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Bulgaria's GDP decrease slows to 5.2% y/y in Q3 - flash data

Author Mario Tanev
Bulgaria's GDP decrease slows to 5.2% y/y in Q3 - flash data tanatat/Shutterstock.com

SOFIA (Bulgaria), November 13 (SeeNews) - Bulgaria's gross domestic product (GDP) fell by 5.2% year-on-year in the third quarter of 2020, following an 8.6% decrease in the previous quarter, the National Statistical Institute (NSI) said on Friday.

On a quarterly comparison basis, Bulgaria's GDP rose 4.3% in the July-September period of 2020, after a 10.1% drop in the second quarter of the year, the NSI said in a flash estimate, citing seasonally adjusted data.

Bulgaria's GDP totalled 31.2 billion levs ($18.8 billion/16 billion euro) at current prices in the review period.

(1 euro = 1.95583 levs)

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