Romanians concluded 2002 with about $2,120 per capita, even though some might not have felt it. The Gross Domestic Product went up to 1,512 thousand billion ROL ($45.9bn), up 4.9% in real terms from the previous year and above the 4.5% official target.
Many did not feel the GDP growth in any way, because it did not show in a higher consumption. Consumption went up only 3% last year compared with 2001, as this factor, which can contribute to economic growth, had to be kept in check for inflation curbing purposes. Households had spent 6.4% more in 2001 compared with 2000.
Statistically speaking, Romanians may have left Bulgarians behind when it comes to GDP per capita last year.
Industry contributed 7.2% more to the gross added value in 2002 (compared with 7.9% more in 2001), while the construction sector increased 6.9% (5.2% in 2001) and services increased 5.2% (1.7% in 2001). The three economic sectors contributed 78.8% to the GDP. The economic growth could have been higher, had it not been for the 3.9% drop of the gross added value registered by the agriculture, because of bad weather.
“The elements that sustained 2002’s economic growth were the increases in exports and investments, the latter being a special accomplishment. The gross domestic product stands chances of going up by 5.2% this year, depending on the agricultural yield,” Development and Prognosis minister Leonard Cazan told Ziarul Financiar.
Investments in the economy last year amounted to 1,984 thousand billion ROL ($6bn) in 2002, up 7.4% compared with 2001 in real terms. The gross capital formation registered an even higher growth, 8.3%. The investment ratio calculated by reporting the investment to the gross added value of the economy rose to 23.6%, from 22.9% in 2001 and 21.4% in 2000.




Subiecte #(2)#000#beyond#capita#GDP#oldid21726#per#Romanian