Bulgaria's GDP in 2011 was EUR 38.5 B, which means a 1.7% growth as compared with 2010, the country's National Statistical Institute has informed.

The country's GDP per capita was EUR 5 168.7 in 2011.

In the fourth quarter of the year, GDP increased by 1.6% year on year, faster than the 1.5 percent growth estimated in the preliminary reports.

Gross domestic product increased a seasonally adjusted 0.3 percent sequentially in the fourth quarter, slower than the 0.4 percent growth estimated earlier.

Domestic consumption expenditure rose 0.3 percent sequentially in the fourth quarter, while public consumption dropped 0.1 percent.

In February, EU estimated Bulgaria's 2011 GDP growth at 1.8%, after the 0.2% growth in 2010. The European Commission predicted a 1.4% growth in 2012.

At the end of 2011, Bulgaria's Finance Minister Simeon Djankov announced that the 3.7% economic growth projected in the 2012 State Budget Act was too optimistic and the Bulgarian government lowered its forecast to 2.3.%.

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