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GDP increase of 3.5% in Romania for 2013

Industry and agriculture are the sectors with the largest contribution to the increase of 3.5% of Gross Domestic Product of Romania, in 2013 versus 2012. As the AMPE, Romanian GDP in the whole of 2013 amounted to 631.130 billion lei. According to preliminary figures released today by the Romanian Statistical Office INS, the manufacturing sector contributed 30% to the GDP, while the volume of industrial activity grew by 8.1%. The sector of agriculture, forestry and fishing contributed 5.6% to the formation of GDP, with an increase in the volume of activity by 23.4%.

Romania

Romania

Positive contribution to GDP growth were also branches of Informatics and Telecommunications, real estate transactions, professional, scientific and technical activities, administrative services and support services . In contrast, a negative contribution to the GDP sectors were construction, wholesale and retail trade, repair of motor vehicles and machinery, transport and storage, hotels and restaurants, and financial intermediation and insurance. GDP growth contributed 4.1% increase by 12.8% of net exports of goods and services for a significantly smaller increase in imports to 2.3%. Positively contributed to the growth in final household consumption by 0.9%.

Romania

Romania

The index of gross fixed capital formation decrease in volume of 5.7% and had a negative contribution to GDP, while the final public consumption decreased by 0,6%. In the fourth quarter of 2013, Romania’s GDP grew by 5.1% based on the seasonally adjusted data over the same quarter of 2012, compared with the third quarter of 2013 increased by 1.5% in real terms.

By Nicole P.

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