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Bulgaria GDP Annual Growth Rate

Bulgaria's GDP annual growth rate rose to 2.81% in 2024, up from 1.89% in 2023, according to World Bank. This represents an increase of 0.92% from the previous year. Bulgaria has GDP annual growth rate lower than the global median (2.81% vs median 3.24%). Compared with the median in Europe, Bulgaria is higher (2.81% vs regional median 2.10%) and ranks 18th out of 47 countries in Europe.

Bulgaria's real GDP rose to $65.02 billion in 2024, up from $63.25 billion in 2023.

Yearly Historical Data (1981-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 2.81%
2023 1.89%
2022 4.04%
2021 7.78%
2020 -3.22%
2019 3.79%
2018 2.55%
2017 2.75%
2016 3.03%
2015 3.4%
2014 0.95%
2013 -0.54%
2012 0.75%
2011 2.09%
2010 1.56%
2009 -3.35%
2008 6.13%
2007 6.65%
2006 6.8%
2005 7.06%
2004 6.51%
2003 5.24%
2002 5.87%
2001 3.82%
2000 4.59%
1999 -8.4%
1998 3.79%
1997 -14.12%
1996 5.21%
1995 2.86%
1994 1.82%
1993 -1.48%
1992 -7.27%
1991 -8.45%
1990 -9.12%
1989 -3.29%
1988 10.94%
1987 6.05%
1986 4.21%
1985 2.68%
1984 3.4%
1983 3.43%
1982 2.33%
1981 4.9%
Bulgaria GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Bulgaria's total economic output.
Indicator Last Value Prior Value Period
GDP $112.21B $102.4B 2024
GDP per Capita $10,089.92 $9,810.67 2024
GDP per Capita PPP $34,083.24 $33,139.94 2024
R&D Expenditure (% GDP) 0.75% 0.77% 2022
Real GDP $65.02B $63.25B 2024