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||1996 - 2015
Bulgaria entered the EU in 2007 and averaged more than 6 percent annual growth from 2004 to 2008, driven by significant amounts of bank lending, consumption and foreign direct investment. However, GDP contracted by 4.2 percent in 2009, and has been slow to recover in the years since grew by only 1.6 percent in 2014 as a contraction in exports and a slowdown in public spending dragged the expansion down. 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). Exports of goods and services account for 65 percent of GDP while imports account for 66 percent, subtracting 1 percent of total GDP. This page provides - Bulgaria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Bulgaria GDP Annual Growth Rate - was last refreshed on Thursday, November 26, 2015.