AcasăEurope NewsRomania's economy up 5.8% in 2021 against 2020

Romania’s economy up 5.8% in 2021 against 2020

Published on

The estimated Gross Domestic Product (GDP) for 2021, semi-final data, was 1,187.402 billion lei current prices, increasing, in real terms, by 5.8pct compared to 2020, according to the National Institute of Statistics (INS), Agerpres reports.

Compared to the provisional version, in the semi-final version, the estimated nominal GDP for 2021 increased by 0.5pct.

The INS mentions that, in 2021, more important changes in the contribution to the GDP growth, between the two estimates, were recorded in: industry, from +1pct to +1.3pct, as a result of the change in the volume of activity by +1, 6 percentage points (from 105pct to 106.6pct); real estate transactions, from +0.2pct to +0.8pct, as a result of the change in the volume of activity by +8.2 percentage points (from 102.5pct to 110.7pct).

By categories of uses, in 2021, more important changes in the contribution to the GDP growth, between the two estimates, were recorded in: the actual individual consumption of households from +4.1pct to +5.3pct, as a result of the change in its volume by +1.5 percentage points (from 106pct to 107.5pct); the expenditure for individual final consumption of public administrations from -0.7 to +0.2pct, as a result of the change in its volume by +11.4 percentage points (91.7pct to 103.1pct).

Agerpres

Latest articles

Energy minister Burduja: In December we’ll have Iernut-based heating plant running on gas ready

The heating plant in Iernut will be ready in December, with other investments such...

Romania’s e-commerce sector at roughly EUR 7 bn in 2023

Romania's e-commerce sector is estimated at roughly EUR 7 billion as of the end...

Gov’t seeking orderly energy transition, competitive economy

The government wants Romania to have an orderly energy transition, and at the same...

More like this

Energy minister Burduja: In December we’ll have Iernut-based heating plant running on gas ready

The heating plant in Iernut will be ready in December, with other investments such...

Romania’s e-commerce sector at roughly EUR 7 bn in 2023

Romania's e-commerce sector is estimated at roughly EUR 7 billion as of the end...