Bulgaria's GDP Up by 6.8% Y/Y in Q3

Profit.bg, 2008-12-15

     Bulgaria's Gross Domestic Product (GDP) stood at stood at 18.6 bln leva (9.515 bln euros) in the third quarter of 2008. The GDP per capita stood at 2,430 leva (1,242.2 euros) preliminary data show.
     The GDP in real terms marked an increase of 6.8% compared to the third quarter of 2007.
     "The increase is much higher than expected which means there is still no crisis in Bulgaria", commented the Deputy Minister of Economy and Energy Yavor Kuyumdzhiev. "The economy is working perfectly and has never worked better", he added.
     The gross value added generated in the economy amounted to 15.517 bln leva at current prices, which represents an increase of 8.2%, compared to the third quarter of 2007. The share of the gross value added in the agriculture sector rose by 2.6 percentage points year on year to 11.5%.
     The share of the gross value added in the services sector stood at 58.5%, which represents a decrease of 0.6%, compared to the corresponding period of 2007.
     The share of the industrial sector shrunk by 2 percentage points - from 32% in the third quarter of 2007, to 30% a year later.
     In terms of final use components, the share of individual consumption stood at 70% of GDP in the third quarter of 2008, up by 5.9% year on year.
     The value of Bulgaria's imports of goods and services exceeded by 2.278 bln leva the value of exports in the third quarter of the year.
     Bulgaria's GDP amounted to 48.037 bln leva in nominal terms in the first nine months of the year. The figure represents an increase of 7%, compared to the year-ago period.

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