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