RSS
IN THE YEAR 2022, AS AGAINST THE PREVIOUS YEAR, THE GROSS DOMESTIC PRODUCT INCREASED BY 4.7%
• Gross domestic product in Q4 2022 was, in real terms, by 1.0%1 bigger, as compared to Q3 2022;
• As against the same quarter of 2021, the Gross Domestic Product recorded an increase by 4.5% for unadjusted series and by 4.8% for seasonally adjusted series;
• The seasonally adjusted series of quarterly Gross Domestic Product were readjusted as a result of the revision of the estimates for Q1-Q4 2022, no significant differences being recorded as compared to the version published in the Press release no. 54 of March 8, 2023.
The evolution of the quarterly Gross Domestic Product for the period 2020 – 2022, unadjusted and seasonally adjusted series, is presented in the table bellow.
The Gross Domestic Product – seasonally adjusted data - estimated for Q4 2022 amounted to 359725.0 million lei current prices, increasing – in real terms – by 1.0% against Q3 2022 and increasing by 4.8% against Q4 2021.
Unadjusted series The Gross Domestic Product estimated for 2022 amounted to 1409783.9 million lei current prices, increasing – in real terms – by 4.7% as against 2021. The Gross Domestic Product estimated for Q4 2022 amounted to 419646.0 million lei current prices, increasing – in real terms – by 4.5% as against Q4 2021.
The contribution of resources and uses to the growth rate of GDP
Resources
In 2022, the change in GDP in the provisional version (2) as compared to the provisional version (1), recorded no significant values, as it can be seen in Table 8. A significant change in the Gross valued added volume was recorded for Real estate activities (-0.4 percentage points), from 108.8% to 108.4%. The volume of net taxes on products decreased with 2 percentage points in the provisional version (2) as compared to the provisional version (1), from 105.5% to 105.3%.
Uses
From GDP uses standpoint, more significant changes in the contribution to the growth rate of GDP in 2022 between the two estimates, were recorded for:
- Individual final consumption expenditure of General government, from -0.2% to +0.3%, as a result of their activity volume increase from 98.0% to 103.6%;
- Collective final consumption expenditure of General government, from -0.2% to +0.5%, as a result of their activity volume increase from 97.6% to 104.8%;
- Gross fixed capital formation, from +2.2% to +1.9%, as a result of their activity volume decrease from 109.2% to 108.0%;
- Net export (with positive impact on GDP uses), from -0.8% to -0.7%, as a result of their activity volume decrease from 113.3% to 112.4%.