Bulgaria's GDP Up 3.5% in Q3, Y/Y

The gross domestic product (GDP) of Bulgaria expanded by 3.5% between July and September compared to the same period of last year, national statistics show.

The national output for the third quarter of 2016 was also 0.8% bigger compared to the previous quarter, according to seasonally adjusted data of the National Statistical Institute (NSI).

GDP at current prices amounted at BGN 24.631 B in the third quarter. Gross value added (GVA) was BGN 21 168, increasing by 0.7% quarter-on-quarter.

The final consumption (69.7%) has the largest share in the structure of GDP by the expenditure approach and amounted to BGN 17.16 B. It increased by 1.3%, while exports of goods and services were up 2.1%.

Year-on-year, GVA increased by 2.5%. Consumption registered a 1% growth, while exports and imports of goods and services increased by 8.5% and 3.9%, respectively.