The INS revised down growth in the final quarter of last year from 1.1% (compared to the previous quarter) to 1%, according to a statement sent on Wednesday, which detailed “signal” data.

Economic growth in 2021 remained at 4.6%, with seasonally adjusted (day-adjusted) growth revised up from 5% to 4.9%.

The revisions were necessary, the INS explains, to ensure consistency with the annual data — the semi-final version released in press release no. 324 dated 12.21.2022 Changes in the volume of gross domestic product for the quarters of 2021, the semi-accurate version is related to reporting on the refined base, respectively, 2020, the final version.

The revision took place as a result of the application of the new policy for the revision of macroeconomic indicators, developed to comply with the requirements of Regulation 2304/2016 regarding the modalities, structure, periodicity and indicators of assessment of reports on the quality of data transmitted in accordance with Regulation (EU) No. 549/2013 of the European Parliament and the Council, statistics also claim.

Most sectors of the economy contributed to GDP growth in 2022 compared to 2021, more important positive contributions

• Wholesale and retail trade; repair of motor vehicles and motorcycles; transport and storage; hotels and restaurants (+1.2%), with a weight of 18.6% in the formation of GDP and the volume of whose activities increased by 6.6%;

• Professional, scientific and technical activities; provision of administrative services and provision of auxiliary services (+0.9%) with a weight of 7.0% in the formation of GDP, the scope of which increased by 13.2%;

• information and communication (+1.3%), with a weight of 6.6% in the formation of GDP and the scope of which increased by 20.1%;

• Construction and real estate operations with an equal contribution to GDP growth (+0.7%), having a weight in GDP formation of 6.3% and 7.4%, respectively, and the volume of activity of which increased by 11.2%, respectively 8.8 %;

• Agriculture and industry had a negative contribution to the change in GDP (-0.5%) due to a decrease in their activity by 11.6% and 2.3%, respectively.

From the point of view of GDP use, growth was mainly due to consumption by the population, the volume of which increased by 5.5%

The economy also grew due to investments, the volume of which increased by 9.2%, contributing to GDP growth by +2.2%.

Net exports had a negative contribution to the change in GDP (-0.8%), which was the result of an increase in the volume of imports of goods and services by 9.2%, which correlated with a smaller increase in the volume of exports of goods and services by 8.6%.