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Bulgaria's labour productivity rises 3% y/y in Q3

Dec 5, 2019, 12:03:41 PMArticle by Mario Tanev
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December 5 (SeeNews) - The gross domestic product (GDP) per person employed in Bulgaria increased by an annual 3% to 8,619.2 levs ($4,888/4,407 euro) in the third quarter of 2019, the statistical office said on Thursday, citing preliminary data.

Bulgaria's labour productivity rises 3% y/y in Q3
Author: Municipality of Sofia. Licence: All rights reserved.

Gross value added (GVA) per person employed rose by a real 3.1%, while GVA per hour worked grew by an annual 3.0% in real terms in the July-September period of 2019, the National Statistical Institute (NSI) said in a statement.

GVA per person employed in the industrial sector was 7,971 levs in the review period. In the services sector, an average of 7,761.3 levs gross value added was generated by a person employed. The lowest labour productivity was recorded in the agricultural sector - 2,513.2 levs.

A total of 3.69 million people were employed in the country's economy at the end of the second quarter, according to NSI. The total number of hours worked was 1.48 billion.

(1 euro = 1.95583 levs)

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