May 18 (SeeNews) - Bulgaria's current account balance was negative in the first quarter of 2022, totalling 946.7 million euro ($996.6 million), compared to a surplus of 35.2 million euro in the same period of 2021, the central bank said on Wednesday.
In the first quarter of 2022, the current account deficit represented 1.6% of the projected gross domestic product (GDP) for the year, as imports of goods jumped by 41.8% on the year to 11.9 billion euro or 15.8% of the estimated GDP, the Bulgarian National Bank (BNB) said in a statement.
The surplus in the first three months of 2021 amounted to 0.1% of last year's GDP.
Exports of goods increased by 36% on the year in the review period, coming in at some 10.7 billion euro or 14.2% of the projected GDP.
Details follow (in mln euro):
|
Jan-Mar'22 |
Jan-Mar'21 |
CURRENT ACCOUNT |
-946.7 |
35.2 |
- goods and services (net) |
-321.1 |
236.7 |
-- goods |
-1186.3 |
-513.1 |
-- services |
865.2 |
749.9 |
- primary income |
-1027.6 |
-505.2 |
- secondary income |
303.6 |
402.0 |
CAPITAL ACCOUNT |
227.7 |
-394.0 |
FINANCIAL ACCOUNT |
1506.7 |
-482.7 |
source: BNB
($ = 0.9499 euro)