Romania’s GDP down by 3.9% in 2020

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Romania’s Gross Domestic Product (GDP) has dropped by 3.9% during the pandemic year of 2020, compared to 2019, reads the latest report by the National Institute of Statistics (INS). Although a decrease of 12% has been reported in the second quarter of last year, it was recovered in the last part of 2020.

In Q4 2020, as compared to the previous quarter, the Gross Domestic Product increased by 5.3%.
As compared to the same quarter of 2019, the Gross Domestic Product decreased by 1.7%.

As compared to the same quarter of 2019, Gross Domestic Product in Q4 2019 decreased by 1.5%.
In the year 2020 the Gross Domestic Product decreased by 3.9% as compared to 2019.

As a result of the revision of the unadjusted series for including the estimates for Q4 2020 in the
quarterly series, the seasonally adjusted series were re-estimated, the volume indices being revised as
compared to the version published in the Press release no. 10 of 12 January 2021 as following:
– the results for the first quarter of 2020, as compared to the fourth quarter of 2020, had been
revised from 100.0% to 100.2%;
– the results for the third quarter of 2020, as compared to the second quarter of 2020 had been
revised from 105.8% to 106.1%.

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