In the second quarter of 2021 the gross domestic product (GDP) increased by 9.6% compared to the corresponding quarter of the previous year and by 0.4% compared to the first quarter of 2021, according to seasonally adjusted data from the National Statistical Institute
GDP in monetary terms, current prices
According to the flash GDP estimates for the second quarter of 2021, the GDP at current prices is BGN 31 085.5 million.
Gross Value Added in the second quarter of 2021 amounted to BGN 26 974.5 million.
In the structure of GDP by the expenditure approach the largest share of 80.2% has the final consumption, which in nominal terms is BGN 24 932.3 million. In the second quarter of 2021 gross capital formation is 5 844.4 million BGN and has a share of 18.8% in GDP. The external balance (exports minus imports) has a positive sign.
Quarter-on-quarter growth rates
According to the seasonally adjusted data , GDP has a growth of 0.4% in the second quarter of 2021 compared to the previous quarter. GVA increase in the second quarter of 2021 is 0.2%.
According to the flash estimate of GDP by final expenditure approach, the reason for the positive GDP growth at seasonally adjusted data in the second quarter of 2021 compared to the previous quarter is the increase in final consumption by 2.5% and gross fixed capital formation by 0.6%.
Growth rates on annual basis
In the second quarter of 2021, according to seasonally adjusted data, GDP increased by 9.6% compared to the same quarter of the previous year. Gross value added increased by 8.2%. Final consumption registered an increase of 6.7%, and gross fixed capital formation increased by 4.2% in the second quarter of 2021 compared to the corresponding quarter of the previous year, according to seasonally adjusted data. Exports of goods and services increased by 20.3% and imports of goods and services increased by 28.6%.