2026.02.1309:15:57UTC+00Bulgaria Q4 GDP Growth at Over 1-Year Low

Bulgaria’s economy expanded by 2.9% year-on-year in the fourth quarter of 2025, easing from a downwardly revised 3.1% in the previous quarter, according to preliminary estimates. This was the slowest growth rate since the third quarter of 2024, as net external demand continued to drag on overall performance. Exports of goods and services remained in negative territory, though the decline was marginal compared with the previous quarter (-0.1% vs -5.4% in Q3), while imports accelerated sharply (9.5% vs 4.2%). At the same time, growth in final consumption moderated to 7.2%, down from 7.9% in Q3. In contrast, gross fixed capital formation strengthened further, rising to 10.1% from 9.3%. On a quarterly basis, GDP increased by 0.8% in Q4, slightly above the 0.7% expansion recorded in the third quarter.