Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

GDP for 2020 declines by 4.2% compared to 2019

Photo: archive

The Bulgarian economy grew during the fourth quarter of last year by 2.2% compared to the previous quarter, but shrank by 3.8% on a yearly basis, preliminary National Statistical Institute data show.

Over the entire 2020 the GDP of the country shrank by 4.2% compared to 2019. During the pandemic year, 2020, Bulgaria’s GDP reached a nominal value of 118.605 billion Leva (60.642 billion euro), or 17.109 Leva of the index value (8,748 euro) per capita of the population. The industrial sector created 26.5% of the added value of the economy, the services – 69.5%, and the agrarian sector– 4.0% of the added value. The value of final consumption last year stands at 79.3% of the GDP. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Dragomir Stoynev

BSP and PP-DB hope that the 3rd cabinet-forming mandate will be successful

''The chances of forming a government with the third mandate are slim, but a miracle could happen'', We Continue the Change – Democratic Bulgaria Co-Chairman Atanas Atanasov said. Speaking to BNR, Atanas Atanasov said that the coalition We Continue..

published on 7/28/24 2:27 PM

Bulgaria and Greece are working to extinguish the fire in Slavyanka Mountain

The situation with the fire at the Bulgarian-Greek border is quite severe, said caretaker Minister of Interior Kalin Stoyanov. Two Greek helicopters, two airplanes and two Bulgarian military helicopters are involved in the firefighting efforts. ''The..

published on 7/28/24 12:06 PM

Traffic is intense at some border checkpoints with Romania, Serbia and Turkiye

Traffic is intense at some border checkpoints with Romania, Serbia and Turkiye, Border Police said. At the border with Romania, Traffic is heavy at Kardam checkpoint for outbound freight vehicles. Traffic is also heavy for cars entering and..

published on 7/28/24 11:17 AM