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Bulgaria's Economy Shrinks 5.8% Y/Y in Q3, 4.8% in Jan-Sept - Flash Estimate

Nov 13, 2009, 12:08:31 PMArticle by Iva Doneva
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November 13 (SeeNews) - Bulgaria's gross domestic product (GDP) contracted by a preliminary 5.8% year-on-year in real terms in the third quarter of 2009, compared to a 6.8% growth recorded a year earlier, according to a flash estimate of the National Statistics Office (NSI) released on Friday.

Bulgaria's Economy Shrinks 5.8% Y/Y in Q3, 4.8% in Jan-Sept - Flash Estimate

The country's third-quarter GDP totalled 17.778 billion levs ($13.531 billion/9.089 billion euro) in current prices, NSI said in a statement.

Bulgaria's economy contracted by a real 4.8% on the year in the first nine months of 2009, compared to a 7.0% growth in the same period of 2008. The country's nine-month GDP reached 48.061 billion levs.

BULGARIA'S GROSS DOMESTIC PRODUCT (y/y pct change real/bln levs):

Q3'09 9-mo'09 Q3'08 9-mo'08
-5.8/17.778 -4.8/48.061 +6.8/18.609 +7.0/48.037

(1 euro = 1.95583 Bulgarian levs)

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