November 14 (SeeNews) - Bulgaria’s gross domestic product (GDP) grew by a preliminary 6.5% in the first nine months of 2008, faster than a 5.9% growth recorded a year earlier, according to a National Statistics Office (NSI) flash estimate released on Friday.
In the third quarter Bulgaria's economic growth slowed down to a preliminary 5.6% from 7.1% in the second quarter but was quicker than in the third quarter of 2007, when it was 4.9%.
The acceleration in GDP growth is mainly due to growth of value added in the farming sector, by an annual 37.8%, as drought hit the harvest in 2007, NSI said in a statement.
BULGARIA'S GROSS DOMESTIC PRODUCT (pct change/bln levs)
9-MO'08 |
Q3'08 |
Q2'08 |
9-MO'07 |
Q3'07 |
Q2'07 |
+6.5/47.98 |
+5.6/18.55 |
+7.1/15.94 |
+5.9/40.13 |
+4.9/15.74 |
+7.3/13.14 |
(1 euro = 1.95583 Bulgarian levs)