June 8 (SeeNews) - Bulgaria's economic output increased by 4.0% year-on-year in the first quarter of 2022, following an annual rise of 4.5% in the final quarter of 2021, the National Statistical Institute (NSI) said on Wednesday, lowering its May flash estimate of first-quarter growth by 0.5 percentage points.
On a quarterly comparison basis, Bulgaria's gross domestic product (GDP) grew by 0.8% in the January-March period, after a quarter-on-quarter increase of 1.3% in the last three months of 2021, the NSI said in a statement, citing preliminary seasonally adjusted data.
Bulgaria's GDP totalled some 32.8 billion levs ($17.9 billion/16.8 billion euro) at current prices in the first quarter of 2022.
The GDP per person amounted to 4,800 levs in the first three months of 2022, the statistics office said.
Details follow (pct change):
|
Q1 y/y |
Q1 q/q |
GDP |
4.0 |
0.8 |
Final consumption |
5.2 |
1.0 |
Gross fixed capital formation |
30.6 |
16.8 |
Exports |
6.5 |
1.9 |
Imports |
13.5 |
3.8 |
source: NSI
(1 euro = 1.95583 levs)