INS reconfirms 8.8 pct growth of Romania’s GDP in T3 2017

The National Institute of Statistics (INS) has reconfirmed its estimations from mid-November about an economic growth of 8.8 percent of GDP, in gross series, compared to the same period of the previous year.

INS says that the GDP for the third trimester of 2017 was RON 236,740 million in current prices.

In seasonally adjusted data, Romania’s GDP grew by 8.6 percent from 2016 and by 2.6 percent from the second trimester of 2017.

T3 2017 was the ninth consecutive trimester that saw economic growth, according to INS.

The volume of gross added value increased by 0.1 percent, with the most important changes appearing in construction (0.2 percent) and information and communications (0.3 percent).

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