Bulgarian GDP grows by 3.1 pct in 2018

Source: Xinhua| 2019-03-07 20:09:58|Editor: xuxin
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SOFIA, March 7 (Xinhua) -- Bulgarian Gross Domestic Product (GDP) grew by 3.1 percent year on year in 2018 in real terms, according to preliminary data released Thursday by the country's National Statistical Institute (NSI).

The nominal value of the GDP for 2018 was 107.925 billion BGN, or 65.108 billion U.S. dollars using the average annual exchange rate of 1.65763 BGN for 1 dollar, the NSI said.

Bulgaria's per capita GDP was 9,237 dollars, the NSI said.

Meanwhile, the gross value added (GVA) at current prices amounted to 93.513 billion BGN, and in real terms it increased by 3.0 percent in comparison with 2017, NSI said.

According to the statistics, the industry's relative share in the GVA of the national economy was 27.4 percent, while the service sector created 68.4 percent of the total GVA and agriculture -4.2 percent.

Bulgaria's GDP grew by 3.6 percent year on year in 2017, 3.4 percent in 2016, 3.6 percent in 2015, and 1.3 percent in 2014.

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