Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

In the second quarter of 2022, economic growth is below 1%

Photo: BGNES

Bulgarian economy grew by 0.8% in the second quarter of the year compared to the first three months, according to preliminary data from the National Statistical Institute. On a year-on-year basis, growth was 4%.


The largest contributor to the growth of Gross Value Added in the country is the manufacturing sector, where growth was 11.9%. Growth of 5.6 per cent was also recorded in telecommunications and information generation and dissemination. Services and trade also grew by 4.7 per cent.


According to preliminary data, in the second quarter of 2022, GDP output amounted to EUR 19.9 billion, with EUR 2,918 per capita.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Political instability is a major challenge for German investors in Bulgaria

The German economy has been shrinking and the government expects a decline of 0.2% of GDP. Some of the main reasons for this include unresolved structural problems related to lack of energy security, excessive bureaucracy and shortage..

published on 10/24/24 9:15 AM

Experts about Bulgaria’s financial policy as the country edges towards a new parliament and a draft budget for 2025

After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..

updated on 10/23/24 12:52 PM

IMF predicts 2.8 per cent inflation in Bulgaria in 2024

Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..

published on 10/22/24 6:44 PM