GDP up by 5.6% in 2021, lower by 0.5% in Q4

The National Institute of Statistics announced on Tuesday the first data on the slowdown in economic activity. Gross Domestic Product decreased by 0.5% in October-December compared to the previous quarter. The same data show that throughout the year, Romania recorded an economic growth of 5.6%, well below the initial expectations of 7%.

In Q4 2021, as compared to the previous quarter, the Gross Domestic Product decreased by 0.5%. As compared to the same quarter of 2020, the Gross Domestic Product increased by 2.7%.

As compared to the same quarter of 2020, Gross Domestic Product in Q4 2019 increased by 2.2%. In the year 2021, the Gross Domestic Product increased by 5.6%, as compared to 2020.

As a result of the revision of the unadjusted series for including the estimates for Q4 2021 in the quarterly series, the seasonally adjusted series were reestimated, the volume indices being revised as compared to the version published in the Press release no. 9 of 12 January 2022 as following:
the results for the first quarter of 2021, as compared to the fourth quarter of 2020, had been revised from 102.2% to 102.0%;
the results for the third quarter of 2021, as compared to the second quarter of 2021 had been revised from 101.5% to 101.1%;
the results for the third quarter of 2021, as compared to the second quarter of 2021 had been revised from 100.4% to 100.1%.

GDPgross domestic productnational institute of statisticsQ4quarterRomaniaslowdown
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