5% growth for Romania’s GDP

Romania’s Gross Domestic Product of the first trimester of 2019 was 1.3% higher in real terms reported to the last quarter of last year and 5% higher on both the gross series and the seasonally adjusted series compared to the similar period of 2018, according to provisional data published today by the National Institute of Statistics.

The Gross Domestic Product Estimated for the first quarter of 2019 was 251.236 billion ROL, current prices rising – in real terms – by 1.3% compared to Q4 2018 and by 5% compared to Q1 2018.

A 5.5% growth of the Romanian economy is estimated this year, according to the Convergence Program 2019-2022 published by the Ministry of Finance, due to the positive contribution of domestic demand (6.1 percentage points).