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. 2014-04-18

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 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 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 Inflation Rate MoM at -0.20 Percent  
The Consumer Price Index in Bulgaria decreased 0.20 percent in March of 2014 over the previous month. Inflation Rate Mom in Bulgaria is reported by the Republic of Bulgaria National Statistic Institute.
Bulgaria Inflation Rate at -2.30 Percent  
The inflation rate in Bulgaria was recorded at -2.30 percent in March of 2014. Inflation Rate in Bulgaria is reported by the National Statistical Institute, Bulgaria.
Bulgaria Money Supply M3 at 67601.90 BGN Million  
Money Supply M3 in Bulgaria decreased to 67601.90 BGN Million in February of 2014 from 67652.50 BGN Million in January of 2014. Money Supply M3 in Bulgaria is reported by the Bulgarian National Bank.
Bulgaria Producer Prices at 112.10 Index Points  
Producer Prices in Bulgaria decreased to 112.10 Index Points in February of 2014 from 112.20 Index Points in January of 2014. Producer Prices in Bulgaria is reported by the National Statistical Institute, Bulgaria.
Bulgaria Remittances at 201.00 EUR Million  
Remittances in Bulgaria decreased to 201 EUR Million in the third quarter of 2013 from 223 EUR Million in the second quarter of 2013. Remittances in Bulgaria is reported by the Eurostat.
Bulgaria Tourist Arrivals at 4913773.00  
Tourist Arrivals in Bulgaria increased to 4913773 in 2013 from 4622710 in 2012. Tourist Arrivals in Bulgaria is reported by the National Statistical Institute of Bulgaria.
Bulgaria Average Monthly Wages at 846.00 BGN  
Wages in Bulgaria increased to 846 BGN in December of 2013 from 818 BGN in November of 2013. Wages in Bulgaria is reported by the National Statistical Institute, Bulgaria.
Bulgaria Youth Unemployment Rate at 28.40 Percent  
Youth Unemployment Rate in Bulgaria remained unchanged at 28.40 percent in February of 2014 from 28.40 percent in January of 2014. Youth Unemployment Rate in Bulgaria is reported by the Eurostat.
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