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UPDATE 1 - Bulgaria's annual GDP growth speeds up to 3.4% in Q1 - flash data

Author Mario Tanev
UPDATE 1 - Bulgaria's annual GDP growth speeds up to 3.4% in Q1 - flash data Author: KRZ Port Burgas / All rights reserved.

SOFIA (Bulgaria), May 15 (SeeNews) - Bulgaria's economy expanded by 3.4% year-on-year in the first quarter of 2019, after growing by 3.2% in the previous quarter, flash data from the National Statistical Institute (NSI) showed on Wednesday.

On a quarterly comparison basis, Bulgaria's GDP growth accelerated to 1.1% in the first quarter of 2019, from 0.8% in the fourth quarter of 2018, according to the NSI data.

Calculated in current prices, Bulgaria's GDP totalled 23.9 billion levs ($13.7 billion/12.2 billion euro) in the first three months of the year.

GDP components (pct change):

  Q1 y/y Q1 m/m
GDP 3.4 1.1
Final consumption 3.5 0.3
Gross fixed capital formation 2.6 0.2
Exports 5.0 1.8
Imports 1.7 -0.6

(1 euro = 1.95583 levs)

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