Bulgaria's Economy Grows by 1.8% in 2023
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
According to preliminary data of Bulgaria's National Statistical Institute (NSI), foreign direct investments (FDI) in the non-financial sector amounted to EUR 22 948 M by 31.12.2013, up by 4.5% compared to 2012.
The largest volume of FDI went to the sector of industry, at EUR 10 011 M, followed by the service sector (wholesale and retail trade; repair of motor vehicles and motorcycles; transport, communication and services; accommodation and food service activities) with EUR 4 688 M.
In 2013, these activities accounted for 64.1% of the total foreign direct investments, while their relative share increased by 0.2 percentage points on an annual basis.
FDI in construction amounted to EUR 918 M in 2013, up by 0.3% on the year.
According to preliminary data of NSI, the actual expenditure on the acquisition of tangible fixed assets in all sectors of the economy amounted to BGN 18 351 M in 2013, down by 3.9% on the year.
The largest volume of investments in tangible fixed assets went to the industry sector, at BGN 5 912 M, followed by the service sector (wholesale and retail trade; repair of motor vehicles and motorcycles; transport, communication and services; accommodation and food service activities) with BGN 4 016 M.
In 2013, these sectors formed 54.1% of total expenditure on the acquisition fixed assets. The investment in tangible fixed assets in the construction sector stood at BGN 1 298 M, up by 19.3% year on year.
In 2013, the structure of expenditure on the acquisition of tangible fixed assets by kind underwent changes.
The relative share of investments for machines and equipment fell by 3.2 percentage points on an annual basis, reaching 32.9%.
The share of expenditure for the purchase of land decreased by 0.2 percentage points to 7.3%.
At the same time, the relative share of expenditure for means of transport increased by 2.1 percentage points and the relative share of buildings and construction equipment went up by 1.5 percentage points, forming 11.4% and 39.8% of the total investments, respectively.
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