Bulgaria’s GDP in Q4’12 rose by 0.5% YoY and by 0.1% compared to Q3’12 (seasonally adjusted), according to flash estimates of NSI. Nominal Q4’12 GDP amounted to BGN 21bn.
In Q4’12 GVA amounted to BGN 18.1bn, up by 0.6% YoY and by 0.2% QoQ as GVA in the agricultural and industrial sectors increased by 3.0% YoY (-0.9% QoQ) and 3.2% YoY (+0.8% QoQ), while GVA of the service sector declined by 0.3% YoY (+0.4% QoQ).
By expenditure components, the final consumption grew by 2.3% YoY (flat QoQ), gross fixed capital formation increased by 2.7% YoY (+0.4% QoQ) and exports added 1.8% YoY (+1.3% QoQ). Imports declined by 0.8% YoY (-4.4% QoQ). Growth in the final consumption was driven by a 3.5% YoY rise in individual consumption (+0.1% QoQ), compared to a 1.4% YoY drop (-0.5% QoQ) in collective consumption.
The final consumption accounted for 80.9% of Q4’12 GDP, the gross capital formation for 24.9% while the external balance had negative 5.8% weight.