Bulgaria Economy Report Q4 2016

The country’s seasonally-adjusted GDP increased by 3.4% y/y and totalled BGN 83.503 bln in 2016, according to preliminary data of the National Statistical Institute (NSI).

Final consumption, which contributed 79.3% to the GDP, grew by 1.8% y/y in 2016. Gross capital formation inched down by 4.0%, contributing 19.8% to the GDP. Exports rose by 5.7%, imports went up by 2.8%.