The National Statistics Institute (INS) has revised upwards, on Friday, the value of the gross domestic product (GDP) for the second quarter of this year against the preliminary data published last month, but has maintained the growth rate at the previously indicated level of 6% against the same period last year, News.ro informs.
The Romanian economy grew in Q2 2016 by 6% as compared to the same period last year, as gross series and by 5.9% as adjusted series to seasonal influences, shows the second set of preliminary data published by INS. The growth rate is the highest recorded since 2008.
As compared to the previous quarter, Romanian economy grew by 1.5% in real terms, data is reconfirmed.
As unadjusted series, the GDP in Q2 was of RON 178.86 billion (about EUR 39.7 billion), according to data published on Friday, whereas the data published on September 6 indicated a lower level by RON 2.5 billion, of RON 176.38 billion (about EUR 39.2 billion).
In H1, the economy grew by 5.2% as gross series and by 5% as seasonally adjusted series.
The GDP was also revised upwards, from RON 323.1 billion, a month ago, to RON 325.57 billion (about EUR 72.3 billion), according to the data published on Friday.
In Q1 this year, the economy grew by 4.3% as compared to the same period in 2015. Last year the Romanian economy advanced by 3.8%, it was the third consecutive year of at least 3% growth.
Thus, the current account of balance of payments has recorded, after the first six months of this year, a deficit of EUR 2.5 billion, almost seven times larger than in the first half of 2015.