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UPDATE 1 - Bulgaria's GDP grows by 4.5% y/y in Q1 - flash data

UPDATE 1 - Bulgaria's GDP grows by 4.5% y/y in Q1 - flash data Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

SOFIA (Bulgaria), May 17 (SeeNews) - Bulgaria's gross domestic product (GDP) grew by 4.5% year-on-year in the first quarter of 2022, compared to an annual increase of 5.2% in the final quarter of 2021, the statistical office said in a flash estimate on Tuesday.

On a quarterly comparison basis, Bulgaria's GDP grew by 1% in the first three months of the current year, after a 1% rise in the October-December period, the National Statistical Institute (NSI) said, citing seasonally adjusted data.

Bulgaria's first-quarter GDP amounted to a total of 30.4 billion levs ($16.3 billion/15.5 billion euro) at current prices.

"According to the flash estimate of GDP by final expenditure approach, the reason for the positive GDP growth at seasonally adjusted data in the first quarter of 2022 compared to the previous quarter is the increase in the final consumption by 1.7%," the NSI said.

Bulgaria's Gross Value Added (GVA) amounted to 25.85 billion levs in the period under review, the flash data showed.

The preliminary estimate for the first quarter is due to be published on June 8.

Details follow (pct change):

Q1 y/y Q1 q/q
GDP 4.5 1.0
Final consumption 6.6 1.7
Gross fixed capital formation -6.1 0.7
Exports (goods, services) 11.8 5.3
Imports (goods, services) 13.6 3.8

(1 euro = 1.95583 levs)

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