Nine-month GDP sees 5.1% growth

Romania’s Gross Domestic Product calculated by the National Institute of Statistics (INS) for the first nine months of the year stood at 771,780.5 billion ROL, up 5.1% as compared to the year-ago period, following the positive evolution posted by agriculture, silviculture and pisciculture.

The gross added value obtained in the three fields amounted to 81,809.9 billion ROL, 21.2% higher as compared to the year-ago period, when the weather conditions badly affected agricultural production.

Investments made in the economy during the first ten months of the year totaled 85,772 billion ROL, having posted a 4% increase in real terms as compared to the year-ago period.

Industry posted an 8.2% increase in the gross added value, up to 240,999.6 billion ROL, with a 5.1% gain registered in the construction sector, up to 35,920.1 billion ROL.

On the other hand, the gross added value posted a relatively constant evolution in the field of services as compared to the first nine months in 2000, with only 1.1% in growth, up to 343,482 billion ROL.

Total final consumption posted 5.8% in growth as compared to the year-ago period. The final household consumption increased by 6.8%, while the final public administration consumption boasted 2.4% in growth.

The 5.8% decrease in the final private administration consumption was directly triggered by the lower expenses of political parties which, during the year-ago period, attended local elections and were preparing for parliament and presidential elections, according to INS.

Investments grew six percent, while the investment rate was 20.7% as compared to the 20.2% level posted during the similar period of last year. Investments in new construction works, made between January-September 2001, totaled 36,370 billion ROL, up 4.7% as compared to the year-ago period.

Moreover, investments aimed at equipment and transportation means amounted to 39,067 billion ROL, about 5% higher as compared to the investment level posted during the same period of 2000.

Total investments in the private sector stood at 48,584 billion ROL over the first ten months of the year, up 2.2% as compared to the year-ago period.

Net exports during the first nine months of 2001 amounted to 54,561.1 billion ROL, higher than the level posted during the year-ago period, following the bigger dynamics of goods and services imports (+22.8%) against the exports of goods and services (+16.4%).