site.btaQ1 GDP Goes Up By 3.5% Y-Y

109 ECONOMY-STATISTICS-GDP

Q1 GDP Goes Up
By
3.5% Y-Y


June 6 (BTA) - Between January and March, GDP at current prices amounted to 24,656 million leva, the National Statistical Institute said on Thursday. In euro, GDP totalled 12,606 million euro or 1,801 euro per person. According to seasonally adjusted data, GDP grew by 3.5 per cent year-on-year and by 1.2 per cent compared with the fourth quarter of 2018.

Gross value added (GVA) at current prices amounted to 20, 950 million leva.

In the first quarter of 2019, the relative share of the agricultural sector in the value added of the economy preserved its level from the first quarter of 2018. The share of the industrial sector decreased by 0.4 percentage points to 29.4 per cent. The relative share of value added from services increased from 67.9 per cent in first quarter of 2018, to 68.3 per cent in first quarter of 2019.

Final consumption expenditure accounted for 83.2 per cent of GDP. Investments (gross fixed capital formation) accounted for 15.4 per cent of GDP. The external balance (exports-imports) was positive.

According to seasonally adjusted data, in the first quarter of 2019 GDP increased by 1.2 per cent compared with the previous quarter.

Between January and March, gross value added of the total economy grew by 0.7 per cent. According to preliminary seasonally adjusted data for the first quarter of 2019 final consumption increased by 1.3 per cent and gross fixed capital formation by 0.2 per cent compared to the previous quarter.

In the first quarter of 2019, seasonally adjusted exports of goods and services increased from the previous quarter by 1.9 per cent and imports of goods and services by 1.5 per cent.

During the first quarter of 2019 GDP increased by 3.5 per cent year-on-year, according to seasonally adjusted data. Gross value added was up by 3 per cent. IG/PP

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