Bulgaria Spends 1.87% of GDP on Defense, NATO Report Reveals
Bulgaria's defense expenditure for the year 2023 amounted to $1.9 billion (3.47 billion BGN), representing 1.87 percent of its Gross Domestic Product (GDP)
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgaria's Gross Domestic Product (GDP) expanded by 1.6% in Q2 2014 over the same quarter of the previous year and by 0.5% compared to Q1 2014.
According to Bulgaria's national Statistical Institute flash GDP estimates for Q2 2014, the GDP at current prices amounted to BGN 19 215M. The Gross Value Added (GVA) at current prices amounted to BGN 16 423M.
The services sector has the largest share of 61.2% in total value added, followed by industrial sector (34.0%) and agricultural sector (4.8%).
According to the seasonally adjusted data, the GDP growth rate in the second quarter of 2014has an increase of 0.5% compared with the previous quarter.Gross value added increases in the second quarter of 2014 by 0.6%.
According to flash estimates of GDP by final expenditure in Q2 of 2014 major contribution to the growth registered have the export of goods and services which increases with 1.0%, gross fixed capital formation with 0.8% and individual consumption with 0.1%.
During Q2 2014 GDP at seasonally adjusted data increased by 1.6% compared to the same quarter of the previous year. Gross value added increased by 2.4%. An increase is recorded in industry (4.5%) and the services sector (1.0%), while agricultural sector decreases its level with 1.5%.
As regards the expenditure components of GDP, the final consumption registered a positive economic growth of the individual and the collective consumption by 1.9% and 0.3% compared to the same quarter of the previous year.
Gross fixed capital formation recorded an increase by 3.9% compared to the same quarter of the previous year. Exports and imports of goods and services increased by 2.9% and 1.0%.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
Bulgaria emerges as a surprising leader in the realm of gold ownership, securing its position among the top three countries in Europe per capita
Consumers may have noticed a slight uptick in fuel prices over the past month, with gasoline and diesel seeing modest increases in Bulgaria
Bitcoin, the leading cryptocurrency, has surged to a new record high, surpassing $70,000 for the first time and reaching a peak of around $71,300,
The National Statistical Institute (NSI) has released preliminary data revealing that Bulgaria's gross domestic product (GDP) experienced a modest growth of 1.8% in real terms in 2023
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion