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Tag Archives: gross domestic product

GDP up by 5% in Q1 yoy

The Gross Domestic Product (GDP) grew by 5% in Q1 this year as compared with the same period last year, and by 1.3% against the previous quarter, the National Institute of Statistics (INS) informs on Wednesday. As seasonally adjusted series, ...

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Romanian economy up by 4.1% last year, down from 7% in 2017

Romanian economy grew last year by 4.1%, down from an advance of 7% in 2017, the National Statistics Institute (INS) has announced on Thursday, with official figures slightly below the official forecast of 4.5%. In the fourth quarter of 2018, ...

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GDP growth in real terms in 2016 was of 4.8pc

The Gross Domestic Product estimated for 2016, final figures, was of RON 765,135 billion in current prices, up in real terms by 4.8% against 2015, according to a press release from the National Statistics Institute (INS). As compared to the ...

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Economic growth in 2017 was fuelled by consumption, statistics say

Statistics have confirmed on Wednesday that the economy grew by 7% in 2017, an increase based on higher consumption (which climbed by over 10%), while the increasing imports dragged the economy downwards. “A significant negative contribution to the GDP growth ...

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Romania’s economic gap against EU countries is lower, but the ratio between gross national income and GDP has deteriorated – BNR official says

Romania’s economic gap against the EU countries has decreased, but the ratio between the gross national income and GDP has deteriorated over the past 17 years, according to a presentation by Deputy Governor of the National Bank of Romania (BNR) ...

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INS revises the GDP increase estimates for Q2 to 6.1pc

The Gross Domestic Product (GDP) grew by 6.1% as gross series and by 5.9% as seasonally adjusted series in Q2 2017 as compared to Q2 2016, according to the figures released on Tuesday by the National Statistics Institute (INS). In ...

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Update: 5.7pc GDP growth in H1 as adjusted series, highest in the EU – confirmed by Eurostat. No healthy bases, BNR official says

The Gross Domestic Product (GDP) increased in the first half of this year, as gross series, by 5.8%, the National Statistics Institute informs on Wednesday. The economic growth was, as seasonally adjusted series, of 5.7%. In the second quarter GDP ...

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Eurostat: Romania had a budget deficit of 3pc of GDP in 2016

Four EU Member States, including Romania, had a government deficit (calculated on the basis of ESA methodology, the European accounts system) equal to or above 3% of GDP, according to a preliminary estimation published on Monday by Eurostat. Spain recorded ...

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Romanian economy up by 4.8 % in 2016

The Gross Domestic Product (GDP) increased by 4.8% in 2016 as against the previous year, the National Institute of Statistics (INS) informed on Tuesday. Gross domestic product in Q4 2016 was, in real terms, by 1.3% higher, as compared to ...

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