Bulgaria's labour productivity grows 2% y/y in Q1 - prelim data

Bulgaria's labour productivity grows 2% y/y in Q1 - prelim data

The gross domestic product (GDP) per person employed in Bulgaria rose by an annual 2% to 8,164.3 levs ($5,100/4,174 euro) in the first quarter of 2021, the statistical office said on Tuesday, citing preliminary data.

Gross value added (GVA) per person employed and GVA per hour worked both increased by an annual 0.9% in real terms in the January-March period of this year, the National Statistical Institute (NSI) said in a statement.

GVA per person employed in the industrial sector was 7,040.7 levs in the review period. In the services sector, an average of 7,418.7 levs gross value added was generated by a person employed. The lowest labour productivity was recorded in the agricultural sector - just 1,048.8 levs.

Over 3.3 million people were employed in Bulgaria's economy at the end of the first quarter, according to NSI. The total number of hours worked was 1.35 billion.

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