SOFIA (Bulgaria), May 18 (SeeNews) – Bulgaria's current account showed a deficit of 138.3 million euro ($163.2 million) in the first three months of 2018, compared to a deficit of 97.5 million euro in the same period of 2017, the central bank said on Friday.
The current account deficit was equivalent to 0.3% of the country's gross domestic product (GDP) in January-March, compared to a deficit of 0.4% of GDP in the prior-year period, the Bulgarian National Bank (BNB) said in a statement.
Bulgaria's trade balance recorded a deficit of 847.1 million euro in the first quarter, or 1.6% of GDP, as compared to a trade deficit of 602.8 million euro, or 1.2% of GDP, in the like period of last year.
Exports grew 4.3% year-on-year in January-March period, while imports expanded 7.6%.
Details follow (in millions of euro):
|
Q1 2018 |
Q1 2017 |
CURRENT ACCOUNT |
-138.3 |
-97.5 |
- Trade in goods and services (net) |
-513.3 |
-413.9 |
-> Trade in goods (net) |
-847.1 |
-602.8 |
-> Trade in services (net) |
333.8 |
188.9 |
- Primary income (net) |
-141.3 |
-221.9 |
- Secondary income (net) |
516.3 |
538.3 |
CAPITAL ACCOUNT |
89.8 |
113.2 |
FINANCIAL ACCOUNT |
187.6 |
258.7 |
source: BNB
Bulgaria closed 2017 with a current account surplus of 1.98 billion euro, compared to a surplus of 1.8 billion euro in the previous year.
($=0.8083 euro)