Bulgaria’s Gross Domestic Product (GDP) has increased with 2.9% in the third quarter of 2015 compared with the same quarter of the previous year and with 0.7% compared with the second quarter of 2015, according to the seasonally adjusted data, Bulgaria’s National Statistical Institute announced.

According to the flash GDP estimates for the third quarter of 2015, the GDP at current prices amounted to BGN 23.610 billion.
 

GVA in the third quarter of 2015 amounted to BGN 20.011 billion.
 

In the structure of GDP by the expenditure approach the largest share has the final consumption (68.7%), which in nominal terms amounted to BGN 16.214 billion. In the third quarter of 2015 gross capital formation is BGN 5.382 billion and has a share of 22.8% in GDP. The external balance (exports minus imports) has a positive sign.
 

According to the seasonally adjusted data, the GDP growth rate in the third quarter of 2015 is 0.7% compared to the previous quarter. Gross value added increased in the third quarter of 2015 by 0.2%.
 

According to the flash estimates by final expenditure the GDP growth in the third quarter of 2015 is determined by an increase in the final consumption with 1.1 % and gross fixed capital formation with 0.1%.
 

The third quarter of 2015 GDP at seasonally adjusted data increased by 2.9% compared to the same quarter of the previous year. Gross value added increased by 1.6%.
 

As regards the expenditure components of GDP, the final consumption registered a positive economic growth by 1.1%. Gross fixed capital formation recorded decrease by 0.9% compared to the same quarter of the previous year. Exports and imports of goods and services increased by 2.6% and 1.2%, respectively.