Text size

NSI: Bulgaria's GDP grew by 1.7% in the third quarter

published on 11/14/23 3:50 PM

Photo: BGNES

The country's gross domestic product growth slowed on an annual basis in the third quarter of 2023, while the quarterly growth rate was maintained, data from the National Statistical Institute showed.

In the third quarter, GDP grew by 1.7% year-on-year and by 0.4% year-on-year in the second quarter of 2023. In addition, final consumption grew by 6.1%, but exports of goods and services fell by 7.8% and imports of goods and services decreased by 7.5%.

According to NSI estimates for the third quarter, nominal GDP reached BGN 47 732.8 million (24405.54 million euro), while realised added value was BGN 41 640.4 million (21290.53 mn euro).

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy GDP growth NSI quarterly

More from category

Bulgaria has met the Eurozone inflation standard in 2024

Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..

published on 1/15/25 11:50 AM

Unions and businesses protest against hike in industrial electricity prices

Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..

published on 1/9/25 1:13 PM

Eurozone entry could bring benefits for Bulgarian businesses and economy

Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..

published on 1/8/25 11:37 AM