Compared with the second quarter of 2020, the country’s GDP grew by 13% in unadjusted data and by 13.6% for the seasonally adjusted data.
In the first half of 2021, as against the same period of 2020, the country’s GDP increased by 6.5% in unadjusted data and by 6.2% for the seasonally adjusted data.
The GDP flash estimates, as well as the provisional estimates, are affected by the difficulties posed by the pandemic crisis and by the establishment of the state of emergency and the state of alert.
As a result of the revision of the unadjusted data by including the estimates for Q2 2021 in the quarterly data, the seasonally adjusted data were re-estimated, the volume indices being revised as compared to the version published on July 8, 2021 so, the results for the first quarter of 2021, as compared to the fourth quarter of 2020, had been revised from 102.9% to 102.5%;
Romania’s gross domestic product grew 2.9% in real terms in the first quarter of 2021 compared with the fourth quarter of 2020, in line with provisional (2) estimates from the INS. Compared with the first quarter of 2020, first-quarter GDP in 2021 decreased by 0.2% in unadjusted data, but increased by 0.1% for the seasonally adjusted data.