Bulgaria’s GDP Grows 2.2% Y/Y in Q3 - Flash Estimate

Bulgaria’s GDP Grows 2.2% Y/Y in Q3 - Flash Estimate

Bulgaria’s Gross Domestic Product (GDP) grew by 2.9% year-on-year in the third quarter, according to a flash estimate of the National Statistical Institute released on Friday.
Third-quarter GDP expanded by seasonally adjusted 0.7% compared to the second quarter of 2015.
GDP for the third quarter amounted to 23.6 billion levs at current prices according to the flash estimate, the NSI said.
In terms of type of expenditure, final consumption had the largest share in the structure of GDP in the third quarter (68.7%), followed by gross capital formation (22.8%).
Bulgaria ran a trade surplus of 2.0 billion levs in the third quarter which had a share of 8.5% in GDP. Exports of goods and services totalled 15.9 billion levs versus imports of 13.9 billion levs.
The GDP growth in the third quarter compared with the prior quarter was led by an increase in final consumption (+1.1 %) and gross capital formation (+0.1%.)
Compared with year ago, final consumption increased by 1.1% in the third quarter of 2015, while gross capital formation decreased by 0.9%. Exports and imports of goods and services rose by 2.6% and 1.2%, respectively.
The NSI will publish preliminary GDP estimates for the third quarter of 2015 on December 4.

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