In the fourth quarter of 2025, the Gross Domestic Product (GDP) grew by 3.0% compared to the fourth quarter of 2024 and there was an increase of 0.8% compared to the third quarter of 2025 at seasonally adjusted data.
Fourth quarter of 2025
GDP, current prices
According to the preliminary data, the GDP[1] at current prices for the fourth quarter of 2025 is 33 471.1 million EUR (Annex, Table 1). The GDP per capita is 5 216 EUR. At an average, for the quarter exchange rate of 1.681805 BGN for 1 USD, the GDP is 38 925 million USD, or 6 066 USD per capita.
The Gross Value Added (GVA)[2] generated by the national economy during the fourth quarter of 2025 amounted to 29 094.9 million EUR at current prices.
In the fourth quarter of 2025, the relative share of the economic sector of Agriculture in GVA was 1.8%, which is a decrease of 0.2 percentage points compared to the fourth quarter of 2024.
The Industry sector decreased its relative share in GVA of the national economy by 0.5 percentage points - to 21.3%.
The relative share of the value added of the activities in the Services sector during the fourth quarter of 2025 increased by 0.7 percentage points compared to the fourth quarter of 2024.
In the fourth quarter of 2025, 81.8% of the GDP was used for final consumption expenditures[3]. Investments (gross fixed capital formation[4]) formed 23.3% of the GDP.
The external balance of goods and services was negative.
GDP and GVA growth rates from seasonally adjusted data
Growth rates on a quarterly basis
According to the preliminary and seasonally adjusted data, in the fourth quarter of 2025, GDP increased by 0.8% compared to the previous quarter (Annex, Table 2). For the same period, GVA also increased by 0.5%.
According to the seasonally adjusted data for the fourth quarter of 2025, the final consumption increased by 1.8% compared to the previous quarter. Exports of goods and services and import of goods and services increased by 3.4% and 6.9% respectively, compared to the previous quarter, according to the seasonally adjusted data.
Growth rates on an annual basis
GDP increased by 3.0% and GVA increased by 2.3% in the fourth quarter of 2025 compared to the fourth quarter of 2024, according to the seasonally adjusted data (Annex, Table 2).
The increase in Gross Value Added is determined by the growth in the following economic activities:
‘Real estate activities’ - by 6.5%, ‘Public administration and defense; compulsory social security; education; human health and social work activities’ - by 6.0%, ‘Construction’ - by 5.3%, ‘Financial and insurance activities’ - by 4.6%, ‘Information and communication’ - by 3.8%, ‘Arts, entertainment and recreation, repair of household goods and other services’ - by 2.4%, ‘Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities’ - by 1.8%, ‘Agriculture, forestry and fishing’ - by 1.7%, ‘Professional, scientific and technical activities; administrative and support service activities’ - by 0.9%.
A decline was registered in ‘Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply, waste management and remediation activities’ - by 3.7%.
Regarding the expenditure components of GDP, the main contributor to the registered positive economic growth was the final consumption - it increased by 7.8% and the gross capital formation - an increase of 6.1%. During the fourth quarter of 2025, compared to the same quarter of the previous year, the exports of goods and services and imports of goods and services also increased by 0.2% and 11.1% respectively.
2025 - Annual figures
GDP for 2025, obtained as a sum of quarterly data, increased in real terms by 3.1% compared to 2024.
The nominal value of the GDP for 2025 (Annex, Table 1) is 116 018.3 million EUR, or 18 060 EUR per capita. GDP reaches 131 689.8 million US dollars using the average annual exchange rate of 1.734944 BGN for 1 USD. GDP per capita is 20 500 USD.
The Gross Value Added at current prices amounts to 100 934.2 million EUR. In real terms, GVA increased by 2.6% compared to 2024.
In 2025 the Agricultural sector’s relative share in the GVA of the national economy was 2.8%, which is an increase of 0.1 percentage points compared with 2024.
The Industry sector created 24.4% of GVA of the national economy, which is an increase of 0.2 percentage points compared to 2024.
The Services sector decreased to 72.8% compared to 73.1% in 2024.
