Economic growth in Bulgaria continues its rise. In the fourth quarter of 2015 Bulgarian economy grows by 0.8% quarterly and 3.1% seasonally adjusted annual basis. This show flash estimates of the National Statistical Institute (NSI). The main contribution of final consumption and investment companies, while that of exports is weaker.
Growth in the last quarter of 2015 was faster than in the third quarter, when gross domestic product (GDP) rose by 0.7% quarterly and 2.9% annually.
The annual growth rate is the fastest in the first three months of 2011, while the quarterly increase - the highest since 0.9 percent recorded in the first three months of 2015
In nominal terms in the fourth quarter GDP reached 23.977 billion. Lev from 22.56 billion. Lev as it was in the same quarter of 2014. This is 1,417 billion. Lev more. During the realized value added in the economy for 20.728 billion. Lev It rose by 0.5% quarterly and 1.3% annually.
In the last quarter of 2015 the largest contribution to the growth of final consumption and investment companies (ie. Gross capital formation), whereas this time, exports play a smaller role.
Final consumption, which in nominal terms amounted to 18.835 billion. Lev, is speeding up growth of 2.5% yoy, although quarterly increase slows down to 0.7%. For comparison - in the third quarter, final consumption was up by 1% on a quarterly and annual basis.
Investment companies grow 0.8 percent quarterly and 1.4% annually. They hectic pace as in the previous quarter there was a rise of 0.6 percent on a quarterly basis and a decline of 0.4% annually. In the fourth quarter of 2015 t. Pomegranate. Gross fixed capital is 6.335 billion. Lev
Exports of goods and services was up only 0.7% on an annual basis. So its growth slowed for the third consecutive quarter as the period from June to August, exports grew by 5.8 percent. Growth on a quarterly basis from 2.1% after a decline of 1.9 percent in the previous three months.
For its part, the import slowing annual growth to 1.7 percent from 3.3 percent as it was in the third quarter. On a quarterly basis have rise by 2.3%, showing the flash estimates of national statistics.
The trade balance is negative, the NSI report after imports of 14.271 billion. Lev exceed exports, which amounted to 13.077 billion. Lev trade deficit is about 1,194 billion. Lev
Preliminary estimates for economic growth in the fourth quarter, but for the entire 2015, NSI will publish on March 8, 2016