In the first quarter of 2017, the gross domestic product (GDP) increased by 3.4% compared to the same period of 2016, and by 0.8% compared to Q4 of 2016, shows the data of the National Statistic Institute (NSI).
According to NSI, in the first quarter of 2017, GDP in nominal terms reached BGN 19.594 billion.
The real added value in the first quarter of 2017 was BGN 16.803 billion.
The biggest part in GDP filled the final consumption BGN 17.170 billion or 87.6%.
In the first quarter of 2017, the capital formation was BGN 3.425 billion gross, or 17.5%. The external trade balance was negative.
The reason for the growth was the increased consumption, while the investments slowed down.