GDP grows by 0.5% on an annual basis

In Q3 2012, Bulgaria’s GDP grew by 0.5% on an annual basis and by 0.1%, compared to Q2 2012, showed National Statistical Institute (NSI) express data. In Q3 2012, GDP reached BGN 21.735 bn in nominal terms and the value added stood at BGN 18.571 bn, the largest share of it being accounted for by the service sector (57.3%), followed by industry (31.2%) and agriculture (11.5%).

In Q3 2012, GDP increased by 0.1%, compared to Q3 2011. Within the same period, the gross value added also increased by 0.1%. The exports of goods and services in Q3 2012 grew by 0.2%, compared to the previous quarter, while imports of goods and services decreased by 3.7%. In Q3 2012, GDP grew by 0.5% over the same quarter of the previous year.

Meanwhile, the gross value added increased by 0.2%. An increase was registered in the agricultural and industrial sectors of 6.3% and 3.5%, respectively. The service sector, accounting for the largest share in the value added, had a negative contribution and reported a decrease of 1% over the period.

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