Bulgaria’s economy has been slowly recovering thanks to an 11.3% rise in exports. Bulgarian economy grew in the fourth quarter of 2020 by 2.1% compared to the third quarter, when it rose by 3.9%, according to an express assessment of the National Statistical Institute - NSI. Compared to the fourth quarter of 2019, however, GDP shrank by 3.8%. Final consumption has the largest share in GDP again - 80.4%.
The average income per household member in the fourth quarter of 2020 was 924 euros and increased by 2 percent compared to the same quarter of 2019, the NSI has reported. Expenditure during the same period was 861 euros, which is a rise of 0.7 percent.
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