The Gross Domestic Product (GDP) in Bulgaria expanded 0.90 percent in the first quarter of 2017 over the previous quarter. GDP Growth Rate in Bulgaria averaged 0.98 percent from 1997 until 2017, reaching an all time high of 13.40 percent in the fourth quarter of 1997 and a record low of -7.70 percent in the first quarter of 1998. Bulgaria is one of the lowest income member states of the European Union to which it belongs since 2007. The main sectors of Bulgarian economy are services (59 percent of total GDP), followed by industry (24 percent) and agriculture (5 percent). Bulgaria produces a significant amount of manufactures and raw materials (iron, copper, gold, bismuth, coal), electronics, refined petroleum fuels, vehicle components, weapons and construction materials. On the expenditure side, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (17 percent). Exports of goods and services account for 65 percent of GDP while imports account for 66 percent, subtracting 1 percent of total GDP. This page provides – Bulgaria GDP Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.
June 07, 2017 at 01:04PM
from National Statistical Institute, Bulgaria
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