Bulgaria reports 0.7% economic growth in Q3 2015

Bulgaria reports 0.7% economic growth in Q3 2015

Sofia, December 4, 2015/Independent Balkan News Agency

Bulgaria’s economy grew by 0.7 per cent in the third quarter of the year, according to preliminary data announced by the National Statistical Institute (NSI) on December 4, in line with last month’s flash estimate. In annual terms, economic growth in the third quarter was 2.9 per cent compared to the same period of last year.

In real terms, gross domestic product (GDP) in Bulgaria in July-September was 23.49 billion leva, or 12.01 billion euro.

NSI’s preliminary data showed domestic consumption rise by one per cent compared to the second quarter (it was also up one per cent compared to the third quarter of last year), while gross fixed capital formation expanded by 0.6 per cent (but was 0.4 per cent lower on an annual basis).