July 18 (SeeNews) - Bulgaria's current account balance showed a surplus of 232.7 million euro ($269 million) in the first five months of 2017, compared to a surplus of 802.1 million euro in the like period of last year, the central bank, BNB, said on Tuesday.
The current account surplus in the period January-May of 2017 was equivalent to 0.5% of the gross domestic product (GDP) projected for 2017 by the BNB, as compared to a surplus equivalent to 1.7% of GDP in January-May 2016, the BNB said in a monthly balance of payments report, citing preliminary data.
Bulgaria closed 2016 with a current account surplus of 1.8 billion euro, compared to a surplus of 172.4 million euro in the previous year. Trade deficit totalled 1.79 billion euro, or 3.8% of GDP, in 2016, as compared to a trade gap of 2.6 billion euro, or 5.8% of GDP, a year earlier.
Details follow (in millions of euro):
|
Jan-May'17 |
Jan-May'16 |
CURRENT ACCOUNT |
232.7 |
802.1 |
- Trade in goods balance |
-1,142.0 |
-708.8 |
- Balance of services |
562.4 |
642.9 |
- Primary income |
-90.9 |
-501.0 |
- Secondary income |
749.5 |
698.1 |
CAPITAL ACCOUNT |
153.7 |
670.9 |
FINANCIAL ACCOUNT |
470.3 |
985.2 |
Source: BNB
($ = 0.8651 euro)