Bulgaria's Tourism Struggles to Diversify Beyond Traditional Offerings
Bulgaria continues to lag behind neighboring countries in achieving significant growth in its tourism sector
Bulgaria's Economy Slightly Outperforms Initial Growth Forecasts
- Tweet
Send to Kindle
In the first quarter of 2024, Bulgaria's GDP grew by 1.8% compared to the same period in 2023, slightly surpassing the initial forecast of 1.7%, according to data from the National Statistical Institute. The GDP produced amounted to BGN 43.279 billion, or BGN 6722 per person.
Final consumption accounted for 80.6% of GDP, while investments, or gross formation in fixed capital, constituted 14.2%. The foreign trade balance of goods and services was positive. Growth was driven by a 3.4% increase in final consumption and a 7.9% rise in gross fixed capital formation. However, exports of goods and services decreased by 2.1%, and imports dropped by 3.7%.
The Treasury's spring forecast projected an annual growth of 3.2% for 2024.
Related Articles:
Bulgarians' Incomes Rise Sharply, But Spending Follows Close Behind
According to the latest figures from the National Statistical Institute, household incomes and expenses in Bulgaria continued their upward trajectory in 2024
Business | April 21, 2025, Monday // 23:00
Many Bulgarian Companies Freeze Hiring and Investment Amid US Customs Uncertainty
The newly introduced US customs policy is creating both confusion and opportunity for businesses
Business | April 21, 2025, Monday // 23:00
Bulgaria Sees Surge in Counterfeit 20-BGN Notes in Early 2025
In the first quarter of 2025, the 20-BGN banknote has overtaken the 100-BGN note as the most frequently counterfeited denomination in Bulgaria,
Mass Layoffs Continue Across Bulgaria in 2025
In the first three months of 2025, 16 companies filed 18 applications for mass layoff
Business | April 20, 2025, Sunday // 10:51
The Global Trade War Does Not Yet Impact Bulgarian Tourism
Despite the global escalation of the trade war, there have been no significant negative trends in Bulgaria’s tourism sector so far
Bulgaria Sees Surge in Counterfeit 20-BGN Notes in Early 2025
In the first quarter of 2025, the 20-BGN banknote has overtaken the 100-BGN note as the most frequently counterfeited denomination in Bulgaria,
Nearly 40% of Bulgarians Unable to Save, Indebtedness Rising
According to recent data from the Trend Research Center, shared during the "Personal Finance" event by Money.bg, 38% of Bulgarians are unable to set aside any savings
Should Bulgarians Start Exchanging Their Levs for Euros?
Bulgarians may begin exchanging their lev for euros if the upcoming convergence report
Here's When We'll Finally Know if Bulgaria Will Join the Eurozone
In July, Bulgaria’s eurozone entry plans will be definitively clarified
Bulgaria Achieves Inflation Target for Eurozone Entry, EC Set to Deliver Readiness Report Very Soon
Bulgaria has successfully met the price stability criterion required for entry into the eurozone
State Bank Head: Bulgaria in Strong Position to Join Eurozone Amid Global Uncertainty
Bulgaria is in a very strong initial position to join the eurozone
