November 16 (SeeNews) - Romania's economic output increased by 7.2% year-on-year in the third quarter of 2021, compared to 5.6% contraction in the like quarter of 2020, non-adjusted flash data of the country's statistical board, INS, indicated on Tuesday.
On a seasonally adjusted annual comparison basis, Romania's gross domestic product (GDP) rose 8%, INS data showed.
Compared to the previous quarter, GDP edged up 0.3% in the third quarter of 2021.
Overall, in the first nine months of 2021 Romania's GDP rose by an annual non-adjusted 7.1% and by a seasonally-adjusted 6.8% year-on-year.
The country's economic output will increase by an estimated 7% in 2021, finance ministry analysts said in August, revising their previous forecast for 5% growth.
Romania's economy contracted by 3.9% in 2020, compared to a 4.1% expansion in the previous year.
(1 euro =4.9489 lei)