In seasonally adjusted data, GDP in 1Q/2023 expanded by 2.9% from the same period of 2022.
In terms of value, GDP is calculated in the first quarter of 2023 at RON318 billion current prices, around RON6 billion above the level the board announced in June.
In seasonally adjusted data, GDP is valued at RON394 billion.
From GDP uses standpoint, significant differences in contribution to GDP growth, between the two estimates, were registered by: individual and collective final consumption expenditure of general government, whose weight rose from plus 0.7% to plus 1.6% amid rising activity volumes from 103.8% to 108.7%, and investments in the economy (gross fixed capital formation), whose contribution slid from plus 2.4% to plus 1.9% in the wake of falling activity volumes from 113.2% to 110.4%.
In line with the new estimates by INS, the total collective final consumption contributed 5.8% to GDP growth in the first quarter, from the previously estimated 4.9%.
Along resource categories, gross added value dropped by -0.1%.
(English version by Catalina Apostoiu)