The Bulgarian economy expanded by 3% year-on-year in the fourth quarter of 2025, a slight upward revision from the preliminary estimate of 2.9%, though marginally below the revised 3.1% growth recorded in the previous quarter. This was the slowest rate of expansion since the third quarter of 2024, despite an acceleration in final consumption (7.8% vs. 7.4% in Q3), supported by both household spending (8.7% vs. 8.2%) and government consumption (3% vs. 0.9%). Gross fixed capital formation also strengthened, rising 12.4% in Q4 2025 compared with 10.3% in Q3.
Regarding external demand, exports of goods and services returned to growth, increasing 0.2% after a 4.3% decline in the previous quarter, while imports accelerated sharply, jumping 11.1% from 4%. On a quarterly basis, GDP grew by 0.8% in Q4, matching the preliminary estimate and slightly above the 0.7% expansion in Q3. For the full year 2025, the Bulgarian economy grew by 3.1%.
