Home News Romania’s GDP Growth in the Fourth Quarter Has Been Revised Down Slightly

Romania’s GDP Growth in the Fourth Quarter Has Been Revised Down Slightly


According to the most recent figures from the statistical office, Romania’s economic development accelerated somewhat less than expected in the fourth quarter of 2022.

GDP grew 4.5 percent year on year in the December quarter, quicker than the revised 3.7 percent increase in the previous three months. That was slightly lower than the 4.6 percent seen in the previous estimate released on March 8.

Seasonally adjusted GDP growth increased to 4.8 percent in the third quarter, up from 4.4 percent in the previous quarter. The initial report said that the pace of expansion was 4.9 percent.

Total final consumption increased by 3.0 percent over the previous year, while gross fixed capital formation increased by 2.2 percent.

The change in inventories contributed favorably by 0.4 percent, while net exports fell by 0.8 percent.

GDP increased by 1.0 percent seasonally adjusted in the fourth quarter, following a 1.2 percent increase in the third quarter. Figures remained unchanged from the prior report.

Source: RTT NEWS
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Previous articleLow or No Value for Rental Income in Türkiye
Next articleException for Rental Income from a House in Türkiye


Please enter your comment!
Please enter your name here