The Bulgarian economy grew by 2.9 percent to €9.47bn in the first three months of the year, according to the National Statistics Institute. GDP growth for Q1 increased 0.7 percent q-o-q and 2.9 percent y-o-y. Exports increased by 0.3 percent y-o-y, while imports fell 1.3 percent from the previous year.
The relative share of the agricultural sector to the national economy’s GVA fell 0.3 percent from the previous year to 2.8 percent. The relative share of the industrial sector, including construction, decreased by 0.2 percent to 29.4 percent. The share of the service sector, meanwhile, jumped to 67.8 percent from 67.3 percent in Q1 2015.
