{"id":13025,"date":"2022-02-14T14:03:14","date_gmt":"2022-02-14T14:03:14","guid":{"rendered":"https:\/\/sr-management.bg\/record-growth-of-the-bulgarian-economy-for-2021\/"},"modified":"2022-02-14T14:03:14","modified_gmt":"2022-02-14T14:03:14","slug":"record-growth-of-the-bulgarian-economy-for-2021","status":"publish","type":"post","link":"https:\/\/sr-management.bg\/he\/record-growth-of-the-bulgarian-economy-for-2021\/","title":{"rendered":"Record Growth of the Bulgarian Economy for 2021"},"content":{"rendered":"<p>The new data from the National Statistical Institute (NSI) on several main economic indicators are extremely positive. From them, it can be concluded that the Bulgarian\u00a0<b>economy<\/b>\u00a0has already overcome the crisis related to the coronavirus and is entering a period of economic growth.<\/p>\n<p>This can be seen in a very definite way both in the data on the exports of our country and in the data on the industrial production in our country. Leading economic analysts Lachezar Bogdanov and Georgi Angelov published extremely curious charts.<\/p>\n<p><em><strong>Industrial production, 2000-2021<\/strong><\/em><br \/>\n<em><strong>seasonally adjusted data, 2015 = 100<\/strong><\/em><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-10055\" src=\"https:\/\/sr-management.bg\/wp-content\/uploads\/2022\/02\/path_4057.jpg\" alt=\"bulgarian economy growth \" width=\"650\" height=\"353\" srcset=\"https:\/\/sr-management.bg\/wp-content\/uploads\/2022\/02\/path_4057.jpg 650w, https:\/\/sr-management.bg\/wp-content\/uploads\/2022\/02\/path_4057-300x163.jpg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/p>\n<p><em><strong>Exports of goods by months, 2007-2021<\/strong><\/em><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-10061\" src=\"https:\/\/sr-management.bg\/wp-content\/uploads\/2022\/02\/path_4058.jpg\" alt=\"\" width=\"650\" height=\"475\" srcset=\"https:\/\/sr-management.bg\/wp-content\/uploads\/2022\/02\/path_4058.jpg 650w, https:\/\/sr-management.bg\/wp-content\/uploads\/2022\/02\/path_4058-300x219.jpg 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>Export figures should finally close the hysterical talk of a \u201ccrisis\u201d &#8211; 2021 is an absolute historical record:<\/p>\n<p>For December the\u00a0<b>growth<\/b>\u00a0on an annual basis is 32.5%;<\/p>\n<p>For the fourth quarter the\u00a0<b>growth<\/b>\u00a0is nearly 27% and reaches BGN 18.2 billion;<\/p>\n<p>For the whole of 2021, exports are 68 billion levs &#8211; 24% above the level of 2020, but as much as 16.2% above the level of pre-crisis 2019;<\/p>\n<p><em>\u201cThe trend can be clearly seen from the data on the\u00a0<b>industry<\/b>\u00a0&#8211; annual\u00a0<b>growth<\/b>\u00a0of the index of industrial production of 14.3% for December and historically the highest value of the index,\u201d<\/em>\u00a0Lachezar Bogdanov wrote on Facebook.<\/p>\n<p>According to him, it is time to stop subsidies, conveniently justified by the pandemic, and it\u2019s time policies to be focused on investment, productivity, structural change and growth.<\/p>\n<p>His colleague Georgi Angelov also stressed that the NSI data are much better than the most optimistic economic forecasts.<\/p>\n<p>In December, industrial production grew by 14.3% in real terms, and the industrial production index reached its highest level since data.\u00a0<b>Bulgaria<\/b>&#8216;s\u00a0<b>industry<\/b>\u00a0has not just recovered to pre-crisis levels &#8211; it clearly exceeds them, the economist said.<\/p>\n<p>In nominal terms, with accumulated inflation, the\u00a0<b>growth<\/b>\u00a0of industrial turnover is 59.9%.<\/p>\n<p>According to NSI data, on an annual basis\u00a0<b>growth<\/b>\u00a0of industrial production, calculated from the calendar adjusted data, was reported in the production and distribution of electricity and heat and gas &#8211; by 37.0%, in mining and quarrying &#8211; by 21.4%, and in manufacturing &#8211; by 8.9%. %.<\/p>\n<p>Significant\u00a0<b>growth<\/b>\u00a0in manufacturing compared to the corresponding month of the previous year was observed in: manufacture, not elsewhere classified &#8211; by 111.4%, manufacture of vehicles, except automobiles &#8211; by 68.6%, repair and installation of machinery and equipment &#8211; by 29.0%, manufacture of machinery and equipment \u2013 with 29,0%, manufacturing of textiles and textile products, except clothing &#8211; by 28.2%.<\/p>\n<p>The largest decrease was reported in: manufacture of tobacco products &#8211; by 31.3%, manufacture of beverages &#8211; by 17.7%, manufacture of motor vehicles, trailers and semi-trailers &#8211; by 9.6%.<\/p>\n<p>Source: https:\/\/www.novinite.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new data from the National Statistical Institute (NSI) on several main economic indicators are extremely positive. From them, it&#8230;<\/p>\n","protected":false},"author":1,"featured_media":12041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[209,210,269,241],"tags":[211,212,230],"class_list":{"0":"post-13025","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sr-blog-bulgaria-news-he","8":"category-bulgarian-economy-he","9":"category-business-he","10":"category-business-in-bulgaria-he","11":"tag-bulgaria-economic-growth-he","12":"tag-bulgarian-economy-he","13":"tag-economy-he"},"_links":{"self":[{"href":"https:\/\/sr-management.bg\/he\/wp-json\/wp\/v2\/posts\/13025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sr-management.bg\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sr-management.bg\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sr-management.bg\/he\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sr-management.bg\/he\/wp-json\/wp\/v2\/comments?post=13025"}],"version-history":[{"count":0,"href":"https:\/\/sr-management.bg\/he\/wp-json\/wp\/v2\/posts\/13025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sr-management.bg\/he\/wp-json\/wp\/v2\/media\/12041"}],"wp:attachment":[{"href":"https:\/\/sr-management.bg\/he\/wp-json\/wp\/v2\/media?parent=13025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sr-management.bg\/he\/wp-json\/wp\/v2\/categories?post=13025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sr-management.bg\/he\/wp-json\/wp\/v2\/tags?post=13025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}