Bulgaria to add grey economy to GDP
09. October 2010. | 07:34
Source: Dnevnik
Bulgaria’s black economy has hovered around 10-12% of GDP over the past years, which makes BGN 6 billion out of BGN 60 billion, according to NSI In September, the NSI revised its GDP data for the past 15 years, adding 0.1% to the figure for most of the years.
Bulgaria’s National Statistical Institute (NSI) will adopt a new method of calculating the country’s GDP that will take the shadow economy into account, NSI chief Mariana Kotseva told a session of the parliamentary budgetary committee yesterday.
Bulgaria’s black economy has hovered around 10-12% of GDP over the past years, which makes BGN 6 billion out of BGN 60 billion, according to NSI In September, the NSI revised its GDP data for the past 15 years, adding 0.1% to the figure for most of the years.
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