Bulgaria Reports 11-mo C/A Surplus of 2.9%/GDP

Bulgaria Reports 11-mo C/A Surplus of 2.9%/GDP

Bulgaria posted a current account surplus through November equivalent to a preliminary 2.9% of the gross domestic product (GDP) projected for 2011 after running a deficit of 0.5% in the same period a year earlier, the country's central bank said.

At the end of November, the current account showed a surplus of 1.15 billion euro ($1.47 billion), compared to a 165 million euro deficit a year earlier, the central bank said in  statement posted on its website.

Bulgaria's trade balance showed a deficit of 1.44 billion euro at the end of November, equivalent to 3.7% of the projected GDP. In the first eleven months of 2010, the country ran a trade deficit of 2.39 billion euro, equivalent to 6.6% of GDP.

January-November exports rose 30.6% on the year to 18.49 billion euro while imports increased by 20.4% to 19.94 billion euro.

Foreign direct investment (FDI) in Bulgaria decreased to 740 million euro through November, equivalent to 1.9% of the projected GDP, from some 1.43 billion euro a year earlier.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.