Send to Kindle
In the second quarter of 2025, Bulgaria’s economy expanded by 3.1% year-on-year, while showing a 0.7% increase compared to the first quarter, according to data released by the National Statistical Institute (NSI). Gross value added in the same period rose by 2.5%, signaling sustained activity across the country’s main economic sectors.
Preliminary GDP estimates indicate that the quarter-on-quarter growth was driven primarily by a 0.9% increase in final consumption and a 0.6% rise in exports of goods. Final consumption remains the dominant component of Bulgaria’s GDP, accounting for 80% of the total, equivalent to 41,329 million leva (over 20 billion euros). Gross capital formation contributed 19.1% of GDP, totaling 9,896.6 million leva (nearly 5 billion euros). The foreign trade balance remained positive, supporting overall growth.
Seasonally adjusted data also point to a 0.6% expansion compared to the fourth quarter of 2024, reflecting steady economic momentum. For comparison, the first quarter of 2025 saw a similar year-on-year growth of 3.1%, reinforcing the consistency of Bulgaria’s recent economic performance.
In monetary terms, GDP in the first quarter of 2025 was estimated at 45,617.3 million leva. This translates to a per capita GDP of 7,093 leva. Using the average exchange rate for the quarter of 1.859196 leva per US dollar, this corresponds to approximately 24,536 million dollars in total GDP, or 3,815 dollars per person. In euros, the GDP amounted to 23,324 million, with per capita income reaching 3,626 euros.
The gross value added produced by all sectors of the Bulgarian economy in the first quarter of 2025 reached 39,623.8 million leva, underscoring the broad-based contribution of national industries to the country’s overall economic growth.
Health Minister Silvi Kirilov marked Maternity Care Day, observed on January 21 according to the old calendar, by extending congratulations to obstetricians, gynecologists, neonatologists, midwives and all healthcare professionals involved in maternal and
Bulgaria holds the 62nd position worldwide in the military power index, according to the latest assessment by the online platform Global Firepower.
GERB leader Boyko Borissov has said his party will not make further concessions on fiscal policy and will move back toward a conservative budget framework, arguing that the state should redistribute less than 40% of gross domestic product
The National Institute of Meteorology and Hydrology has issued warnings for significant snowfall and icy conditions on Thursday, January 22.
Nearly two-thirds of Bulgarians approve of Rumen Radev’s decision to step down as president, according to a public opinion survey conducted by Gallup for the Bulgarian National Television (BNT)
President Rumen Radev has officially submitted his resignation to the Constitutional Court, signaling the start of a new chapter in Bulgarian politics.
Bulgaria’s transition to the euro is proceeding smoothly, marking a major step in the country’s full integration into the European Union, according to an analysis by the Fiscal Council.
The Coordination Center for the Euro Mechanism provided an update on the implementation of the euro in Bulgaria, highlighting that the process is progressing in an orderly and coordinated manner
Bulgaria’s outgoing Agriculture Minister Georgi Tahov has assured that the European Union’s trade deal with Mercosur will not negatively affect the country’s economy, pointing to the very limited trade between Bulgaria and the South American bloc.
Simeon Dyankov, chairman of Bulgaria’s Fiscal Council, has warned that price increases implemented by traders are likely to remain in place despite new laws and fines
The Bulgarian government has approved an additional €25 million in revolving credit for Bulgarian Posts EAD to support the ongoing exchange of levs into euros at post offices
The Bulgarian National Bank (BNB) has updated its GDP growth forecast for Bulgaria for the 2025–2027 period, showing a more optimistic outlook than its June 2025 projections.
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
