Bulgaria Economy Report Q1 2016

The country’s seasonally-adjusted GDP increased by 2.9% y/y and totalled BGN 20.249 bln in Q1 2016, according to preliminary data of the National Statistical Institute (NSI).

Final consumption, which contributed 77.4% to the GDP, increased by 2.1% y/y in Q1 2016. Gross capital formation went down by 3.9%, contributing 20.0% to the GDP. Exports grew by 0.3%, imports went down by 1.3%.