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

Bulgaria and North Macedonia reaffirm their commitment to continue the construction of Railway Corridor No. 8

In Brussels, Bulgaria and North Macedonia reaffirmed their commitment to continue the construction of Railway Corridor No. 8 under the TEN-T Regulation, reported the European Commission’s Directorate General for Neighborhood Policy and Enlargement..

published on 10/17/24 8:40 AM

Caretaker Minister of Innovation and Growth Rosen Karadimov

A Taiwanese technology giant wants to build a factory near Plovdiv

A Taiwanese technology giant is negotiating to build a large production facility on the territory of the Trakia Economic Zone near Plovdiv, announced caretaker Minister of Innovation and Growth Rosen Karadimov. He was briefed with the progress of the..

published on 10/16/24 6:14 PM

Susumu Kataoka, president of Japan External Trade Organization

Japanese-Bulgarian business forum is being held in Sofia

A Japanese-Bulgarian business forum is being held in Sofia, organized jointly by the Japan External Trade Organization (JETRO ) and the Bulgaria Invest Agency . "I am leading a delegation of a hundred people, a fact that speaks volumes about..

published on 10/15/24 12:11 PM