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Bulgaria’s preliminary Q1’18 GDP up by 0.9% QoQ and 3.6% YoY

According to preliminary data of NSI, Bulgaria’s seasonally adjusted Q1’18 GDP increased by 0.9% QoQ and 3.6% YoY to BGN 21.5bn (current prices), while the seasonally adjusted GVA grew by 0.9% QoQ and 3.4% YoY to BGN 18.8bn. The quarterly final consumption increased by 3.3% YoY (+0.5% QoQ) to account for 87.4% of the Q1 GDP, whereas the gross fixed capital formation was up 3.6% YoY (+0.9% QoQ) to 19.4% of the GDP. The trade balance was negative at BGN 1.3bn (-5.6% of GDP), where the exports increased by 4.4% YoY (+1.1% QoQ) to BGN 14.7bn, while the imports grew 4.6% YoY (-2.2% QoQ) to 15.9bn. The service, industry and agriculture sectors accounted for 59.9%, 25.6% and 1.9% of GDP respectively while adjustments formed 12.6% of GDP. The fastest growing economic subsectors on annual basis were Construction (6.6%), Real estate activities (6.7%) and Financial and insurance activities (5.5%).

Source: NSI; FFBH

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