site.btaGDP Growth at 3.5% in Q2

September 5 (BTA) - According to seasonally adjusted
data, GDP growth in the second quarter of 2019 was 3.5 per cent
compared to the same quarter of last year and 0.8 per cent
compared to the previous quarter, the National Statistical
Institute (NSI) reported here on Thursday. According to NSI
preliminary data, this country's GDP amounted to 29,107 million
leva at current prices in the second quarter of 2019. In euro
terms, GDP adds up to 14.998 million euro, or 2,128 euro per
capita.

Gross value added (GVA) at current prices equalled to 25,058
million leva in the second quarter of 2019.

The relative share of the agricultural sector in the value added
 of the economy went up by 0.1 percentage points in the second
quarter compared to the previous quarter. The share of the
industrial sector has decreased by 1.5 percentage points to 28.2
 per cent. The relative share of value added from service
activities has increased from 66.7 per cent in the second
quarter of 2018, to 68.1 per cent in the second quarter of 2019.
 
 
The final consumption expenditure formed 74.6 per cent of GDP in
 the second quarter of this year. Investments (gross fixed
capital formation) composed 20.0 per cent of GDP. The external
balance (exports-imports) is positive.

The gross value added of the total economy has gone up by 1.1
per cent in the second quarter, compared to the previous quarter
 of this year.

According to preliminary seasonally adjusted data for the second
 quarter of  2019, final consumption has decreased by 0.1 per
cent, while gross fixed capital formation has increased by 0.7
per cent, compared to the previous quarter. In the second
quarter of 2019, seasonally adjusted exports of goods and
services have decreased by 2.9 per cent compared to the previous
 quarter, while imports of goods and services have gone down by
5.0 per cent.
 
Gross value added has increased by 3.4 per cent in the second
quarter of this year, compared to the previous quarter. This
indicator is determined by the increase recorded in: real estate
 activities - 6.7 per cent, financial and insurance activities -
 6.2 per cent, information and communication - 3.3 per cent,
professional, scientific and technical activities;
administrative and support service activities - 2.7 per cent,
public administration and defence; compulsory social security;
education; human health and social work activities - 2.2 per
cent.
 
As regards the expenditure components of GDP, the main
contributors to the registered positive economic growth were
collective final consumption - with growth of 3.7 per cent;
individual final consumption - with 2.8 per cent; and gross
fixed capital formation - growth of 2.2 per cent. Exports of
goods and services have increased by 3.7 per cent, whereas
imports of goods and services have dropped by 2.0 per cent.
RY/MY 

/DT/