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UPDATE 1 - Bulgaria's GDP growth accelerates to 3.9% in Q3 2017 - flash data

UPDATE 1 - Bulgaria's GDP growth accelerates to 3.9% in Q3 2017 - flash data antpkr/Shutterstock.com

SOFIA (Bulgaria), 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)

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