{"id":13490,"date":"2017-08-17T06:27:20","date_gmt":"2017-08-17T06:27:20","guid":{"rendered":"https:\/\/sr-management.bg\/gross-domestic-product-expanded\/"},"modified":"2017-08-17T06:27:20","modified_gmt":"2017-08-17T06:27:20","slug":"gross-domestic-product-expanded","status":"publish","type":"post","link":"https:\/\/sr-management.bg\/nl\/gross-domestic-product-expanded\/","title":{"rendered":"\u0405tatistics Show Growth in GDP and Final Consuption"},"content":{"rendered":"<h2><span style=\"font-size: 12pt;\"><strong>Gross Domestic Product (<b>GDP<\/b>) expanded with 3.6% in the second quarter of 2017.<\/strong><\/span><\/h2>\n<p>The <b>Eurostat<\/b> Handbook on quarterly National Accounts defines the flash estimates as:<\/p>\n<p><em>\u201e&#8230;the earliest picture of the economy according to national accounts concepts, which is produced and published as soon as possible after the end of the quarter, using a more incomplete set of information than that used for traditional quarterly accounts&#8230;\u201d<\/em><\/p>\n<p>Flash estimates for <b>GDP<\/b> in the context of general conditions for the preparation of short-term indicators are based on preliminary short-term information (subject to subsequent update and revisions) expert assessments and models for the components of <b>GDP<\/b>structure, for which direct basic information at the time of calculation is not available.<\/p>\n<h3><span style=\"font-size: 12pt;\"><strong>Flash estimates of <b>GDP<\/b> for the second quarter of 2017 were prepared within 47 days after the reference period.<\/strong><\/span><\/h3>\n<p>They are presented in a standard format for publication of quarterly national <strong>accounts data<\/strong> &#8211; c<strong>urrent prices, relative shares of the components<\/strong> in the <b>GDP<\/b>structure and <b>growth<\/b> rates as compared to the previous quarter and compared to the same period of the previous year. According to the Release Calendar, the NSI will prepare and publish preliminary quarterly estimates of <b>GDP<\/b> for the second quarter of 2017 on September 5th 2017. <b>GDP<\/b> in monetary terms, current prices According to the flash <b>GDP<\/b>estimates for the second quarter of 2017, the <b>GDP<\/b> at current prices amounted to BGN 24 309 million.<\/p>\n<h4><span style=\"font-size: 12pt;\"><strong>Gross Value Added in the second quarter of 2017 amounted to 20 958 million BGN.<\/strong><\/span><\/h4>\n<p>In the structure of <b>GDP<\/b> by the expenditure approach the largest share has the final <b>consumption<\/b>(76.0%), which in nominal terms amounted to 18 482 million BGN. In the second quarter of 2017 gross capital formation is BGN 5 238 million and has a share of 21.6% in GDP. The external balance (exports minus imports) has a positive sign.<\/p>\n<p>According to the seasonally adjusted data , the <b>GDP<\/b> <b>growth<\/b> rate in the second quarter of 2017 is 0.9%.<\/p>\n<p>According to the flash estimates by final expenditure the <b>GDP<\/b> <b>growth<\/b> in the second quarter of 2017 is determined by increase of the Gross fixed capital formation with 2.4%, exports of goods and services with 1.7% and final <b>consumption<\/b> with 0.4%.<\/p>\n<p>The second quarter of 2017 <b>GDP<\/b> at seasonally adjusted data increased by 3.6% compared to the same quarter of the previous year. Gross value added increased by 3.8%. As regards the expenditure components of <b>GDP<\/b>, the final <b>consumption<\/b> registered a positive economic <b>growth<\/b> by 4.2%. Gross fixed capital formation decreased by 0.9% compared to the same quarter of the previous year. Exports and imports of goods and services increased by 6.1% and 7.0% respectively.<\/p>\n<p>Source: novinite.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gross Domestic Product (GDP) expanded with 3.6% in the second quarter of 2017. The Eurostat Handbook on quarterly National Accounts&#8230;<\/p>\n","protected":false},"author":1,"featured_media":11515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[201],"tags":[540],"class_list":{"0":"post-13490","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sr-blog-bulgaria-news-nl","8":"tag-gross-domestic-product-gdp-expanded-nl"},"_links":{"self":[{"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/posts\/13490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/comments?post=13490"}],"version-history":[{"count":0,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/posts\/13490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/media\/11515"}],"wp:attachment":[{"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/media?parent=13490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/categories?post=13490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sr-management.bg\/nl\/wp-json\/wp\/v2\/tags?post=13490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}