November 14 (SeeNews) - Bulgaria's annual economic growth accelerated to 3.9% in the third quarter from 3.7% in the prior quarter, according to a flash estimate of the National Statistical Institute (NSI) published on Tuesday.
On a quarterly comparison basis, the growth in gross domestic product (GDP) slowed down to seasonally adjusted 0.9% in the period July-September, from 1.0% in the second quarter of 2017, the NSI data indicated.
Calculated in current prices, the country's GDP totalled 27.3 billion levs ($16.3 billion/13.9 billion euro) in July-September.
The acceleration in the annual GDP growth rate was driven by imports and final consumption, which rose by an 6.2% and 4.6%, year-on-year, respectively.
GDP components (pct change):
|
Q3'17 y/y |
Q3'17 m/m |
Q2'17 y/y |
Q2/17 m/m |
GDP |
3.9 |
0.9 |
3.7 |
1.0 |
Final consumption |
4.6 |
1.1 |
3.8 |
0.5 |
Gross fixed capital formation |
4.2 |
-0.5 |
3.9 |
2.6 |
Exports |
4.4 |
3.2 |
3.7 |
1.3 |
Imports |
6.2 |
2.3 |
6.5 |
1.1 |
source: NSI
(1 euro=1.95583 levs)