site.btaGDP Down 5.2 Per Cent in Third Quarter of 2020, Year on Year

December 4 (BTA) - According to seasonally adjusted
figures, Bulgaria's gross domestic product (GDP) declined by 5.2
 per cent in the third quarter of 2020 from the comparable
period of 2019 but increased by 4.3 per cent from the second
quarter of 2020, the National Statistical Institute reported on
Friday.

The country's GDP amounted to 31,676 million leva at current
prices (4,572 leva per person) in the third quarter of 2020. In
euro terms, the GDP totalled 16,196 million euro (2,338 euro per
 person). In US dollar terms, the GDP totalled 18,920 million
dollars (2,731 dollars per person).

The gross value added (GVA) generated by the national economy
during the third quarter of 2020 amounted to 27,288 million leva
 at current prices.

The GVA share of agriculture increased by 0.2 percentage points
in the third quarter of 2020, year on year. Industry increased
its GVA share by 1.7 percentage points to 27.5 per cent.
Services (the largest economic sector) decreased their GVA share
 to 66.0 per cent from 67.9 per cent in the third quarter of
2019.

Final consumption expenditure accounted for 76.7 per cent of GDP
 during the third quarter of 2020, and 17.0 per cent of GDP went
 for investments (gross fixed capital formation). The external
balance (exports minus imports of goods and services) was
positive.

According to seasonally adjusted data, the third quarter of 2020
 was a GDP growth of 4.3 per cent from the second quarter. For
the same period, GVA grew by 3.9 per cent. According to
preliminary data, final consumption increased by 3.2 per cent
and gross capital formation by 12.9 per cent for the third
quarter of 2020. Seasonally adjusted figures show a 2.0 per cent
 increase in the exports of goods and services from the second
quarter and a 20.8 per cent growth of imports of goods and
services.

The GDP decreased by 5.2 per cent in the third quarter of 2020
from the third quarter of 2019, according to seasonally adjusted
 data.

The GVA decreased by 4.6 per cent in the third quarter of 2020
from the third quarter of 2019.

A 9.6 per cent decrease of gross capital formation and a 20.8
per cent decline of the export of goods and services contributed
 most to the economic downturn in the third quarter of 2020.
Imports of good and services shrank by 4.3 per cent compared to
the third quarter of 2019. NV/LG

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