Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Geopolitical uncertainty and reduced international demand are shrinking GDP

Photo: Archive

The real growth of the gross domestic product (GDP) in Bulgaria for 2023 will be 1.8% compared to 3.9% in 2022. The growth is mainly determined by an increase in private consumption and positive net exports. The change in inventories has a significant negative impact on economic activity. These are the expectations of the analysts from the Bulgarian National Bank (BNB), recorded in the latest quarterly publication "Macroeconomic Forecast".

Compared to the November forecast, the BNB expects a lower GDP growth in 2024 and 2025. At the time, the BNB expected Bulgaria's economic growth to be 1.9% in 2023, 2.7% in 2024, and 2025 – 3.6%. 

Due to geopolitical uncertainty and an expected contraction in demand for Bulgarian goods and services, the January forecast is for GDP to grow to 2.5% in 2023 and to 3.4% in 2025.



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

Property prices in Sofia rise 25.5% in a year

The average price of apartments sold in Sofia in the third quarter of 2025 reached €2,310 per square metre , marking an annual increase of 25.5%, according to data from Bulgarian Properties. While new developments remain popular, limited supply and..

published on 11/26/25 4:36 PM

Natural gas prices to fall by over 4% in December

Natural gas prices in Bulgaria are set to fall by just over 4% in December , significantly higher than the previously forecast 1% drop, according to calculations by state-owned supplier Bulgargaz, reported BNR correspondent Yuliyana Kornazheva. This..

published on 11/26/25 2:22 PM

IMF assesses Bulgaria's near-term growth outlook as positive

The Executive Board of the International Monetary Fund (IMF) has concluded the 2025 Article IV Consultation with Bulgaria. According to the IMF’s procedure for assessments and recommendations, domestic demand is driving a robust expansion of the..

published on 11/25/25 10:18 AM