In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported.
The chairman of the institute, Atanas Atanasov, explained that the change comes after the revision of all data for five years and this is done regularly in all EU countries. The next benchmark revision will be in 2029. According to preliminary data published on March 8, 2024, GDP was obtained only as a sum of quarterly data, Dr. Svilen Kolev, vice-president of the institute pointed out. In 2023, GDP was over 93.6 billion euros. According to the updated data, GDP increased by more than 753 million euros.
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After months of low inflation and even temporary deflation in April this year, according to official national statistics, the trend..
The lack of sufficient manpower and strong private consumption are the main reasons for inflation, according to the second "Economic Review" of the..
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