INS has revised the economic performance for the first nine months of 2025, following the publication of the second set of provisional data on Friday. This update follows a previous report on December 5, 2025 which had estimated a more modest economic growth of 0.8% in unadjusted data and 1.4% in seasonally adjusted data for the first nine months of 2025.
The country’s gross domestic product (GDP) increased by 1.7% in unadjusted data and by 1.5% in seasonally adjusted data in the third quarter (Q3) of 2025 compared to the same period of 2024. The seasonally adjusted data of quarterly GDP did not change as a result of the revision of estimations for Q3/2025 compared to provisional (1) data published on December 5, 2025.
Romania’s economy shrank by 0.2% in the third quarter of 2025 versus the second quarter of 2025.
In terms of value, in seasonally adjusted data, the GDP anticipated for the January-September 2025 period amounted to RON1,416 billion current prices, increasing – in real terms – by 1.5% against the year-earlier period.
In unadjusted data, the GDP predicted for the January-September 2025 period amounted to RON1,339 billion current prices, increasing – in real terms – by 0.9% against the year-earlier review period.
In terms of resources, INS announces that the volume of gross value added (GVA) by industries changed significantly between the current estimation and that in early December, as follows:
– Agriculture, forestry and fishing contributed to GDP growth from +0.5% to +0.6% between the two estimations, and the volume of activity did not change compared with the previous estimation (109.2%);
– Industry had the same contribution to GDP increase (+0.2%) in both estimations, and the volume of activity grew by 0.1 percentage points (from 101.1% to 101.2%);
– Construction had the same contribution to GDP increase (+0.8%) in both estimations, and volume of activity edged higher by +0.1 percentage points (from 112.1% to 112.2%);
– Wholesale and retail; repair of motor vehicles and motorcycles; transport and storage; hotels and restaurants contributed to GDP increase from 0.1% to 0.2% between the two estimations, and the volume of activity rose by 0.5 percentage points (from 100.4% to 100.9%);
– Information and communication recorded the same contribution to GDP growth (+0.4%), and the volume of activity did not change compared to the previous estimation (106.1%);
– Professional, scientific and technical activities; activities of administrative services and support services had the same contribution to GDP increase (-0.5%), and volume of activity did not change against the previous estimation (95.3%);
– Public administration and defense; social insurance of public sector; education; health and social assistance had the same contribution to GDP increase (-0.1%) between the two estimations, and the volume of activity did not change versus the previous estimation (99.6%);
– Shows, culture and recreation activities; repair of households goods and other services had the same contribution to GDP increase (+0.1%) between the two estimations, and the volume of activity inched higher by +0.2 percentage points compared with the previous estimation (from 102.3% to 102.5%).
Financial intermediation and insurance, as well as real estate activities had no contribution to GDP growth.
Net taxes on products growth rate decreased by 0.4 percentage points compared with provisional (1) data, from 101.1% to 100.7%.
From GDP uses standpoint, changes in the contribution to GDP growth in Q3/2025 between the two estimations are recorded for:
– Household final consumption expenditure, from +0.1% to +0.5%, as a result of its volume increasing by +0.6 percentage points (from 100.2% to 100.8%);
– Individual final consumption expenditure of general government, from +0.2% to +0.4%, as a result of its volume advancing by +3.4 percentage points (from 102.7% to 106.1%);
– Collective final consumption expenditure of general government, from +0.3% to -0.4%, as a result of the activity volume decreasing by -7.1 percentage points (from 103.2% to 96.1%);
– Gross fixed capital formation, from +2.7% to +1.6%, as a result of the activity volume dropping by -3.3 percentage points (from 108.3% to 105.0%).