Gross Domestic Product for Bulgaria
MKTGDPBGA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112,211,952,703.83
Year-over-Year Change
106.66%
Date Range
1/1/1980 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Bulgaria is a key economic indicator that measures the total value of goods and services produced within the country. It is a widely used metric for assessing the overall health and growth of the Bulgarian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The GDP of Bulgaria represents the market value of all final goods and services produced in the country over a specific period, typically a quarter or a year. It is a comprehensive measure of economic activity and is used by policymakers, analysts, and investors to evaluate Bulgaria's economic performance and make informed decisions.
Methodology
The GDP data for Bulgaria is collected and calculated by the National Statistical Institute, following international statistical standards.
Historical Context
The Bulgarian GDP is closely monitored by the government, central bank, and international organizations to inform economic policies and assess the country's macroeconomic stability.
Key Facts
- Bulgaria's GDP reached $70.3 billion in 2021.
- The GDP per capita in Bulgaria was $10,193 in 2021.
- The Bulgarian economy grew by 4.2% in 2021 after a 4.4% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Bulgaria measures the total value of goods and services produced within the country, serving as a comprehensive indicator of the country's economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: The Bulgarian GDP is a crucial metric for understanding the health and performance of the country's economy, and is widely used by policymakers, analysts, and investors to make informed decisions.
Q: How is this data collected or calculated?
A: The GDP data for Bulgaria is collected and calculated by the National Statistical Institute, following international statistical standards.
Q: How is this trend used in economic policy?
A: The Bulgarian GDP is closely monitored by the government, central bank, and international organizations to inform economic policies and assess the country's macroeconomic stability.
Q: Are there update delays or limitations?
A: The GDP data for Bulgaria is typically released on a quarterly basis, with some potential for minor delays due to data collection and processing.
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Harmonized Index of Consumer Prices: Water Supply and Miscellaneous Services Relating to the Dwelling for Bulgaria
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Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Bulgaria
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Value of Exports to Bulgaria from Illinois
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Citation
U.S. Federal Reserve, Gross Domestic Product for Bulgaria (MKTGDPBGA646NWDB), retrieved from FRED.