Romania Economy Report Q1 2016

GDP went up by a real 4.3% y/y in Q1 2016

The country’s GDP increased by a real 4.3% y/y and totalled RON 28.773 bln in Q1 2016, according to provisional data of the National Institute of Statistics (INSSE).

Final consumption increased by 9.3% y/y to RON 32.459 bln. Gross capital formation went up by 7.0%, contributing 19.4% to the GDP. Exports increased by 2.9%, while imports rose by 8.0%.