The country’s GDP estimated for the fourth quarter of 2022 was, in real terms, higher by 1.0% as compared to the third quarter of 2022;
Compared to the fourth quarter of 2021, Romania’s GDP advanced 4.6% in real terms (in unadjusted data) and 4.9% in seasonally adjusted data.
“The unadjusted data, as well as the seasonally adjusted data, of quarterly Gross Domestic Product were recalculated as a result of the revision of the quarterly estimates for 2021 for reconciling them with the semi-final annual data, published in the release no. 324 of December 21, 2022, as well as a result of the revision of the estimates for Q1-Q4 2022, being modified as compared to the version published in the Press release no. 38 of February 14, 2023,” the INS said in a report on Wednesday.
Most of industries contributed to the GDP growth in 2022 as against 2021. Significant positive contributions had the following industries: – Wholesale and retail; motor-vehicles and motorcycles repair; transport and storage; hotels and restaurants (+1.2%), with a share of 18.6% in GDP, whose activity volume increased by 6.6%; – Professional, scientific and technical activities; activities of administrative services and support services (+0.9%), with a share of 7.0% in GDP, whose activity volume increased by 13.2%; – Information and communication (+1.3%), with a share of 6.6% in GDP, whose activity volume increased by 20.1%; – Construction and Real estate activities recorded an equal contribution in GDP (+0.7%), with a share in GDP of 6.3% and 7.4%, an increase in activity volume by 11.2% respectively by 8.8%.
Agriculture and Industry had a negative contribution in GDP (-0.5%), due to the decreasing level of activity by 11.6%, respectively by 2.3%.