Bulgaria's Q2 GDP Rises 0.2% Q/Q, Up 0.5% Y/Y

Bulgaria's Q2 GDP Rises 0.2% Q/Q, Up 0.5% Y/Y

Bulgaria's gross domestic product (GDP) rose by a quarterly 0.2% between April and July after staying flat in the first three months of the year, a seasonally-adjusted flash estimate of the statistics office indicated on Tuesday.

In annual terms, the country's economy expanded by a seasonally-adjusted 0.5%, following a similar increase in the previous quarter, the National Statistics Office (NSI) said in a statement.

In nominal terms GDP in the second quarter totalled 19.077 billion levs ($12.1 billion/9.8 billion euro), NSI said, without providing comparative figures.

Last year Bulgaria's economy expanded by a real 1.7%, compared to a revised increase of 0.4% in 2010.

The government in Sofia has projected real economic growth of 2.3% in the 2012 state budget. It expects the country's economy to grow by between 2.5% and 4.0% annually in the 2013-2015 period.

NSI started publishing seasonally-adjusted quarterly GDP data in September 2010 in order to provide a better base for macroeconomic analyses.

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.