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During 2009, the grim forecasts for the effects of the Great Recession on the Bulgarian economy largely materialized. Although suffering less than the worst-hit countries, Bulgaria recorded its worst economic results since the 1997 meltdown. GDP shrank by around 5% and unemployment jumped.
Apr 10, 2024 · Bulgaria is an upper-middle-income economy that joined the EU in 2007, but still lags behind in terms of GDP per capita and convergence. The World Bank provides data, research and policy advice to support Bulgaria's reforms and development.
An open economy with a large manufacturing sector integrated in global value chains, Bulgaria has made strong income gains in the past two decades. A sound macroeconomic framework and deepening integration with the European Union have allowed progress towards euro area entry.
Apr 4, 2023 · Find the latest OECD reports and data on the Bulgarian economy, including outlook, policy and reforms. Learn about the challenges and opportunities for growth, competitiveness and resilience in Bulgaria.
May 15, 2024 · The latest macroeconomic forecast for Bulgaria by the European Commission, updated in February 2024. It projects a delayed rebound in growth amid faster easing of inflation, with domestic demand as the main driver.
The COVID-19 pandemic has put a break on Bulgaria’s robust economic performance. Following 3.7 percent growth in 2019, real GDP is estimated to have contracted by 4.6 percent in 2020 as a result of the lockdown at the outset of the crisis and a second wave
Bulgaria’s robust recovery has slowed. Bulgaria's economy performed well in 2022 with real GDP growth reaching 3.4% on the back of increased household consumption and exports including electricity, while gross fixed capital formation remained subdued.
