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.

FocusEconomics 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 FocusEconomics Consensus Forecast


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