Bulgaria’s annual GDP growth in 2016 was 3.4% – statistical institute

Bulgaria’s GDP for 2016 increased in real terms by 3.4 per cent compared to 2015, the National Statistical Institute said on March 7, citing preliminary figures.

The nominal value of Bulgaria’s GDP for 2016 was 92 635 million leva, the NSI said.

GDP reached $52 385 million using the average annual exchange rate of 1.76833 leva for 1 US dollar. GDP per person was 12 967 leva or $7333. In euro, GDP was 47 363 million or 6630 euro a person.

Gross value added (GVA) at current prices amounted to 79 937 million leva, the NSI said. In real terms, GVA increased by 2.9 per cent in comparison with 2015.

Industry’s relative share in the GVA of the Bulgarian national economy was 28 per cent, which is 0.1 percentage points more than in 2015. The service sector created 67.6 per cent of the total GVA and agriculture 4.4 per cent, the NSI said.

In the fourth quarter of 2016, GDP at current prices amounted to 25 800 million leva, the institute said.

According to seasonally-adjusted figures, the GDP growth rate in the fourth quarter of 2016 was 0.9 per cent compared to the third quarter of 2016 and 3.4 per cent compared to the fourth quarter of 2015.

(Photo: Clive Leviev-Sawyer)




The Sofia Globe staff

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