Gross Domestic Product for the Fourth Quarter of 2022 and 2022 (preliminary data)

In the fourth quarter of 2022, gross domestic product (GDP) grew by 2.3% and gross value added (GVA) by 2.8% compared to the fourth quarter of 2021 (data are preliminary and seasonally adjusted).

The increase in gross value added is determined by the growth in the following economic activities:

Construction - 27.6%, Professional, scientific and technical activities; administrative and support service activities - 5.6%, Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply, waste management and remediation activities - 3.5%, Public administration and defence; compulsory social security; education; human health and social work activities - 2.9%, Financial and insurance activities - 2.1%, Arts, entertainment and recreation, repair of household goods and other services - 1.9% and Information and communication - 1.7%.

A decline was registered in:

Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities - 1.6%, Real estate activities - 1.0% and in Agriculture, forestry and fishing by 0.3%.

Regarding the expenditure components of GDP, contributor to the registered positive economic growth is the final consumption, with a growth of 5.8% and gross fixed capital formation - 1.1%.

According to the seasonally adjusted data, in the fourth quarter of 2022, exports of goods and services increased by 9.0% and imports of goods and services - 9.3% compared to the fourth quarter of 2021.

2022 - Annual figures

In 2022, GDP at current prices calculated as a sum of the quarters is 165 384 million BGN. Preliminary data show an increase of GDP for 2022 in real terms by 3.4% compared to 2021.