SOFIA (Bulgaria), March 21 (SeeNews) – Bulgaria's current account deficit increased to 139.6 million euro ($171.3 million) in January, from 42.7 million euro a year earlier, the central bank said on Wednesday.
The current account deficit was equivalent to 0.3% of the country's gross domestic product (GDP), compared to a deficit of 0.1% of GDP in the year-ago period, the Bulgarian National Bank (BNB) said in a statement.
The country's trade balance showed a deficit of 292.5 million euro, or 0.5% of GDP, in January, as compared to 154.8 million euro, or 0.3% of GDP, in the same month last year. Exports grew 18.4% year-on-year in January while imports expanded 23.9%.
Details follow (in millions of euro):
|
Jan'18 |
Jan'17 |
CURRENT ACCOUNT |
-139.6 |
-42.7 |
- Trade in goods and services (net) |
-180.6 |
-60.3 |
- Trade in goods (net) |
-292.5 |
-154.8 |
- Trade in services (net) |
111.8 |
94.5 |
- Primary income (net) |
3.2 |
72.7 |
- Secondary income (net) |
37.8 |
90.2 |
CAPITAL ACCOUNT |
16.4 |
78.8 |
FINANCIAL ACCOUNT |
20.4 |
-45.9 |
Source: BNB
Bulgaria closed 2017 with a current account surplus of 1.98 billion euro, compared to a surplus of 1.8 billion euro in the previous year.
($=0.8147 euro)