Bulgaria's economy in 2014 achieved its fastest growth for the past three years. GDP increased by 1.7% after rising 0.5% in 2012 and 1.1% in 2013, according to the National Statistics Institute.
As a result, the local economy overtook all forecasts of the Ministry of Finance, the IMF and the World Bank. The growth was a result of industrial production, increased investment and consumption.
2014 was the fifth consecutive year of economic growth after the 2009 crisis, when GDP dropped by 5%. As a result, it can be established that the effects of the global crisis have been more or less overcome. Even more, the Bulgarian economy is slightly better off than in pre-crisis 2008.