AIBEST 2020 Annual Industry Report

14 Dec 2020 12:30 PM | Mia Devonshire (Administrator)

The sourcing industry contributes 5.5% to Bulgaria’s GDP and marks a double-digit growth in development.

Nearly 78 000 people work in the sector

The size of the sourcing sector in Bulgaria amounts to EUR 2,9 billion for 2019. This is identified by the data in the Annual Report of the Association for Innovation, Business Excellence, Services and Technology (AIBEST) for the development of the sourcing industry in the country. Last year, the sector contributed 5,5% to Bulgaria’s GDP compared to 5,2% in 2018. For another year, the sourcing industry marked double-digit growth in its development, as in 2019 operating revenues increased by 19,6%. Our preliminary data for 2020 show that even this year the growth will also remain in double digits. The forecast for 2022 indicates that the industry will continue to develop and be a major pillar in the Bulgarian economy, as its relative share in the country's GDP will reach 8,9%.

Read the full press release here

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