Industry and communications, key factors in Romania’s economy; GDP up 2.9 pct in 2014

Newsroom 06/03/2015 | 16:01

Romania’s GDP was 2.9 percent higher last year against 2013, industry and communications having posted the most important contributions, according to statistical data.

Thus, in Q4 2014, the Gross Domestic Product (GDP) increased 0.5 per cent in real terms compared to Q4 2013, the GDP having registered a 2.6 percent growth on the gross series and 2.5 percent on the seasonally adjusted series.

According to the data the National Institute of Statistics (INS) released on Friday, on the seasonally adjusted series, the GDP estimated for the Q4 of 2014 stood at RON 169.518 billion (EUR 38.2 billion) current prices, and on gross series it amounted to RON 198.830 billion (EUR 44.8 billion) current prices.

On gross series, the GDP estimated for 2014 stood at RON 669.509 billion (EUR 150.8 billion) current prices.

Regarding the GDP use, the most important contributions to the increase of the GDP in 2014 were registered by the expense for the final consumption of population households (up 2.9 percent), with a 60.9 percent share in the GDP use and the volume of which increased 4.9 percent and the expense for the final consumption of public administration (up 0.6 percent), with a 14.2 percent share in the GDP use and a volume increase standing at 3.8 per cent.