Romanian GDP up 1% YoY in Q4 2023, up 2% YoY in 2023, According to First Estimate

According to the latest estimate of the Romanian GDP, it grew by 1% YoY in Q4 2023, while it decreased by 0.4% compared to Q3 2023. Furthermore, in 2023, it recorded a 2% increase YoY.

During Q4 2023, the Romanian GDP increased by 1% YoY for the seasonally adjusted series and 2.9% YoY for the unadjusted series. However, compared to the Q3 2023, the GDP decreased by 0.4% in real terms. Lastly, according to the first estimate for 2023, the GDP increased by 2% YoY.

Seasonally adjusted quarterly YoY GDP development (Q1 1996 – Q3 2023, %)

Source: Romanian National Institute of Statistics, InterCapital Research

We would like to note that no detailed data is available for this press release, with the more detailed release scheduled for 8 March 2024.

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