Text size

NSI: Bulgaria's GDP grew by 1.7% in the third quarter

published on 11/14/23 3:50 PM

Photo: BGNES

The country's gross domestic product growth slowed on an annual basis in the third quarter of 2023, while the quarterly growth rate was maintained, data from the National Statistical Institute showed.

In the third quarter, GDP grew by 1.7% year-on-year and by 0.4% year-on-year in the second quarter of 2023. In addition, final consumption grew by 6.1%, but exports of goods and services fell by 7.8% and imports of goods and services decreased by 7.5%.

According to NSI estimates for the third quarter, nominal GDP reached BGN 47 732.8 million (24405.54 million euro), while realised added value was BGN 41 640.4 million (21290.53 mn euro).

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy GDP growth NSI quarterly

More from category

Sofia best city in Europe to retire to: Moneypenny survey

Sofia is the best city in Europe to retire to, according to a survey by the business solutions company Moneypenny, Forbes writes. The survey takes into account factors such as average cost of living, retirement savings needed, and a variety of..

published on 8/6/24 11:29 AM

The Bulgarian National Bank has lowered the base interest rate

The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..

published on 8/1/24 11:39 AM

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..

published on 7/30/24 12:30 PM