Real GDP at Constant National Prices for Bulgaria
RGDPNABGA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148,186.92
Year-over-Year Change
28.82%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Bulgaria' series measures the inflation-adjusted gross domestic product of Bulgaria, a key indicator of the country's economic performance and growth.
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
This series represents the total market value of all goods and services produced within Bulgaria, adjusted for price changes over time. It is a widely-used metric for evaluating the health and trajectory of the Bulgarian economy.
Methodology
The data is calculated by the World Bank using national accounts statistics and price deflators.
Historical Context
Policymakers and analysts monitor this trend to assess Bulgaria's economic conditions and make informed decisions.
Key Facts
- Bulgaria's real GDP grew by 3.7% in 2021.
- The service sector accounts for over 60% of Bulgaria's GDP.
- Bulgaria's economy contracted by 4.4% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inflation-adjusted gross domestic product (GDP) of Bulgaria, providing a comprehensive gauge of the country's overall economic activity and growth.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator for evaluating the health and performance of the Bulgarian economy, which is relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and price deflators to adjust for inflation.
Q: How is this trend used in economic policy?
A: Policymakers and institutions monitor this trend to assess Bulgaria's economic conditions and make informed decisions about fiscal, monetary, and developmental policies.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as it is dependent on the collection and processing of national accounts statistics.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Bulgaria (RGDPNABGA666NRUG), retrieved from FRED.