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Bulgaria’s GDP increases

November 13, 2015

Gross Domestic Product (GDP) expanded with 2.9% in the third quarter of 2015 compared to the same quarter of the previous year and with 0.7% compared to the second quarter of 2015 according to the seasonally adjusted data of the National Statistical Institute (NSI).

In the structure of GDP by the expenditure approach the largest share has the final consumption (68.7%), which in nominal terms amounted to 16 214 million BGN. In the third quarter of 2015 gross capital formation is 5 382 million BGN and has a share of 22.8% in GDP. The external balance has a positive sign.

According to the seasonally adjusted data, the GDP growth rate in the third quarter of 2015 is 0.7% compared to the previous quarter. Gross value added increased in the third quarter of 2015 by 0.2%. According to the flash estimates by final expenditure the GDP growth in the third quarter of 2015 is determined by an increase in the final consumption with 1.1 % and gross fixed capital formation with 0.1%.