Bulgarian economy grew by 0.8% in Q4 2024 – flash estimate
Bulgaria’s economy grew by 0.8 per cent in the fourth quarter of last year, the National Statistical Institute (NSI) said in a flash estimate on February 14. In real terms, gross domestic product (GDP) in Bulgaria in October-December 2024 was 57.19 billion leva, or 29.24 billion euro.
In annual terms, the economic growth in the fourth quarter was 3.1 per cent, compared to the same period of 2023. NSI is due to announce preliminary growth figures for the quarter and the full year 2024 on March 7.
The flash estimate’s seasonally-adjusted data showed domestic consumption rise by 1.3 per cent during the fourth quarter, and it was 5.8 per cent higher on an annual basis. NSI said that domestic consumption was the main driver of economic growth in the fourth quarter.
Gross fixed capital formation increased by 0.9 per cent compared to the previous quarter and was 0.7 per cent higher than in the fourth quarter of 2023.
Exports shrank by 0.6 per cent compared to the third quarter and were 3.2 per cent lower compared to the same period of 2023, while imports rose by 0.7 per cent on a quarterly basis and were 1.2 per cent higher year-on-year.
Bulgaria recorded a trade deficit of 1.69 billion leva in October-December, the equivalent of 2.9 per cent of GDP, NSI said.
(Photo: Steve Ford/sxc.hu)
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