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Romania, second in constructions drop in Q3 2014 – Eurostat

Eurostat: Real household income up by 1pc per year since 2000. Romania registered higher pace

In real terms, household disposable income grew by 16% in total in the EU between 2000 and 2009. Following the financial crisis, it decreased by around 3% between 2009 and 2013 and then rose by 5% between 2013 and 2016, Eurostat informs.

The household disposable income increased by around 18 % in total between 2000 and 2016, representing an average growth rate of 1 % per year.

During 2001-2012 the real household disposable income’s growth in Romania was higher than in the EU states, i.e. 11.1% against 3% in 2001 and 7.7% against 1.9% in 2002. However, in 2003, the household disposable income fell by 2%, whereas in the EU it grew by 1.6%. During 2004-2008 the growth was of 17.5% (2004), 11.1% (2005), 18.6% (2006) and 16.2% (2008).

The financial crisis seriously affected Romania, with the real household disposable income decreasing more than in the EU: -5.6% (2009), – 3.5% (2020) and – 2.8% (2011). Starting with 2012, it grew faster than in the EU: 25.8% in 2013, 6.3% in 2014 and 7.4% in 2014.

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