Text size

Increased exports and consumption in first quarter of 2021 increase GDP by 2.5%

published on 5/18/21 11:59 AM

Photo: Library

The Bulgarian economy grew in the first quarter of 2021 by 2.5% compared to the last quarter of 2020, when a growth of 2.2% was also registered, the National Statistical Institute has announced.

Bulgaria's GDP still remains 1.8 percent lower, compared to the same period in 2020, when the country had not yet been hit by pandemic restrictions. In 2020, Bulgaria's GDP shrank by 8.6%, which is the largest economic decline registered since the 1997 crisis.

In the first quarter of 2021, the country's GDP amounted to over 13.5 billion euros. The economic growth in 2021 is due to the increase in exports of goods and services by 6.5% and final consumption by 1.6 percent.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy consumption economic growth exports GDP goods National Statistical Institute services

More from category

Property prices in Sofia rise 25.5% in a year

The average price of apartments sold in Sofia in the third quarter of 2025 reached €2,310 per square metre , marking an annual increase of 25.5%, according to data from Bulgarian Properties. While new developments remain popular, limited supply and..

published on 11/26/25 4:36 PM

Natural gas prices to fall by over 4% in December

Natural gas prices in Bulgaria are set to fall by just over 4% in December , significantly higher than the previously forecast 1% drop, according to calculations by state-owned supplier Bulgargaz, reported BNR correspondent Yuliyana Kornazheva. This..

published on 11/26/25 2:22 PM

IMF assesses Bulgaria's near-term growth outlook as positive

The Executive Board of the International Monetary Fund (IMF) has concluded the 2025 Article IV Consultation with Bulgaria. According to the IMF’s procedure for assessments and recommendations, domestic demand is driving a robust expansion of the..

published on 11/25/25 10:18 AM