The country’s GDP growth in 2021 is below the estimates of economic analysts who had predicted an increase of over 6%.
Romania’s GDP was 0.5% lower in real terms in the fourth quarter of 2021 compared to the third quarter of 2021.
Against the fourth quarter of 2020, the GDP increased by 2.2% in real terms (in unadjusted data) and by 2.7% in seasonally adjusted data.
As a result of the revision of the unadjusted data for including the estimates for the fourth of 2021 in the quarterly series, the seasonally adjusted data were re-estimated, with the volume indices being revised compared to the version published on January 12, 2022 as following: – the results for the first quarter of 2021, compared to the fourth quarter of 2020, had been revised from 102.2% to 102.0%; – the results for the third quarter of 2021, compared to the second quarter of 2021 had been revised from 101.5% to 101.1%; – the results for the third quarter of 2021, compared to the second quarter of 2021 had been revised from 100.4% to 100.1%.
The seasonally adjusted data are quarterly re-estimated due to the change in adopted models, in the number of regression factors used, in the unadjusted data and in the number of available observations.