Statistics: Romanian economy grew by 4.1% in 2018

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The estimated GDP in 2018 was of RON 940,477 billion in current prices, up in real terms by 4.1% against 2017, with highest contribution coming from industry – 24%, the National Statistics Institute (INS) informs on Thursday.

As compared to Q3 2018, the GDP in Q4 was by 0.7% larger and by 4.1% larger against Q4 2017 as gross series and by 4% as seasonally adjusted series.

The estimated GDP in Q4 2018, as seasonally adjusted series, was of RON 241,297 billion in current prices, up in real terms by 0.7% against Q3 2018 and by 4% against Q4 2017, the INS release reads.

European Commission’s recent estimates, in the autumn forecast, read that the economic boom in 2017 slowed down in 2018, with GDP growth down from 7% to about 4%.

The IMF revised the economic growth forecast to 4% for 2018 last autumn.

 

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