site.btaQ4 2016 GDP Per Employed Up 2.9% Y/Y

Q4 2016 GDP Per Employed Up 2.9% Y/Y

Sofia, March 7 (BTA) - According to preliminary data, in the fourth quarter of 2016 GDP per employed increased by 2.9 per cent year-on-year, the National Statistical Institute said Tuesday.

The employed in the economy number 3,289,400 and the total number of work-hours - 1,383.9 million. The structure of employment by economic activities in the fourth quarter of 2015 and 2016 shows an increase of the relative share in the services sector.

One employed accounts for 7,843.3 leva of the current volume of GDP, each employed generating an average 18.6 leva GDP per hour.

The gross value added average per employed actually increased by 2.4 per cent, and by 2.3 per cent per man-hour compared to the same period in 2015.