The country’s economy increased by 2.4% in real terms in the first quarter of 2023 compared to the same period of 2022 and by 1.1% in real terms in the second quarter of 2023 compared to the same quarter of 2022.
In seasonally adjusted data, Romania’s GDP rose by 2.9% on the year in the first quarter of 2023 and by 2.7% on the year in the second quarter of 2023.
Compared to the first quarter of 2023, the country’s economy inched up 0.9% in the second quarter of 2023.
As a result of the revision of the unadjusted data by including the GDP estimation for the second quarter of 2023 in the quarterly data, the seasonally adjusted data were recalculated and the volume indices were revised compared to the second provisional version of the GDP data for the first quarter of 2023, published in the press statement no. 172 of July 7, 2023, as such:
-the results of the second quarter of 2022, compared to the first quarter of 2022, were revised from 100.7% to 101.0%;
-the results of the third quarter of 2022, compared to the second quarter of 2022, were revised from 101.0% to100.4%;
-the results of the fourth quarter of 2022, compared to the third quarter of 2022, were revised from 101.0% to 100.9%;
-the results of the first quarter of 2023, compared to the fourth quarter of 2022, were revised from 100.2% to 100.5%;
Seasonally adjusted data are recalculated on a quarterly basis in accordance with the European recommendations.