In 2023, the composition of Bulgaria's GDP was primarily driven by the services sector, accounting for 38.69%. The industrial sector, which includes mining, manufacturing, and utilities, followed closely at 24.4%. Wholesale and retail trade, alongside restaurants and hotels, contributed 16.18%, while transport, storage, and communication provided 12.12%. The agriculture sector added 4.7%, and construction stood at 3.91%. Observing trends, the services sector maintained a stable rise in its GDP share, while agriculture and construction experienced marginal fluctuations year-on-year. The average annual growth rate in the last five years was modest across most sectors.
Looking forward, Bulgaria is likely to witness further expansion in its services and technology-based sectors, driven by digital transformation and innovation. The industrial sector may see moderate growth as efforts to enhance energy efficiency continue. Conversely, agriculture may face challenges due to climatic changes and global market pressures. Monitoring shifts in consumer behavior and technological advancements will be crucial for understanding future sectoral contributions to Bulgaria's GDP.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 38.69 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 24.4 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 16.18 | 2016 | |
| 4 | 4 Transport, storage and communication | 12.12 | 2016 | |
| 5 | 5 Agriculture, hunting, forestry, fishing | 4.7 | 2016 | |
| 6 | 6 Construction | 3.91 | 2016 |
