Bulgaria GDP Growth Rate

The Gross Domestic Product (GDP) in Bulgaria expanded 0.30 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Bulgaria is reported by the National Statistical Institute, Bulgaria. GDP Growth Rate in Bulgaria averaged 0.96 Percent from 1997 until 2013, 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 is one of the lowest income member states of the European Union to which it belongs since 2007. In recent years the country has experienced a fast economic growth. Yet, corruption and a weak judicial system stand on the way of future expansion. The main sectors of Bulgarian economy are industry and agriculture [update]. Bulgaria produces a significant amount of manufactures and raw materials (iron, copper, gold, bismuth, coal), electronics, refined petroleum fuels, vehicle components, weapons and construction materials. This page provides - Bulgaria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.30 0.50 13.40 -7.70 0.16 | 2014/06 1997 - 2013 Percent Quarterly

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Bulgaria GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-14 09:00 AM Bulgaria
GDP Growth Rate QoQ - P.
Q3 2013 0.6% -0.1% -0.69%
2013-12-04 09:00 AM Bulgaria
GDP Growth Rate QoQ - Final
Q3 2013 0.5% -0.1% 0.60%
2014-02-14 09:00 AM Bulgaria
GDP Growth Rate QoQ Flash
Q4 2013 0.7% 0.4%
2014-03-05 10:30 AM Bulgaria
GDP Growth Rate QoQ - 2 Est
Q4 2013 0.3% 0.5% (R) 0.7% 0.7%
2014-05-15 09:00 AM Bulgaria
GDP Growth Rate QoQ Flash
Q1 2014 0.3% 0.38%
2014-06-04 09:00 AM Bulgaria
GDP Growth Rate QoQ - 2 Est
Q1 2014
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GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 4634.63 2012-12-31 4570.51 4634.63 2217.62 4777.84 2014-06-30 USD [+]
GDP per capita PPP 12177.82 2012-12-31 12009.33 12177.82 5826.95 12554.12 2014-06-30 USD [+]
GDP 51.03 2012-12-31 53.51 53.51 8.90 51.17 2014-06-30 USD Billion [+]
Gdp Constant Prices 21629.06 2013-11-15 21808.14 21808.14 157.83 22146.63 2014-06-30 BGN Million [+]
GDP Growth Rate 0.30 2013-12-31 0.50 13.40 -7.70 0.16 2014-06-30 Percent [+]
GDP Annual Growth Rate 1.20 2013-12-31 1.00 17.20 -14.00 2.79 2014-06-30 Percent [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Bulgaria Balance of Trade at -391.30 Million BGL  
Bulgaria recorded a trade deficit of 391.30 Million BGL in February of 2014. Balance of Trade in Bulgaria is reported by the National Statistical Institute, Bulgaria.
Bulgaria Current Account at -107.30 EUR Million  
Bulgaria recorded a Current Account deficit of 107.30 EUR Million in February of 2014. Current Account in Bulgaria is reported by the Bulgarian National Bank.
Bulgaria Capital Flows at 267.50 EUR Million  
Capital Flows in Bulgaria increased to 267.50 EUR Million in February of 2014 from 187.60 EUR Million in January of 2014. Capital Flows in Bulgaria is reported by the Bulgarian National Bank.
Bulgaria Capacity Utilization at 68.00 Percent  
Capacity Utilization in Bulgaria increased to 68 percent in the first quarter of 2014 from 67.70 percent in the fourth quarter of 2013. Capacity Utilization in Bulgaria is reported by the European Commission.
Bulgaria Consumer Confidence at -34.80  
Consumer Confidence in Bulgaria increased to -34.80 in the first quarter of 2014 from -40.70 in the fourth quarter of 2013. Consumer Confidence in Bulgaria is reported by the National Statistical Institute, Bulgaria.
Bulgaria Changes in Inventories at 112.33 BGN Million  
Changes in Inventories in Bulgaria increased to 112.33 BGN Million in the fourth quarter of 2013 from 36.27 BGN Million in the third quarter of 2013. Changes in Inventories in Bulgaria is reported by the National Statistical Institute, Bulgaria.
Bulgaria Construction Output at 5.40 Percent  
Construction output in Bulgaria increased 5.40 percent in February of 2014 over the same month in the previous year. Construction Output in Bulgaria is reported by the Eurostat.
Bulgaria Consumer Price Index (CPI) at 6561.09 Index Points  
Consumer Price Index (CPI) in Bulgaria decreased to 6561.09 Index Points in March of 2014 from 6576.41 Index Points in February of 2014. Consumer Price Index (CPI) in Bulgaria is reported by the National Statistical Institute, Bulgaria.
Bulgaria Employed Persons at 2931.60 Thousand  
The number of employed persons in Bulgaria decreased to 2931.60 Thousand in the fourth quarter of 2013 from 3012.90 Thousand in the third quarter of 2013. Employed Persons in Bulgaria is reported by the National Statistical Institute, Bulgaria.
Bulgaria Exports at 3221.60 Million BGL  
Exports in Bulgaria increased to 3221.60 Million BGL in February of 2014 from 3099.60 Million BGL in January of 2014. Exports in Bulgaria is reported by the National Statistical Institute, Bulgaria.
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