September 19 (SeeNews) - Bulgaria's current account balance showed a surplus of 1.57 billion euro ($1,879.9 million) in the first seven months of 2017, compared to a surplus of 1.67 billion euro in the like period of last year, the central bank, BNB, said on Tuesday.
The current account surplus in the period January-July of 2017 was equivalent to 3.2% of the gross domestic product (GDP) projected for the year by the BNB, as compared to a surplus equivalent to 3.5% of GDP in January-July 2016, the BNB said in a monthly balance of payments report, citing preliminary data.
Bulgaria closed 2016 with a current account surplus of 1.8 billion euro, compared to a surplus of 172.4 million euro in the previous year. Trade deficit totalled 1.79 billion euro, or 3.8% of GDP, in 2016, as compared to a trade gap of 2.6 billion euro, or 5.8% of GDP, a year earlier.
Details follow (in millions of euro):
|
Jan-July'17 |
Jan-July'16 |
CURRENT ACCOUNT |
1,568.4 |
1,667.2 |
- Trade in goods balance |
700.2 |
1097.4 |
- Balance of services |
1877.2 |
1657.6 |
- Primary income |
-261.0 |
-637.8 |
- Secondary income |
1,129.2 |
1,207.6 |
CAPITAL ACCOUNT |
267.4 |
935.2 |
FINANCIAL ACCOUNT |
331.8 |
2,201.8 |
Source: BNB
($ = 0.8347 euro)