Bulgaria’s Q1 GDP Rises 0.1% Q/Q, Up 0.4% Y/Y

Bulgaria’s Q1 GDP Rises 0.1% Q/Q, Up 0.4% Y/Y

Bulgaria's economy expanded by 0.4% in the first quarter of 2013 over the same quarter of the previous year, the country's statistics office said.
Quarter-on-quarter, the country's gross domestic product (GDP) grew 0.1% in the January-March period, the National Statistics Office (NSI) said in a statement.
The country's first-quarter GDP totalled 16.6 billion levs ($11.1 billion/8.5 billion euro) in current prices, NSI said. Gross value added at current prices amounted to 14.1 million levs in the January-March period.
Agriculture increased its share in the gross value added in the economy by 0.9 percentage points on the year to 4.5% in the first quarter of 2013. The share of the industrial sector reached 32%, down by 0.4 percentage points, while the share of services decreased by 0.5 percentage points to 63.5%.

In 2012 Bulgaria's economic growth slowed down to a real 0.8%. 

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