Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria's GDP growth accelerates in the first quarter of 2024

Photo: Ani Petrova, BNR

In the first quarter of 2024, the country’s real GDP growth is expected to accelerate, which is a prerequisite for similar annual dynamics, the Bulgarian National Bank said in its regular economic review.

The GDP growth is mainly due to the data on the improvement of consumer confidence, the positioning of the global Purchasing Managers' Index (PMI) above the neutral threshold of 50 points, the increase in the indices of production in construction, retail trade and services in real terms, as well as the increase in loans to households and firms.

In the second and third quarter of 2024, real GDP is expected to continue growing, primarily supported by domestic demand and improved prospects for external demand for Bulgarian goods and services.

The BNB forecasts a continued slowdown in annual inflation, but strong consumer demand and rising labour costs will continue to exert inflationary pressures.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria’s Minister of Finance proposes that December 31 and January 2 be declared non-working days due to euro changeover

For the first time, Bulgaria’s Minister of Finance Temenuzhka Petkova took part as an observer in the regular meeting of the Eurogroup held in Luxembourg, the Ministry of Finance said. Until now, Bulgaria has only participated in Eurogroup..

published on 10/10/25 10:30 AM

Climate disasters have "eaten up" 1% of the Bulgarian economy in 2025

Since the beginning of the current year, Bulgaria has experienced record heat waves, a series of devastating fires, and a new disaster just days ago – catastrophic floods that claimed human lives . Climate change already has its price – and it is..

published on 10/9/25 1:10 PM
Christophe Hansen

Bulgarian farmers set to receive new aid exceeding EUR 7 million

Bulgaria will receive EUR 7.4 million in aid from the European Commission to support farmers affected by adverse production conditions in recent months,  European Commissioner for Agriculture and Food Christophe Hansen told BTA and clarified that the..

published on 10/8/25 10:23 AM