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INS: Romania’s economy grows 0.7 percent in 2012; GDP, estimated at 587.499 billion lei
03.04.2013, 13:55 | Finance-Banks | 1967 views
Romania’s economy in 2012 grew 0.7 percent in real terms from 2011 and the Gross Domestic Product (GDP) was estimated at 587.499 billion lei current prices, according to the provisional data released by the National Institute of Statistics (INS) on Wednesday. In the first provisional data of March 6, 2013, INS announced a 0.3 percent advance in real terms compared with 2011. According to INS, the Gross Domestic Product estimated for the fourth quarter of 2012 stood at 172.107 billion lei current prices, increasing – in real terms – by 1.1 percent from the fourth quarter of 2011. Compared with the first provisional version released by INS, the GDP dynamic in 2012 as against 2011 advanced 0.4 percentage points, from 100.3 percent to 100.7 percent, mainly on the grounds of the significant improvement in the contribution to the GDP growth of the industry and wholesale and retail trade sectors. Read more on Financiarul.ro
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