site.btaStatistical Institute Reports 3% Growth of GDP in Second Quarter of 2016

Statistical Institute Reports 3% Growth of GDP in Second Quarter of 2016

Sofia, September 4 (BTA) - The gross domestic product (GDP) at current prices is 21,916 million leva in the second quarter of 2016, the National Statostocal Institute said. In Euro terms the GDP is 11,205 million euro or 1,568 euro per person. According to the seasonally adjusted data, the GDP growth rate in the second quarter of 2016 is 3.0 per cent compared with the same quarter of the previous year and 0.7 per cent compared with the first quarter.

The GDP per person amounted to 3,067 leva. In USD terms, at an average quarterly exchange rate of 1. 73264 BGN/USD 1, the GDP is 12,649 million dollars or 1,770 dollars per person. In Euro terms, the GDP amounted to 11,205 million euro or 1,568 euro per person.

The gross value added (GVA) at current prices in the second quarter of 2016 amounted to 18,853 million leva.

As compared with the second quarter of 2015 the share of the agricultural sector in the gross value added of the economy decreases by 0.4 percentage points to 4.2 per cent. The industrial sector retains its share of 29.3 per cent in the value added of the economy. The share of services increases by 0.4 percentage points to 66.5 per cent compared to the same period of the previous year.