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Nominal productivity reached 660 euro monthly per person.
submited on 30.06.2006 in category Macroeconomic developments
submited on 30.06.2006 in category Macroeconomic developments
Gross value added (GVA) in the non-farm business reached 18 billion euro in the year to March. Business sector excludes the public sectors like administration, healthcare and education. Non-farm business excludes also agriculture for which no reliable statistics is available.
Nominally speaking, Bulgarian economy keeps growing at some 10% per annum according to the GDP data. GVA in the non-farm business grows even quicker – at 12.8% in the year to March. However if we try to estimate real growth (here we suggest to use the industrial production deflator) we would see that non-farm business GVA slowed down its growth (from 8.1% in 2005 down to 7.7% in the twelve months to March 2006).
Measured in euro, GVA per one employed will reach 800 euro per month sometime in 2008. Currently most of that GVA goes to foreign markets and exports share would rise further. Thus, from the point of view of real incomes, the good question will be how much goods and services may be imported against 800 euro.
Nominally speaking, Bulgarian economy keeps growing at some 10% per annum according to the GDP data. GVA in the non-farm business grows even quicker – at 12.8% in the year to March. However if we try to estimate real growth (here we suggest to use the industrial production deflator) we would see that non-farm business GVA slowed down its growth (from 8.1% in 2005 down to 7.7% in the twelve months to March 2006).
Measured in euro, GVA per one employed will reach 800 euro per month sometime in 2008. Currently most of that GVA goes to foreign markets and exports share would rise further. Thus, from the point of view of real incomes, the good question will be how much goods and services may be imported against 800 euro.
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