National Institute of Statistics revises upwards economic growth for 2016 to 4.8 pct

The National Institute of Statistics (INS) revises upwards the economic growth for 2016 to 4.8 pct, by 0.1 percent over the temporary version, according to a press release of the institution.

The estimated GDP for 2016 on semi-final data, was over RON 762.341 billion current prices.

“In 2016, the most important changes in the GDP growth contribution, between the two estimations, were registered in the industry, from 0.4 percent to 1.3 percent due to the change of activity volume by 3.5 percentage points (from 101.8 percent to 105.3 percent), constructions from 0.1 percent to 0.7 percent due to the change of activity volume by 10.9 percentage points and the professional , scientific and technical activities, administrative services and support services from 0.5 percent to 0.1 percent due to the change of activity volume by -7 percentage points,” says INS.

On usage categories, in 2016, the most important changes of contribution to the GDP growth, between two estimations, were registered by the expenses for final consumption of households, from 4.6 percent to 4.8 percent due to its volume increase by 0.4 percentage points and the gross fixed capital formation from -0.8 percent to -0.5 percent.

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