Bulgaria with a Surplus of More Than EUR 2 billion For Q3 of 2017

Business » FINANCE | January 11, 2018, Thursday // 15:41
Bulgaria: Bulgaria with a Surplus of More Than EUR 2 billion For Q3 of 2017 Източник: pixabay

The surplus of Bulgaria's current account for the third quarter of 2017 is EUR 2.2 billion, according to Eurostat data.

For comparison, the country recorded a surplus of EUR 500 million for the second quarter of the year and a surplus of EUR 1.7 billion for the third quarter of 2016, indicating an acceleration both on a yearly basis and on a quarterly basis.

The European Union as a whole has a current account surplus of € 69.4 billion (1.8% of GDP) for the third quarter of 2017, and growth has grown annually and quarterly.

In the third quarter of 2016, the surplus amounted to EUR 44.8 billion (1.2% of GDP) and EUR 47.5 billion (1.2% of GDP in the second quarter of 2017) ).

As far as individual EU countries are concerned, 20 countries has surplus, 6 are with deficit, and two (Belgium and Lithuania) have reached a third-quarter current account balance.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: surplus, economy, deficit

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria