site.btaQ3 GDP Up by 3.2% Y/Y

Bulgaria’s gross domestic product (GDP) increased in the third quarter of 2025 by 3.2% compared to the third quarter of 2024 and by 0.7% compared to the second quarter of 2025, according to seasonally adjusted data by the National Statistical Institute (NSI), released on Friday.

GDP produced in the third quarter amounts to BGN 62.659 billion at current prices according to preliminary data. Thus, the value of the indicator per capita is BGN 9,755. At an average quarterly exchange rate of BGN 1.674801 per USD 1 US, GDP amounts to USD 37.413 billion, or USD 5,824 per capita.

Converted into euros, GDP is EUR 32.037 billion, with EUR 4,987 per capita.

The gross value added (GVA) generated by the branches of the national economy in the third quarter of this year amounted to BGN 54.803 billion at current prices.

The relative share of the agricultural sector in the economy’s value added for the reporting period is 4.7%, which represents an increase of 0.3 percentage points compared to the third quarter of 2024.

The industrial sector increases its relative share in the economy’s value added by 1.6 percentage points, reaching 26.5%.

The relative share of the value added generated by activities in the services sector is 68.8%, decreasing in the third quarter of 2025 by 1.9 percentage points compared to the third quarter of last year.

From July to September, 75.6% of GDP is spent on final consumption. Investments account for 20.6% of GDP. The foreign trade balance of goods and services is positive.

On a quarterly basis, GDP increases by 0.7% compared to the previous quarter according to preliminary and seasonally adjusted data. Gross value added in the economy also grows by 0.7% on a quarterly basis.

Seasonally adjusted data for the third quarter of 2025 show an increase in final consumption by 1.5% and in gross fixed capital formation by 1.9% compared to the previous quarter. In the third quarter of 2025, exports of goods and services decrease by 1.3%, while imports of the same increase by 3.6% compared to the previous quarter according to seasonally adjusted data.

In the third quarter of 2025 compared to the third quarter of 2024, GDP increased by 3.2% and GVA by 2.8%, according to seasonally adjusted data.

The growth of GVA is driven by increases in the following economic activities: real estate activities (+6.7%), construction (+6.2%), public administration; education; human health and social work activities (+ 5.9%), creation and dissemination of information and creative products, telecommunications (+4.1%), arts, entertainment and recreation, other service activities, activities of households as employers, undifferentiated goods and services-producing activities of households for own use, activities of extraterritorial organizations and bodies (+4%), financial and insurance activities (+ 3.5%), agriculture, forestry and fishing (+3.2%), professional, scientific and technical activities, administrative and support service activities (+2.8%), wholesale and retail trade; repair of motor vehicles and motorcycles, transportation and storage, accommodation and food service activities (+2.5%).

A decline is registered in mining and quarrying, manufacturing; electricity and heat production and distribution and gas supply, water supply; sewerage, waste management and remediation activities by 1.7%.

Regarding the components of final use, the factors contributing to the recorded economic growth are gross capital formation, which increased by 10.9%, and final consumption, which increased by 7.9%. In the third quarter of 2025 compared to the corresponding quarter of the previous year, a decrease was reported in exports of goods and services, down by 5.6%, while imports of goods and services increased by 4.1%.