September 13, 2022
In the second quarter of 2022, gross domestic product (GDP) in Bulgaria grew by 4.0% and gross value added (GVA) by 4.5% compared to the second quarter of 2021 (data are preliminary and seasonally adjusted).
The increase in gross value added is determined by the growth in following economic activities:
Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply, waste management and remediation activities – 11.9%, Information and communication – 5.6%, Professional, scientific and technical activities; administrative and support service activities – 5.2%, Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities – 4.7%, Financial and insurance activities – 3.9%, while in Construction is observed decline of 16.4% on an annual basis.
Regarding the components of the final use, the impact for the registered economic growth in the second quarter of 2022 is the final consumption with an increase of 5.2% on an annual basis. Exports of goods and services increased by 10.4% and imports of goods and services increased by 16.7% compared to the second quarter of 2021.
Source: REPUBLIC OF BULGARIA NATIONAL STATISTICAL INSTITUTE
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