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UPDATE 1 - Bulgaria's H1 GDP Grows 7.1% Y/Y - Table

Sep 15, 2008, 11:47:23 AMArticle by Iva Doneva
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September 15 (SeeNews) - Bulgaria's gross domestic product (GDP) grew by a real 7.1% on the year in the first half of 2008, faster than the revised 6.5% rise in the same period a year ago, the National Statistics Office (NSI) said on Monday.

UPDATE 1 - Bulgaria's H1 GDP Grows 7.1% Y/Y - Table

The country's first-half GDP reached 29.428 billion levs ($21.2 billion/14.8 billion euro), calculated in current prices, NSI said in a statement.

The Bulgarian economy grew by 7.1% in the second quarter, compared to 7.0% in the first quarter and to 7.3% in the second quarter of 2007.

In 2007, the country's GDP grew by 6.2% in real terms, a bit slower than the 6.3% rise in 2006.

Bulgarian government officials have said they expect the country's economy to continue to grow at an annual rate of above 6.0% over the next few years. The government sees the country's economy rising by a real 6.2%-6.5% for the whole of 2008.

Details on Bulgaria's GDP follow:

Q2'08 H1'08 H1'07*
GDP real growth y/y % +7.1 +7.1 +6.5
GDP (mln levs) 15,944 29,428 24,430
Consumption 13,292 25,736 21,523
-Individual 11,949 23,339 19,510
-Public 1,343 2,397 2,012
Gross Capital Formation 6,920 11,699 8,810
Trade Balance (4,267) (8,007) (5,902)
-Exports 10,758 19,567 16,042
-Imports 15,025 27,574 21,944

* revised figures

(1 euro = 1.95583 Bulgarian levs)

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