Bulgaria 3rd in EU by Economic Slowdown

Bulgaria 3rd in EU by Economic Slowdown

Bulgaria ranks third in the European Union by the slowdown of its economy, according to data published Friday by Eurostat, the statistical office of the European Union.

The country is registering a drop of its Gross Domestic Product (GDP) of 1.5% for April-June on a yearly basis. Only Greece and Latvia register larger shrinking - of 3.5% and 3.9% respectively.

Meanwhile, GDP increased by 1.0% in both the Eurozone and the EU during the second quarter of 2010, compared with the previous quarter. In the first quarter of 2010, growth rates were +0.2% in both zones.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.7% in both the Eurozone and the EU in the second quarter of 2010, after +0.6% and +0.5% respectively in the previous quarter.

The growth is attributed to the recovery of the leading economies in Europe. The strongest one - Germany, registered an increase of 2.2% for the second quarter of 2010, and 3.7% on yearly basis. For France the data is 0.6% and 1.7% respectively.

On yearly basis, Slovakia shows the strongest economic growth of 4.9%, followed by Germany (3.7%) and Sweden (3.6%)

Data was not available for Romania.

In comparison, during the second quarter of 2010, the US GDP increased by 0.6% compared with the previous quarter, after +0.9% in the first quarter of 2010. US GDP rose by 3.2% compared with the same quarter of the previous year (+2.4% in the previous quarter).

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.