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UPDATE 1 – Bulgaria’s GDP grows 4.8% YoY in Q2

SOFIA (Bulgaria), August 17 (SeeNews) – Bulgaria’s gross domestic product (GDP) grew 4.8% annually in the second quarter of 2022, following an annual rise of 4.5% in the three months to end of March, according to the statistics office said in a flash estimate on Wednesday.

On a quarterly comparison basis, Bulgaria’s GDP grew by 1.1% in the April-June period, following a quarterly increase of 1% in the first quarter of the current year, the Institute said. National Statistics Office (INS), citing seasonally adjusted data.

Bulgaria’s second-quarter GDP totaled 38.3 billion levs ($19.9 billion/€19.6 billion) at current prices.

Increases, both annual and quarterly, of final consumption as well as exports of goods and services justified the good performance, according to the statistical office.

In the structure of GDP by expenditure, final consumption occupies the largest share of 76.0%, i.e. 29.1 billion levs. In the second quarter of 2022, gross capital formation amounted to 8.95 billion levs and accounted for 23.4% of GDP, the INS added.

Gross value added (GVA) amounted to 33.3 billion levs during the period under review, according to flash data.

The preliminary estimate for the first quarter is to be released on September 7.

The details follow (pct change):

T2 a/a Q2 q/q
GDP 4.8 1.1
Final consumption 5.3 1.1
Gross fixed capital formation -7.3 -2.4
Exports (goods, services) 11.8 3.3
Imports (goods, services) 18.0 2.3

(1 euro = 1.95583 levs)