Romania Q4 GDP Growth Revised Down

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Romania's economic growth accelerated slightly less than initially estimated in the final quarter of 2022, the latest data from the Bucharest-based National Institute of Statistics (INS) revealed on Friday.

On an unadjusted basis, gross domestic product (GDP) expanded 4.5% annually in the fourth quarter, faster than the revised 3.7% rise in the preceding three-month period.

That was just below the 4.6% seen in the previous estimate published on March 8. The seasonally adjusted GDP growth improved to 4.8% from 4.4% in the previous quarter.

In the initial report, the rate of expansion was 4.9%. On the expenditure side, total final consumption grew 3% compared to 2021, and gross fixed capital formation showed an increase of 2.2%.

The change in inventories contributed positively by 0.4%, while there was a 0.8% fall in net exports.

Compared to the previous quarter, GDP grew a seasonally adjusted 1% in the fourth quarter, after rising 1.2% in the third quarter.

There was no change in figures compared to the previous report.

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