Gross Domestic Product (GDP) expanded with 2.2% in the second quarter of 2015 compared to the same quarter of the previous year and with 0.4% compared to the first quarter of 2015 according to the seasonally adjusted data. This is revealed by the flash estimates of the National Statistical Institute.
GDP in monetary terms, current prices
According to the flash GDP estimates for the second quarter of 2015, the GDP at current prices amounted to 20 920 million BGN.
GVA in the second quarter of 2015 amounted to 17 901 million BGN.
In the structure of GDP by the expenditure approach the largest share has the final consumption (78.3%), which in nominal terms amounted to 16 380 million BGN. In the second quarter of 2015 gross capital formation is 4 787 million BGN and has a share of 22.9% in GDP. The external balance (exports minus imports) has a negative sign.
Quarter-on-quarter growth rates
According to the seasonally adjusted data1, the GDP growth rate in the second quarter of 2015 is 0.4% compared to the previous quarter. Gross value added increased in the second quarter of 2015 by 0.5%.
According to the flash estimates by final expenditure the GDP growth in the second quarter of 2015 is determined by an increase in the final consumption with 0.7 % and gross fixed capital formation with 0.3%.
Growth rates on annual basis
The second quarter of 2015 GDP at seasonally adjusted data increased by 2.2% compared to the same quarter of the previous year. Gross value added increased by 1.8%.
As regards the expenditure components of GDP, the final consumption registered a positive economic growth by 2.1%. Gross fixed capital formation recorded an increase by 1.4% compared to the same quarter of the previous year. Exports and imports of goods and services increased by 3.6% and 7.5% respectively.