Bulgaria's Q3 GDP Climbs 0.1% Q/Q, Up 0.5% Y/Y – Flash Estimate

Bulgaria's Q3 GDP Climbs 0.1% Q/Q, Up 0.5% Y/Y – Flash Estimate

Bulgaria's gross domestic product (GDP) inched up by a quarterly 0.1% from July to September after climbing 0.2% in the previous three months, a seasonally-adjusted flash estimate of the statistics office indicated.

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

In nominal terms the third-quarter GDP totalled 21.735 billion levs ($14.1 billion/11.1 billion euro), NSI said.

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 and it expects the country's GDP to grow between 2.5% and 4.0% annually in the 2013-2015 period.

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