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Bulgaria's Jan-Oct c/a surplus edges up - table

Dec 19, 2017, 1:53:22 PMArticle by Ivaylo Mihaylov
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December 19 (SeeNews) - Bulgaria's current account balance showed a surplus of 2.68 billion euro ($3.16 billion) in the first ten months of 2017, compared to a surplus of 2.67 billion euro in the prior-year period, the central bank, BNB, said on Tuesday.

Bulgaria's Jan-Oct c/a surplus edges up - table
Photo by Dennis Jarvis.

The current account surplus in the period under review was equivalent to 5.4% of the projected 2017 GDP, down from 5.6% of GDP in January-October 2016, the BNB said in a monthly balance of payments report citing preliminary data.

The country's trade gap widened to 1.27 billion euro, or 2.5% of GDP, in the first ten months from 753.8 million euro, or 1.6% of GDP, in the same period last year. Exports grew 13.7% year-on-year while imports expanded 15.8%. In January-October 2016, exports added 1.0% on the year, while imports shrank 1.6%.

Details follow (in millions of euro):

Jan-Oct'17 Jan-Oct'16
CURRENT ACCOUNT 2,684.0 2,673.6
- Trade in goods and services (net) 1,630.9 2,180.2
- Trade in goods (net) -1,270.4 -753.8
- Trade in services (net) 2,901.3 2,934.0
- Primary income (net) -360.2 -854.5
- Secondary income (net) 1,413.3 1,347.8
CAPITAL ACCOUNT 374.7 1,009.1
FINANCIAL ACCOUNT 1,813.3 3,568.3

Source: BNB

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, in the previous year.

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