In the first quarter of 2024, the gross domestic product (GDP) grew by 1.8% compared to the same period in 2023. The first forecasts were for a growth of 1.7%, according to data of the National Statistical Institute.
The GDP produced was 21.76 billion euros or 3,379 euros per capita. 80.6% of GDP is spent on final consumption. Investments form 14.2% of GDP. The foreign trade balance of goods and services is positive. Final consumption in the country for the period increased by 3.4% and actually formed the economic growth. Exports of goods and services decreased by 2.1%, and imports of goods and services decreased by 3.7%.
Preliminary data from the National Statistical Institute (NSI) shows a 1.3% increase in employment from March to June 2025, reaching 2.38 million. The hotel and restaurant sector had the largest increase in employment (24.8%), followed by real estate..
The lack of sufficient manpower and strong private consumption are the main reasons for inflation, according to the second "Economic Review" of the Bulgarian National Bank (BNB) for the year. Annual inflation is 2.9%, increasing by 2.1% by May 2025..
After months of low inflation and even temporary deflation in April this year, according to official national statistics, the trend abruptly reversed. On July 15, literally days after Bulgaria received a green light from Brussels for..
Preliminary data from the National Statistical Institute (NSI) shows a 1.3% increase in employment from March to June 2025, reaching 2.38 million. The..
Clear