Bulgariaʼs economy decrease slows in Q3

Figures

Graphic by Myvector / Shutterstock.com

Bulgariaʼs gross domestic product (GDP) fell by 5.2% year-on-year in the third quarter of 2020, following an 8.6% decrease in the previous quarter, the National Statistical Institute (NSI) said on Friday.

Graphic by Myvector / Shutterstock.com

On a quarterly comparison basis, GDP rose 4.3% in the July-September period of 2020, after a 10.1% drop in the second quarter of the year, the Sofia-based statistics institute said in a flash estimate, citing seasonally adjusted data.

The key engine of this growth is the final consumption of goods and services, which has increased by 9,8% compared to the previous quarter and 9,3% growth year-on-year. Bulgariaʼs GDP totaled BGN 31.2 billion (EUR 16 billion) at current prices in the review period. 

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.