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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|
|Gross fixed capital formation||4.2||-0.5||3.9||2.6|
(1 euro=1.95583 levs)