June 19 (SeeNews) - Bulgaria's current account balance showed a deficit of 3.3 million euro ($3.7 million) in the first four months of 2017, compared to a surplus of 718.6 million euro recorded in the same period last year, the central bank, BNB, said on Monday.
The current account deficit in the period January-April of 2017 was equivalent to 0.01% of the gross domestic product (GDP) projected for 2017 by the BNB, as compared to a surplus equivalent to 1.5% of GDP in January-April 2016, the BNB said in a monthly balance of payments report citing preliminary data.
In April alone, Bulgaria’s current account posted a deficit of 88.3 million euro, as compared to a deficit of 61.5 million euro in April 2016.
Bulgaria closed 2016 with a current account surplus of 1.8 billion euro, compared to a surplus of 172.4 million euro in the previous year. Trade deficit totalled 1.79 billion euro, or 3.8% of GDP, in 2016, as compared to a trade gap of 2.6 billion euro, or 5.8% of GDP, a year earlier.
Details follow (in millions of euro):
|
Jan-April' 17 |
Jan-April' 16 |
CURRENT ACCOUNT |
-3.3 |
718.6 |
- Trade in goods balance |
-994.0 |
-495.7 |
- Balance of services |
426.3 |
480.6 |
- Primary income |
-141.0 |
-416.0 |
- Secondary income |
583.8 |
568.0 |
CAPITAL ACCOUNT |
121.6 |
581.7 |
FINANCIAL ACCOUNT |
180.5 |
593.2 |
source: BNB
($ = 0.8927 euro)