Bulgaria GDP

Bulgaria

Bulgaria: Economy accelerates in Q3

December 4, 2015

In the third quarter, the economy expanded 2.9% over the same period last year, according to more detailed data released on 4 December. The print was in line with the result published in a preliminary estimate and overshot the 2.6% expansion tallied in the previous quarter. Q3’s result came on the back of improvements in both total consumption and the external sector’s contribution.

Private consumption recorded a 1.0% expansion in Q3 (Q2: -1.3% year-on-year). Fixed investment improved from a 1.2% drop in Q2 to a 0.4% fall in Q3.

On the external side of the economy, exports accelerated from a 5.2% expansion in Q2 to a 5.8% rise in Q3. Imports decelerated from a 4.7% increase in Q2 to a 3.3% rise in Q3. As a result, the external sector’s net contribution to the economy rose from 0.2 percentage points in Q2 to 1.4 percentage points in Q3.

Met the why particular Consensus Forecast participants expect GDP to expand 1.8% in 2016, which is unchanged from last month’s Consensus. In 2017, panelists see the economy growing 2.1%.


Author:, Economist

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Bulgaria GDP Q3 2015 0

Note: Year-on-year changes of GDP in %
Source: National Statistical Institute (NSI) and Met the why particular Consensus Forecast


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