Bulgaria’s economy grew by 0.7 per cent in the third quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI) on December 5, in line with last month’s NSI flash estimate.
Compared to the same period of 2024, Bulgaria’s economy grew by 3.2 per cent in the third quarter, also matching the projected figure in the NSI flash estimate.
In real terms, gross domestic product (GDP) in July-September was 62.66 billion leva, or 32.04 billion euro, NSI said.
NSI’s seasonally-adjusted preliminary data showed domestic consumption rose by 1.5 per cent during the third quarter, and was 7.9 per cent higher on an annual basis. Gross fixed capital formation increased by 7.6 per cent in July-September, and it was 10.9 per cent higher compared to the third quarter of 2024.
Exports in the third quarter were 1.3 per cent lower, while imports rose by 3.6 per cent, with the trade balance showing a deficit of 644.5 million leva, or one per cent of GDP. Compared to the third quarter of last year, exports were down 5.6 per cent and imports were 4.1 per cent higher.
Bulgaria’s growth target for 2025 is 2.8 per cent, while the European Commission projected three per cent growth for Bulgaria’s economy this year, in the autumn forecast issued in last month.
Source: https://sofiaglobe.com/
