Bulgaria's GDP Up 6.6% in H2

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Bulgaria's GDP Up 6.6% in H2

According to preliminary data released by the National Statistics Institute (NSI) Bulgaria's GDP in this year's Q2 stands at 12 980.4 mln leva, or 1,686 leva per capita, based on current prices.

Bulgaria's GDP stands at 8.946 mln dollars, or 1,162 dollars per capita (at the average Q2 exchange rate of 1.450965 leva for 1 USD).

Calculated in euros, GDP amounts to 6636.8 mln euros, or 862 euros per capita.

According to the data, the country's GDP has climbed 6.6% versus 2006 Q2.

Gross Value Added of the different sectors of economy stands at 10 751.9 mln leva, at current prices. If calculated according to prices in the respective period a year ago, Gross Value Added increases 8.7%.

The industrial sector increases it relative share in the nation's economy from 33.2% in 2006 Q2 to 33.3% in Q2 this year, and its increase in the GVA stand at 10.5%.

The relative share of the Services sector rose by 0.6 percentage points to 60.3% compared with 2006 Q2. The real GVA has added 9.5% year-on-year.

The share of the Agriculture sector dips 0.7 percentage points from 7.1% in 2006 Q2 to 6.4% this year, which is a 5.3% decline in GVA.

76.1% of the GDP in Q2 was used for individual consumption, which is 5.7% more than in the respective period a year ago.

The export-import balance is negative. Import of goods and services exceeds export by 2 621.6 mln leva in value. Export of goods and services increased by 5.7% compared to 2006 Q2, while import rose by 10.7%.

In the year's second half GDP's nominal value stands at 4473.8 mln leva, or 3,178.8 leva per capita, which is 16625.7 mln US dollars (at the average exchange rate of 1.472045 leva this year), or 2,159.45 dollars per capita.

Second half GDP stand at 12513.2 mln euros, and 1,625.3 euros per capita.

This year's H2 GDP has increased by 6.4% compared with H2 in 2006.

GVA of the different sectors of economy stand at 20141.6 mln leva, which is 8.2% higher than last year's second half.

The Industrial sector generates 33.4% of economy's GVA, which is a 9.1 increase of its share compared with 2006 H2.

The sector of Services added 8.8%, although the sector's relative share slightly declined from 61.1 % in 2006 H1 to 61% in 2007 H1.

The production activity of the agricultural sector declined 2.3% compared with 2006 H1, and the sector's relative share dropped 0.6%.

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