Drop in Bulgaria's GDP slows to 1.8% y/y in Q1 - prelim data

Drop in Bulgaria's GDP slows to 1.8% y/y in Q1 - prelim data

Bulgaria's economic output declined by 1.8% year-on-year in the first quarter of 2021, after an annual decrease of 3.8% in the previous quarter, the National Statistical Institute (NSI) said on Tuesday, confirming an earlier flash estimate.

On a quarterly comparison basis, Bulgaria's GDP went up 2.5% in the January-March period of 2021, after a 2.2% increase in the fourth quarter of 2020, the NSI said in a statement, citing preliminary seasonally adjusted data.

GDP totalled 27.05 billion levs ($16.8 billion/13.8 billion euro) at current prices in the review period.


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