AcasăEurope NewsRomania's economy up 4pct in 2022 against 2021, according to the National...

Romania’s economy up 4pct in 2022 against 2021, according to the National Statistics Institute

Published on

The estimated gross domestic product (GDP) for 2022 was 1,389.450 billion RON current prices, increasing in real terms by 4% compared to 2021, according to data released by the National Institute of Statistics (INS).

Compared to the semi-final version, in the final version the estimated gross GDP for 2022 is lower by 0.1%.

INS specifies that, in 2022, changes in the contribution to the GDP decrease, between the two estimates, were recorded by the following fields: agriculture, from -1.1% to -0.7%, as a result of the change in the volume of activity by +9, 3 percentage points (from 76.6% to 85.9%); industry, from -0.9% to -2.2%, as a result of the change in the volume of activity by -6.8 percentage points (from 95.4% to 88.6%); constructions, from +0.2% to 0.0%, as a result of the change in the volume of activity by -3.2 percentage points (from 102.5% to 99.3%); wholesale and retail trade; motor vehicle and motorcycle repair; transportation and storage; hotels and restaurants, from +1.5% to +1.3%, as a result of the change in the volume of activity by -0.7 percentage points (from 107.1% to 106.4%); information and communications, from +1.6% to +1.3%, as a result of the change in the volume of activity by -2.4 percentage points (from 122.7% to 120.3%).

Also, there were changes in financial intermediation and insurance, from -0.5% to +0.2%, as a result of the change in the volume of activity by +22.4 percentage points (from 82.8% to 105.2 %); real estate transactions, from +0.9% to +0.8%, as a result of the change in the volume of activity by -1.1 percentage points (from 111.6% to 110.5%); professional, scientific and technical activities; administrative services activities and support services activities, from +1.3% to +1.4%, as a result of the change in the volume of activity by +2.3 percentage points (from 117.7% to 120%); public administration and defense; social insurance from the public system; education; health and social assistance, from +0.2% to +0.6%, the change in the volume of activity increasing by 3.4 percentage points (from 101.1% to 104.5%); performance, cultural and recreational activities; repairs of household products and other services, from +0.4% to +0.2%, as a result of the change in the volume of activity by -8.4 percentage points (from 117.1% to 108.7%).

By categories of uses, in 2022, more important changes in the contribution to GDP growth, between the two estimates, were recorded: the expenditure for the final consumption of households, from +3.5% to +3.1%, as a result of the change in its volume by -0.6 percentage points (from 105.8% to 105.2%); the expenditure for individual final consumption of public administrations, from 0.0% to +0.3%, as a result of the increase in its volume by +3.9 percentage points (from 99.7% to 103.6%); the actual collective final consumption of public administrations, from -0.6% to -0.5%, as a result of the change in its volume by +0.2 percentage points (from 94.3% to 94.5%); gross fixed capital formation from +1.4% to +1.3%, as a result of the change in its volume by -0.5 percentage points (from 105.9 to 105.4%); the variation of stocks, from +0.1% to +0.3%; the net export of goods and services, from -0.3% to -0.5%.

AGERPRES

Latest articles

Seven-tonne cross mounted on National Cathedral’s main dome

A seven-tonne seven-metre-high cross was mounted on Tuesday on the main dome of the...

FinMin Tanczos: We are going to have one of the best tax collection systems in the region

The central administration may have started true digitalisation too late in terms of tax...

Representative of Roma minority in Parliament, Nicolae Păun, on Roma Day: Development is needed

The representative of the Roma minority in Parliament, MP Nicolae Păun, declared on Tuesday,...

UDMR’s Kelemen Hunor: If Antonescu loses elections, there will for sure be a change of gov’t

UDMR (Democratic Union of Hungarians of Romania) leader Kelemen Hunor on Tuesday said that...

More like this

Seven-tonne cross mounted on National Cathedral’s main dome

A seven-tonne seven-metre-high cross was mounted on Tuesday on the main dome of the...

FinMin Tanczos: We are going to have one of the best tax collection systems in the region

The central administration may have started true digitalisation too late in terms of tax...

Representative of Roma minority in Parliament, Nicolae Păun, on Roma Day: Development is needed

The representative of the Roma minority in Parliament, MP Nicolae Păun, declared on Tuesday,...