Share

Text size

Bulgarian National Radio © 2024 All Rights Reserved

Increased exports and consumption in first quarter of 2021 increase GDP by 2.5%

published on 5/18/21 11:59 AM

Photo: Library

The Bulgarian economy grew in the first quarter of 2021 by 2.5% compared to the last quarter of 2020, when a growth of 2.2% was also registered, the National Statistical Institute has announced.

Bulgaria's GDP still remains 1.8 percent lower, compared to the same period in 2020, when the country had not yet been hit by pandemic restrictions. In 2020, Bulgaria's GDP shrank by 8.6%, which is the largest economic decline registered since the 1997 crisis.

In the first quarter of 2021, the country's GDP amounted to over 13.5 billion euros. The economic growth in 2021 is due to the increase in exports of goods and services by 6.5% and final consumption by 1.6 percent.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy consumption economic growth exports GDP goods National Statistical Institute services

More from category

Krassen Stanchev

Despite the political crisis in the country, the economy is developing steadily, Krassen Stanchev says

The political crisis is not affecting the economy in the short term – within 1-2 years , says Assoc. Prof. Krassen Stanchev from the Institute for Market Economics. “The political crisis is affecting those who are highly regulated – mostly big..

published on 8/22/24 11:22 AM

Bulgarian government approves a €120m solar panel project with Smart Solar Technologies AD

The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant." This project will be..

published on 8/21/24 2:40 PM

Families are taking out more quick loans to cover consumer expenses

For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..

published on 8/19/24 8:50 AM

1
2
3
4
5
6
..
10

WEATHER

Pick city: Sofía

Partly Cloudy
Min: 16 | Max: 33

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

shopify analytics ecommerce
tracking