Bulgaria's 9-mo c/a surplus grows to 770 mln euro - c-bank

The current account surplus for the first nine months of 2022 was equal to 1% of the estimated gross domestic product (GDP) for the year, the Bulgarian National Bank (BNB) said in its latest monthly report.

The surplus in January-September 2021 was equal to 0.7% of last year's GDP.

In September alone, current account deficit jumped to 457.9 million euro from 31.5 million euro in the same month of 2021.

Imports of goods into Bulgaria in the January-September period rose 42% year-on-year to 37.8 billion euro, equal to 47.9% of the GDP forecast for 2022. In the like period a year earlier, imports accounted for 37.5% of GDP.

At a little over 35 billion euro, exports of goods between January and September grew at a stronger pace than last year - by 39.7% compared to 24.7% rise in the first nine months of 2021. The value of nine-month exports was equivalent to 44.3% of the projected GDP.

Details follow (in millions of euro):

770.2

source: BNB

($ = 0.964402 euro)