Bulgaria’s Gross Domestic Product (GDP) expanded with 1.6% in the third quarter of 2014 over the same quarter of the previous year and with 0.5% compared to the second quarter of 2014, show the data of the National Statistical Institute.
According to the flash GDP estimates for the third quarter of 2014, the GDP at current prices amounted to 22 410 million BGN.
In the structure of GDP by the expenditure approach the largest share has the final consumption (70.7%), which in nominal terms amounted to 15 845 million BGN. In the third quarter of 2014 gross capital formation is 4 870 million BGN and has a share of 21.7% in GDP. The external balance (exports minus imports) has a positive sign.
According to the seasonally adjusted data, the GDP growth rate in the third quarter of 2014 increased by 0.5% compared to the previous quarter. Gross value added increased in the third quarter of 2014 by 0.5%.
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