Bulgaria's GDP Growth Quickens to 3.0% in 2015 - Provisional Data

Bulgaria's GDP Growth Quickens to 3.0% in 2015 - Provisional Data

Bulgaria's economy expanded by 3.0% in 2015, speeding from a 1.6% growth in 2014 on the back of stronger exports, provisional data of the National Statistics Office (NSI) indicated on Tuesday.
Calculated in current prices, the country's gross domestic product (GDP) totalled 86.37 billion levs (48.7 billion US dollars/44.2 billion euro) in 2015.
In the fourth quarter alone, GDP expanded by 3.0% year-on-year and by 0.7% quarter-on-quarter, NSI said in a statement, revising down its flash estimates of 3.1% and 0.8%, respectively. In the third quarter, the economy expanded by 2.9% on the year and by 0.7% on a quarterly basis.
Household consumption growth slowed to 0.8% last year from 2.7% in 2014 and investments growth decelerated to 2.5% from 3.4%. On the other hand, public consumption grew 0.4% after contracting 0.8% in 2014, exports expanded 7.6% after shrinking 0.1% in 2014, and imports rose 4.4% following a 1.5% increase in 2014.


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