Romania posts highest economic growth from EU in Q4 2016

Georgiana Bendre 07/03/2017 | 15:25

Romania registered the highest annual economic growth from the European Union, of 4.8 percent of the GDP in the last quarter of 2016 compared with the similar period of 2015, according to an estimation of the European Office of Statistics (Eurostat).

The Euro zone economy went up by 1.7 percent in the last quarter of 2016 compared with the same period of 2015 and EU had an increase of 1.9 percent. In the third quarter the increase was by 1.8 percent in Euro zone and 1.9 percent in EU.

The highest increases from the EU during October-December 2016 were registered in Romania (4.8 percent), Slovenia (3.6 percent), Croatia (3.5 percent) and Bulgaria (3.4 percent). In the last three months of 2016 there wasn’t registered any decreases of the GDP in EU, except for Greece (-1.1 percent).

Also in the last quarter of 2016, Romania’s GDP registered an increase of 1.3 percent compared with the previous quarter and compared with the increase in the third quarter, which was 0.5 percent.

The highest quarterly increases from EU during October-December 2016 compared with the previous quarter, were registered in Estonia (1.9 percent), Poland (1.7 percent), Latvia (1.4 percent) and Romania (1.3 percent), while Greece had a decrease by 1.2 percent and Finland no growth.

The Euro zone economy registered a quarterly increase of 0.4 percent, similar with the level from the previous three months, while the EU GDP climbed by 0.5 percent compared with the increase by 0.4 percent during July-September 2016.

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Georgiana Bendre | 12/04/2024 | 17:28
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