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Date stated in the original: 12 September 2014. Review note: 6 November 2026.

The text of the original article

Eurostat — Bulgaria’s GDP increases by 1.6% year on year — image from the original website
Eurostat — Bulgaria’s GDP increases by 1.6% year on year — image from the original website

Seasonally adjusted GDP remained stable in the euro area and rose by 0.2% in the EU in the second quarter of 2014 compared with the previous quarter, according to Eurostat’s second estimates.

Bulgaria recorded quarterly GDP growth of 0.5% in Q2 2014, following 0.3% in Q1 2014, and annual growth of 1.6% compared with Q2 2013, following 1.2% in both Q1 2014 and Q4 2013.

In the first quarter of 2014, gross domestic product (GDP) grew by 0.2% in the euro area and by 0.3% in the EU. Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 0.7% in the euro area and by 1.2% in the European Union in the second quarter of 2014, following increases of 1.0% and 1.4% respectively in the preceding quarter, according to data published by the European Union's statistical office.

In the second quarter of 2014, GDP in the United States increased by 1.0% compared with the previous quarter, following a 0.5% decline in the first quarter of 2014. Compared with the same quarter of the previous year, GDP grew by 2.5%, following a 1.9% increase in the preceding quarter. Among Member States for which second-quarter 2014 data are available, Malta (+1.3%), Latvia and Slovenia (both +1.0%), and Lithuania, Hungary and the United Kingdom (all +0.8%) recorded the highest growth compared with the previous quarter. Romania (−1.0%), Denmark and Cyprus (both −0.3%), and Germany and Italy (both −0.2%) recorded a fall in GDP.