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
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