The seasonally adjusted data of quarterly GDP did not change, as the revision of the estimates for the first quarter of 2019 compared to the provisional (1) estimates released on June 6, 2019 is insignificant.
In seasonally adjusted terms, the country’s GDP estimated for the first quarter of 2019 amounted to RON251.236 billion current prices, increasing in real terms by 1.3% against the fourth quarter of 2018 and by 5.0% against the first quarter of 2018.
The GDP estimated for the first quarter of 2019 amounted to RON200.383 billion current prices, increasing in real terms by 5.0% as against the first quarter of 2018.
As compared to the provisional version (1), the GDP volume is unchanged while the gross value added volume increased by 0.1 percentage points, with the latter boosting its contribution to the GDP growth rate by 0.1 percentage points; the net taxes on products growth rate and contribution decreased by 1.3 and 0.1 percentage points, respectively.
Gross value added volume by industries did not record significant changes, in general, more significant changes being recorded by wholesale and retail; repair of motor vehicles and motorcycles; transport and storage; hotels and restaurants (+0.2 percentage points), information and communications (+0.2 percentage points), real estate (+0.2 percentage points).
From GDP uses standpoint, significant changes in the contribution to the growth rate of GDP between the two estimates were recorded by the expenditure for the final household consumption (from +4.3% to +4.5% as a result of increased activity volume from 106.7% to 107.0%); expenditure for individual and collective final consumption of public administrations (from +0.7% to 0.0%, as a result of decreased activity volume from 103.8% to 100.2%); gross fixed capital formation, from +0.9% to +0.6%, as a result of decreased activity volume from 105.4% to 103.9%; net export, from -3.3% to -2.5%.