December 10, 2022
In the third quarter of 2022, gross domestic product (GDP) in Bulgaria grew by 3.3% and gross value added (GVA) by 3.1% compared to the third quarter of 2021 (data are preliminary and seasonally adjusted).
The increase in gross value added is determined by the growth in the following economic activities:
Mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply, waste management and remediation activities – 17.7% on an annual basis, Professional, scientific and technical activities; administrative and support service activities – 1.4%, Public administration and defence; compulsory social security; education; human health and social work activities – also by 1.4%, Financial and insurance activities – 0.8%, Real estate activities – by 0.6%. A decline was registered in Construction by 13.4%, in Wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities – by 0.7%, and Arts, entertainment and recreation, repair of household goods and other services – by 0.1%.
Regarding the components of the final use, the impact on the registered economic growth in the third quarter of 2022 had the final consumption with an increase of 4.1% on an annual basis. Exports of goods and services increased by 11.1% and imports of goods and services increased by 9.3% compared to the third quarter of 2021.
Source: National Statistical Institute of Bulgaria
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