Thus, INS upwardly revised the gross domestic product (GDP) growth for Q1/2025 to 0.3% from 0.2% estimated in mid-May 2025.
The annual 0.3% GDP growth was sustained by construction, the IT&C sector, real estate transactions and the public administration. Instead, the industry had a negative contribution, as per the cited data.
The seasonally adjusted data of quarterly GDP were readjusted as a result of the introduction of the estimates for Q1/2025.
Compared to Q4/2024, the GDP saw no changes in Q1/2025.
In terms of resources, the following industries contributed to the GDP growth in Q1/2025 vs Q1/2024:
– Construction (+0.4%), with a share of 4.7% in GDP, whose activity volume advanced by 9.8%;
– Information and communication (+0.1%), with a share of 8.6% in GDP, whose activity volume increased by 1.1%;
– Real estate activities (+0.1%), with a share in GDP of 7.9%, and a 0.8% rise in activity volume;
– Public administration and defence; social insurance of public sector; education; health and social assistance (+0.1%), with a share of 15.4% in GDP, whose activity volume edged 0.3% higher;
– Net taxes on products (+0.3%), with a share in GDP of 8.4%, and a 3.5% increase in volume.
Industry had a negative contribution (-0.5%) to GDP growth, with a share of 16.3% in GDP and a 3.0% decrease in activity volume.
In terms of GDP uses, significant positive contributions came from:
– Final consumption expenditure of households, whose volume advanced 1.9% contributing +1.3% to the GDP growth rate;
– Individual final consumption expenditure of general government whose volume increased by 5.8% contributing +0.5% to the GDP growth rate;
– Collective final consumption expenditure of general government whose volume increased by 6.3% contributing by 0.7% to the GDP growth rate;
– Gross fixed capital formation whose volume increased by 4.3% contributing by 0.9% to the GDP growth rate.
In terms of value, the GDP estimated for Q1/2025 amounted to RON365 billion current prices, increasing – in real terms – by 0.3% against Q1/2024.