Bulgaria's labour productivity falls 1.9% in 2020 - prelim data

Bulgaria's labour productivity falls 1.9% in 2020 - prelim data

The gross domestic product (GDP) per person employed in Bulgaria fell by an annual 1.9% to 34,361 levs ($20,700/17,400 euro) in 2020, the statistical office said on Tuesday, citing preliminary data.

Gross value added (GVA) per person employed decreased by a real 2.0% on an annual comparison basis last year, while GVA per hour worked rose by a real 0.4%, the National Statistical Institute (NSI) said in a statement.

GVA per person employed in the industrial sector was 31,365 levs in the review period. In the services sector, an average of 31,942 levs gross value added was generated by a person employed.

The lowest labour productivity was recorded in the agricultural sector - 6,796 levs.

Some 3.45 million people were employed in Bulgaria's economy at the end of 2020, while the total number of hours worked was 5.5 billion, according to the NSI.

In the fourth quarter of 2020 alone, GDP per person employed in Bulgaria declined by a real 2.9% year-on-year to 10,024 levs. GVA per person employed fell by a real 3.6% on an annual comparison basis in the review period, while GVA per hour worked decreased by a real 1.4%, the NSI said in a separate statement on Tuesday.

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