NW 19:49:32 17-11-2020
DS1947NW.119
119 ECONOMY - BALANCE OF PAYMENTS - CENTRAL BANK - SEPTEMBER

January-September Balance on Goods
Shows Deficit of
EUR 920.4 Mln - Central Bank


Sofia, November 17 (BTA) - In September 2020, Bulgaria's balance on goods showed a deficit of 136 million euro, compared with a deficit of 150.5 million euro the same month of 2019, the Bulgarian National Bank reported here on Tuesday. In January-September 2020, the balance on goods was negative at 920.4 million euro (1.6 per cent of GDP), compared with a deficit of 1,948.3 million euro (3.2 per cent of GDP) the same time last year.

The export of goods was worth 2,478.8 million euro in September 2020, increasing by 11.2 million euro (0.5 per cent) from September 2019. The January-September export totalled 19,954.4 million euro (35.2 per cent of the GDP), down by 1,660.4 million euro from the like period of 2019, when it was 35.3 per cent of GDP.

The import of goods totalled 2,614.7 million euro in September 2020, decreasing by 3.3 million euro (0.1 per cent) from this time last year. Imports added up to 20,874.3 million euro in January-September (36.8 per cent of the GDP), dropping by 2,688.4 million euro (11.4 per cent) from this time last year.

The balance on services showed a surplus of 141.5 million euro in September 2020, down from 541.2 million euro in September 2019. It added up to a surplus of 2,110 million euro (3.7 per cent of GDP) in January-September 2020, down from 4,084 million euro (6.7 per cent of GDP) this time last year.

The current and capital account showed a deficit of 116.3 million euro in September 2020, compared with a surplus of 432 million euro this time last year. The January - September 2020 current and capital account had a surplus of 1,390.8 million euro (2.5 per cent of GDP), compared with a surplus of 2,780.6 million euro (4.5 per cent of GDP) in January - September 2019.

The current account had a deficit of 183.5 million euro in September 2020 (down from a surplus of 364.1 million euro in September 2019), adding up to a surplus of 651.9 million euro in January-September 2020 and 1.1 per cent of the GDP (down from 2,095.8 million euro and 3.4 per cent of the GDP in January-September 2019).

The capital account had a surplus of 67.2 million euro in September (down from 67.9 million euro in September 2019), adding up to a surplus of 738.8 million euro in January-September 2020 and 1.3 per cent of the GDP (up from 684.7 million euro and 1.1 per cent of the GDP in January-September 2019).

The financial account showed a surplus of 108.7 million euro in September 2020, down from a surplus of 438.3 million euro this time last year. It added up to a surplus of 3,761.6 million euro in January-September 2020 (6.6 per cent of GDP), which is up from 2,400.9 million euro (3.9 per cent of GDP) this time last year.

Snap statistics show foreign direct investment (FDI), reported according to the directional principle, increased by 268.9 million euro in September 2020, compared with an increase by 53.3 million euro in September 2019. FDI increased by 729.5 million euro in January-September 2020, which was worse than the increase by 1,056.3 million euro in January-September 2019.

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