May 18 (SeeNews) - Bulgaria's current account balance showed a surplus of 59.9 million euro ($66.6 million) in the first three months of 2017, compared to a surplus of 218.7 million euro recorded in the same period last year, the central bank, BNB, said on Thursday.
The current account surplus in the period January-March of 2017 was equivalent to 0.1% of the gross domestic product (GDP) projected for 2017 by the BNB, as compared to a surplus equivalent to 0.5% of GDP in January-March 2016, the BNB said in a monthly balance of payments report citing preliminary data.
Bulgaria closed 2016 with a current account surplus of 1.8 billion euro, compared to a surplus of 172.4 million euro in the previous year. Trade deficit totalled 1.79 billion euro, or 3.8% of GDP, in 2016, as compared to a trade gap of 2.6 billion euro, or 5.8% of GDP, a year earlier.
Details follow (in millions of euro):
|
Jan-March'17 |
Jan-March'16 |
CURRENT ACCOUNT |
59.9 |
218.7 |
- Trade in goods balance |
-653.6 |
-355.5 |
- Balance of services |
239.8 |
395.9 |
- Primary income |
9.6 |
-319.7 |
- Secondary income |
464.1 |
498 |
CAPITAL ACCOUNT |
152.9 |
561.3 |
FINANCIAL ACCOUNT |
766.6 |
1,080.4 |
Source: BNB
($ = 0.899 euro)