Bulgaria records 0.7% economic growth in Q3 2019

bulgaria economic growth

Bulgaria’s economy posted 0.7 percent growth in the third quarter of the year, the National Statistical Institute (NSI) said, in a flash estimate on November 14.

In real terms, gross domestic product (GDP) in Bulgaria in July-September was 31.5 billion leva or 16.1 billion euros.

In annual terms, economic growth in the third quarter was 3.7 percent. NSI is due to announce preliminary growth figures for the quarter on December 5.

The flash estimate’s seasonally-adjusted data showed domestic consumption grow by 0.9 percent during the third quarter (and was 4.9 percent higher on an annual basis), while gross fixed capital formation rose by 0.8 (while also up by 2.2 percent compared to the third quarter of 2018).

Exports rose by 3.4 percent during July-September (but we’re only 0.4 percent higher compared to the same period of 2018), while imports were one percent up compared to the previous quarter (and 1.7 percent lower on an annual basis). The country recorded a trade surplus of 4.2 billion leva during the quarter, NSI said.

Bulgaria was one of 20 EU countries to record economic growth during the third quarter of the year, while eight others were yet to report third-quarter estimates – Croatia, Estonia, Greece, Ireland, Luxembourg, Malta, Slovenia, and Sweden.

Source: https://sofiaglobe.com/

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