Romania’s economy grew by 4.7% year-on-year in the third quarter of 2022, compared to a 7.6% annual increase over the same period last year, the country’s statistical board said on Wednesday, citing provisional data that confirms earlier flash estimates, according to See News.
Final household consumption volume rose by 1.6% on the year between July and September, INS said in a statement.
The agricultural sector’s output saw 7.2% growth, while gross fixed capital formation rose by 0.4%. The output of the industrial sector rose by 3.9%, while the construction sector grew by 2.5% on the year.
The imports of goods and services decreased by an annual 3.1%, while exports grew by 2.4% year-on-year during the third quarter of 2022.
On a seasonally adjusted annual comparison basis, Romania’s gross domestic product (GDP) between January and September grew by a real 5% compared to the like period of 2021.
When compared to the previous quarter, the economy grew by 1.3% in the third quarter of 2022, at the same pace as in the second quarter and after registering 1.5% increase in the first quarter of the same year.
Romania’s economic output will increase by an estimated 4.6% in 2022, finance ministry analysts said in October, revising their previous forecast for 3.5% growth.
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