Bulgaria's Jan-May C/A Gap Shrinks to 2.0%/GDP

Bulgaria's Jan-May C/A Gap Shrinks to 2.0%/GDP

Bulgaria's current account gap through May shrank to a preliminary 2.0% of the gross domestic product (GDP) projected for this year, from a revised 7.0% of GDP a year earlier, mainly due to a lower trade deficit, the central bank said on Thursday.

The current account deficit fell to 708.9 million euro ($902 million) in the first five months of the year from 2.366 billion euro a year earlier, the central bank said in a statement.

The trade deficit through May totalled almost 1.235 billion euro, equivalent to 3.5% of the projected GDP, compared to 2.050 billion euro, or 6.1% of GDP, in the same period of 2009.

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.