Bulgaria records 0.5% economic growth in Q3 – flash estimate

Bulgaria records 0.5% economic growth in Q3 – flash estimate

 

Bulgaria’s economy posted 0.5 per cent growth in the third quarter of the year, the National Statistical Institute (NSI) said in a flash estimate on November 14. Bulgaria was one of 18 EU countries to record positive quarterly growth during that period, with the EU economy as a whole and the euro zone both posting growth, according to a flash estimate by EU’s statistics body Eurostat.

In real terms, gross domestic product (GDP) in Bulgaria in July-September was 22.4 billion leva, or 11.46 billion euro. Compared to the third quarter of 2013, GDP was 1.6 per cent higher.

In the second quarter of the year, Bulgaria recorded identical figures, with 0.5 per cent growth for the quarter and 1.6 per cent on an annual basis. NSI is due to announce preliminary growth figures on December 3.