Bulgaria GDP rebounds in Q2

Figures

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Bulgaria's gross domestic product (GDP) increased by 9.6% on an annual comparison basis in the second quarter of 2021, following a 1.8% decrease in the previous quarter, the Sofia-based National Statistical Institute (NSI) said on Tuesday.

It was the first growth in four quarters due to the low base effect from the pandemic shock last year and as the economy gradually recovers. Both final consumption (6.7% vs 3.1% in Q1) and gross fixed capital formation (4.2% vs 1%) grew faster.

Meanwhile, exports rebounded 20.3% (vs -5.9% in Q1) while imports advanced 28.6% (vs 1.9%). On a quarterly comparison basis, Bulgaria's GDP added 0.4% in the April-June period, after a 2.5% increase in the first quarter of the year, the statistics institute said in a flash estimate, quoting seasonally adjusted data. 

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