September 6 (SeeNews) - Romania's economic growth accelerated to 4.4% year-on-year in the second quarter of 2019, compared to a 4.1% increase in the like quarter of 2018, non-adjusted provisional data of the country's statistical board, INS, indicated on Friday.
On a seasonally adjusted annual comparison basis, Romania's gross domestic product (GDP) growth accelerated to an annual 4.6%, compared with a 4.4% rise in the second quarter of last year, INS data showed, confirming flash estimates published last month.
Compared to the previous quarter, Romania's economic expansion slowed down to 1.0% in the second quarter of 2019, from 1.2% in the first quarter.
Overall in the first half of 2019 Romania's GDP rose by an annual non-adjusted 4.7% and by a seasonally-adjusted 4.8% year-on-year.
Economic growth accelerated to 5% year-on-year in the first quarter of 2019, compared to a 4% rise in the like quarter of 2018, provisional data showed.
The country's 2019 budget bill is built on projections of 5.5% economic growth and envisages a deficit equivalent to 2.76% of GDP.
Details follow,
Romania GDP |
Q2 2019 growth, y/y pct change |
- Final consumption |
4.6 |
- Exports |
0.5 |
- Imports |
3.6 |
- Agriculture |
-1.7 |
- Industry |
-0.7 |
- Construction |
21.1 |
Total |
4.4 |
(1 euro = 4.73 lei)