Source: world bank Nominal/PPP
Summary:
Bulgaria GDP Per Capita expanded from 1980 to 2024, increasing from $19.84 to $113.34 .The compound annual growth rate (CAGR) averaged 4.04% over the period. The economy recorded its peak level in 2024 and its lowest level in 1991. Growth volatility remained high. The maximum drawdown reached 72.85%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
Bulgaria Economic Phases (1980 - 2024)
From 1980 to 2024, Bulgaria economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1986–1987) indicating robust economic expansion
- Contraction (1989–1990) indicating temporary slowdown
- High Growth (1992–1993) indicating robust economic expansion
- Contraction (1999–2000) indicating temporary slowdown
- High Growth (2001–2008) indicating robust economic expansion
- Contraction (2009–2010) indicating temporary slowdown
- Expansion (2013–2014) indicating steady moderate growth
- High Growth (2016–2018) indicating robust economic expansion
- Expansion (2019–2020) indicating steady moderate growth
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 1995 with an increase of 95.602%, while the largest decline was in 1991 at -63.025%.