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Romania, the biggest economic growth in EU in third quarter

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Romania has recorded in the third quarter of this year, the most significant advance of the Gross Domestic Product (GDP) of the 28 member states of the European Union, 8.6% compared with the corresponding period of the 2016, according to preliminary data released Tuesday by the European Office for Statistics (Eurostat).

According to Eurostat, the GDP of the euro area and the European Union have grown at annual rate of 2.5%, compared with the same period in 2016.

The largest increases in the EU in the period July-September 2017 were recorded in Romania (8,6%), Latvia (6,2%), the Czech republic and Poland (both 5%). There have been reported declines in GDP in the EU in the third quarter of 2017 compared with the same period in 2016.

also, in the third quarter of 2017 compared with the previous three months, GDP of the euro area and the European Union went up by 0.6%, after an advance of 0.7% in the period April-June 2017.

The largest increases quarterly in the EU in the period July-September 2017 were recorded in Romania (2,6%), Latvia (1,5%), Poland and Finland (both 1.1%). The only decline was registered in Denmark, minus 0.3%.

According to estimates of the “signal” published Tuesday by the National Statistics Institute (NSI), the Gross Domestic Product of Romania grew up in 2017 in real terms by 2.6% in the third quarter compared to the previous quarter, while compared to the same period of last year the advance was 8.8% on the gross series and by 8.6% on the seasonally adjusted series.

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