Bulgaria's Q4 GDP Climbs 0.1% Q/Q, Up 0.5% Y/Y

Bulgaria's Q4 GDP Climbs 0.1% Q/Q, Up 0.5% Y/Y

Bulgaria's gross domestic product (GDP) inched up by a quarterly 0.1% from October to December following a similar increase 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 fourth quarter, as it did in the previous three months, the National Statistics Office (NSI) said in a statement.

In nominal terms the fourth-quarter GDP totalled 21.017 billion levs ($14.39 billion/10.75 billion euro), NSI said.

The country's economy for the entire 2012 has expanded by an estimated 1.0%, according to finance minister Simeon Dyankov. The estimate places Bulgaria as the EU member state with the fifth largest economic growth in 2012, right behind Estonia, Poland, Latvia and Lithuania, in a year in which six of Europe's largest economies posted a decline, Dyankov said in a statement posted on the website of the finance ministry.

The latest 2012 growth estimate of the finance ministry coincides with the International Monetary Fund's forecast for 1.0% rise in Bulgaria's GDP. The European Bank for Reconstruction and Development has projected a similar growth rate of 1.1% for last year.

In 2011 Bulgaria's economy expanded by a real 1.7%, compared to a revised increase of 0.4% in 2010.

Previous Next
Close
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.