Bulgaria Records 0.5% GDP Growth in Q2 2014 – Eurostat

Seasonally adjusted GDP remained stable in the euro area and rose by 0.2% in the EU in the second quarter of 2014, compared with the previous quarter, according to second estimates published by Eurostat.

Bulgaria reported 0.5% increase of GDP in Q2 2014 on a quarterly basis (after +0.3% in the first quarter of 2014), and 1.6% annual increase compared to Q2 of 2013 (after +1.2% in Q1 2014 and Q4 2013).

In the first quarter of 2014, the Gross Domestic Product (GDP) grew by 0.2% in the euro area and by 0.3% in the EU. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.7% in the euro area and by 1.2% in the European Union in the second quarter of 2014, after +1.0% and +1.4% respectively in the previous quarter, data published by the statistical office of the European Union revealed.