Bulgaria Records 0.5% GDP Growth in Q2 2014 – Eurostat

Seasonally adjusted GDP remained stable in the euro area and rose by 0.2% in the EU in the second quarter of 2014, compared with the previous quarter, according to second estimates published by Eurostat.

Bulgaria reported 0.5% increase of GDP in Q2 2014 on a quarterly basis (after +0.3% in the first quarter of 2014), and 1.6% annual increase compared to Q2 of 2013 (after +1.2% in Q1 2014 and Q4 2013).

In the first quarter of 2014, the Gross Domestic Product (GDP) grew by 0.2% in the euro area and by 0.3% in the EU. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.7% in the euro area and by 1.2% in the European Union in the second quarter of 2014, after +1.0% and +1.4% respectively in the previous quarter, data published by the statistical office of the European Union revealed.

During the second quarter of 2014, GDP in the United States increased by 1.0% compared with the previous quarter (after -0.5% in the first quarter of 2014). Compared with the same quarter of the previous year, GDP grew by 2.5% (after +1.9% in the previous quarter). Among Member States for which data are available for the second quarter of 2014, Malta (+1.3%), Latvia and Slovenia (both +1.0%), Lithuania, Hungary and the United Kingdom (all +0.8%) recorded the highest growth compared with the previous quarter. Romania (-1.0%), Denmark and Cyprus (both-0.3%), Germany and Italy (both -0.2%) registered decreases.