The Growth of the Bulgarian Economy between July and September was 3.3%

Business » FINANCE | December 7, 2022, Wednesday // 17:46
Bulgaria: The Growth of the Bulgarian Economy between July and September was 3.3% @webnews.bg

In the third quarter of 2022, the gross domestic product (GDP) grew by 3.3% compared to the same period of the previous year and by 0.6% compared to the second quarter of 2022, according to seasonally adjusted data of the National Statistics Institute, announced today.

The express estimate of statisticians, announced on November 15 (45 days after the end of the period) was for 3.2% annual growth, and 0.6% - quarterly. Growth is slowing compared to the first and second quarters, when annual increases of 4 percent each were reported.

Between July and September, gross value added (GVA) increased by 3.1% on an annual basis and by 0.6% on a quarterly basis (data are preliminary and seasonally adjusted). The most significant is the growth in industry - by 17.7%, while an annual decline of 13.4% was reported in construction. In other activities, the changes are less than 1 percent.

The value of works in the third quarter GDP is BGN 44.959 billion at current prices or BGN 6601 per person.

One employee accounts for BGN 12,152 of the current volume of gross domestic product, with each employee creating an average of BGN 30.9 GDP per hour worked.

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