Sofia, Bulgaria: The COVID-19 pandemic had worsely impacted the global economies. Countries across the world are making efforts and planning to revive the disturbed economy by the ongoing viral disease outbreak. The Gross Domestic Product – (GDP) of Bulgaria has witnessed an increase of around 4.2% in the previous year.
The data has been shared by the statistical office of the European country on Tuesday, March 8, 2022.
The National Statistical Institute (NSI), in their recent statement, said that the GDP of the country totalled 132.7 billion levs ($73.9 billion/67.8 billion euro) at current prices the previous year.
It then underscored that in the fourth quarter of 2021 only, the economic output faced a growth of 4.7 percent on an annual comparison basis. This rate has been followed by an increase of 4.6% in the third quarter of the previous year.
Meanwhile, the data reveals that in between the time frame of October-December, the GDP of the country witnessed a hike of 1%, followed by an increase of 0.6% in the third quarter.
At the present prices in the last quarter of the previous year, the GDP of the European nation accounted for around a total of 38.4 billion levs, the NSI further underscored in its data.
On the other hand, the other European nation – Romania, had a growth of around 5.9% in the previous year, according to the provisional data revealed by the country’s statistical board – INS on Tuesday.
The fourth quarter of the last year saw an increase of 2.4%, and for the third quarter, it was around 6.9%. The main component in this increase was the contribution of imports of goods and services, which grew by 13.7% annually in 2021. On the other hand, the percentage of the country’s exports rose by 11.1%.
Meanwhile, the agricultural sector of the country fell by 13.5 percent in the last year.