Text size

Preliminary NSI data put GDP growth at 1.8 per cent in 2023

Agriculture's relative share declines, while the industrial sector strengthens

published on 3/8/24 1:30 PM

Bulgaria's gross domestic product grew by 1.8 per cent to BGN 183.7 billion (EUR 93.9 billion) last year, according to preliminary data released by the National Statistical Institute. One person accounts for BGN 28 516 (EUR 14 580) of the total. According to the data, the gross value added amounts to 161.1 billion levs - 0.8% more than in 2022.

The relative share of agriculture in the value added of the economy was 3.5% last year - 0.9% less than in the previous year. The industrial sector accounted for 28.9% of the economy's value added, an increase of 0.3%. The services sector, on the other hand, grew from 67% to 67.6%.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy 1.8 per cent growth gdp NSI preliminary data

More from category

Bulgaria has met the Eurozone inflation standard in 2024

Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..

published on 1/15/25 11:50 AM

Unions and businesses protest against hike in industrial electricity prices

Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..

published on 1/9/25 1:13 PM

Eurozone entry could bring benefits for Bulgarian businesses and economy

Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..

published on 1/8/25 11:37 AM