site.btaBulgaria Records Second-highest Annual GDP Growth in EU in Q2 of 2025

In the second quarter of 2025, Bulgaria recorded the second-highest gross domestic product (GDP) annual growth in the European Union (EU) with a rise of 3.4% compared to the same period last year, according to an estimate published Friday by Eurostat, the statistical office of the EU. The only EU Member State with higher annual growth was Ireland - 18%.

Compared to the previous quarter of 2025, Bulgaria recorded the fourth-highest growth with 0.9%, trailing only to Denmark, Croatia and Romania. Decreases were observed in Finland (-0.4%), Germany (-0.3%), and Italy (-0.1%).

In the April-June period, Bulgaria's gross domestic product amounted to EUR 27.573 billion at current prices, according to seasonally adjusted data.

On average, seasonally adjusted GDP increased by 0.1% in the euro area and by 0.2% in the EU, compared with the previous quarter. In the first quarter of 2025, GDP had increased by 0.6% in the euro area and by 0.5% in the EU.

GDP components evolved in the second quarter of 2025 as follows:

• household final consumption expenditure increased by 0.1% in the euro area and by 0.3% in the EU (after +0.3% in both areas),
• government final consumption expenditure increased by 0.5% in the euro area and by 0.7% in the EU (after -0.1% and -0.2% respectively),
• gross fixed capital formation decreased by 1.8% in the euro area and by 1.7% in the EU (after +2.7% and +2.3% respectively),
• exports decreased by 0.5% in the euro area and by 0.2% in the EU (after +2.2% and +1.9% respectively), and
• imports were stable in the euro area and increased by 0.3% in the EU (after +2.2% and +1.9% respectively).

The contribution to GDP growth from:

• household final consumption expenditure was positive for both the euro area and the EU (+0.1 percentage points – pp for both),
• government final expenditure was positive for both the euro area and the EU (+0.1 pp for both),
• gross fixed capital formation was negative for both the euro area and the EU (-0.4 pp for both),
• changes in inventories was positive for both the euro area and the EU (+0.5 pp for both), and
• exports less imports was negative for both the euro area and the EU (-0.2 pp for both).