The Gross Domestic Product (GDP) of Bulgaria increased by 3% in the first quarter compared to the same period of the previous year, flash estimates of the national statistics body show.
Flash estimates are "the earliest picture of the economy according to national accounts concepts, which is produced and published as soon as possible after the end of the quarter, using a more incomplete set of information than that used for traditional quarterly accounts," as defined by the Eurostat Handbook on quarterly National Accounts.
For the second quarter of 2016 (April-June), the flash estimates suggest GDP was 21.753 billion levs.
Gross value added (GVA) for that period amounted to 18.538 billion levs.
"In the structure of GDP by the expenditure approach the largest share has the final consumption (77.7%), which in nominal terms amounted to 16.894 billion levs," NSI says.
Sofia News Agency