Bulgaria - Real Fixed Investment (gross fixed capital formation)

For Bulgaria, quarterly national accounts including GDP. Data Buffet contains flash estimate growth rates, GDP(E), GDP(I), GDP(O) including GVA, and branch accounts employment.

Active:

• National accounts framework: ESA 2010
• Industry classification: CEA-2008, the local adaptation of NACE Rev. 2
• Measurements:
  
  • Millions of euros at chained year-2020 prices (Mil. Ch. 2020 EUR)
  • At current prices (Mil. EUR)
  • Thousands of persons (Ths. #)
• Adjustments:
  • Working day adjusted and seasonally adjusted (WDASA)
  • Seasonally adjusted (SA)
  • Not seasonally adjusted (NSA)
• Native frequency: Quarterly
• Start date: Uniformly 1995Q1

Predecessors:

• In Ch. 2020 BGN - 1995Q1 to 2025Q3
• Percent change quarter-over-quarter based on real data
• Percent change year-over-year based on real data
• At 2015 prices - 1995Q1 to 2024Q1 ("_15")
• GDP(I) - 1995 to 2022 (archive specifier "_22")
• ESA 2010 at 2010 prices - 1995 to 2019 ("_10")
• ESA 95 at 2005 prices - 1995 to 2014 ("_E95")
• ESA 95 at 2001 prices - 2002 to 2010 ("01")
• ESA 95 at 2000 prices - 1995 to 2011 ("00")

Global concept aliases:

• GDP, GDP$
• C, C$
• I
• IF, IF$
• NETEX, NETEX$
• EX, EX$
• IF, IF$
• ET

The source writes:

GDP by Production approach is calculated as a sum of two components. The first is the gross value added measured at basic prices for the economy as a whole. The second is adjustments, which includes net taxes on products, non deductible VAT, and import duties. 

GDP by Income approach is the sum of the compensation of employees (i.e. labor costs and social security), net other taxes on production and imports (i.e. taxes minus subsidies on production and imports), gross operating surplus divided by mixed income, and adjustments. 

GDP by Final Expenditure includes Individual consumption of households which is measured by the final consumption expenditure of households. Here are some items that are covered: 

• purchases of goods retailed incl. purchases between population purchases from catering and chairs, as well as pay for the repair of the goods;
• purchase of services - electricity, water and heat ;
• transport and communication services, residential rents, educational services paid health services, services related to leisure, culture and sport;
• insurance and other services;
• goods produced by households for their own consumption, represented by unincorporated activities and natural products consumed by the population;
• income in kind;
• imputation of housing occupied by owners.

Moody's Analytics supplements

Prior to 2026, we back-extended prior to 2019Q1. As of 2026, series start uniformly at 1995Q1.

For omitted components in NSA terms, we construct additive identies (4 series):

• Final consumption of government, nominal
• Change in inventories, real
• Trade balance, nominal and real

We produce seasonally adjusted versions of the following, using the X-13ARIMA-SEATS program (77 series):

• Employment by industry
• Compensation of employees
• Expenditure components of GDP
• Gross value added by industry

One reason data for the system of national accounts is revised is because of new or updated statistical information based on statistical surveys or administrative sources. Another reason for revisions is updated methdology and calculation procedures for certain indicators. 

Concept gaps

As of 2024, for GDP(E) there are two currency bases (chained and current) and three adjustments (WDASA, SA, NSA). For each line item, not all combinations exist.

Further reading

At the source:

• GDP - ESA 2010: Quarterly data » tab:Metadata and methodology (dead link)
• Gross domestic product (GDP) - national level - Fourth quarter of 2025 and 2025 - preliminary data » Methodological notes

At Eurostat:

• National accounts » Overview
• Euro indicators » Information on data » National accounts

At IMF (SDDS Plus):

• Real sector - National accounts (Jan 2026)

• 3 Feb 2023, Phillip Thorne - Properties » Predecessors, Moody's Analytics supplements.
• 24 Nov 2024, Phillip Thorne - Currency reference year advanced to 2020: Properties, Global concept aliases.
• 13 Apr 2026, Phillip Thorne - BGN replaced by EUR: Properties, Moody's Analytics supplements, Further reading.