Romania Economy Report Q4 2016

The country’s GDP increased by a real 4.8% y/y and totalled RON 146.490 bln in 2016, according to provisional data of the National Institute of Statistics (INSSE).

Final consumption increased by 7.0% y/y to RON 149.8 bln. Gross capital formation inched up by 0.8%, contributing 23.3% to the GDP. Exports increased by 7.6%, while imports rose by 9.7%.