The National Institute of Statistics revised down, to 4.7%, the advance of the Romanian economy in 2022, from 4.8% previously, according to the provisional data published on Friday.

The gross domestic product in the fourth quarter of 2022 was, in real terms, higher by 1% compared to the third quarter of 2022, and compared to the same quarter of 2021, the gross domestic product increased by 4.5% on the gross series and 4.8% on the seasonally adjusted series.

The Gross Domestic Product – seasonally adjusted data – estimated for the fourth quarter of 2022 was of 359.725 billion lei in current prices while, on a gross basis, the estimated GDP was, in Q4, of 419.646 billion lei in current prices, according to Agerpres.

On the entire 2022, as a gross series, the estimated gross domestic product was approximately 1,410 billion lei in current prices.

According to the INS, the volume of gross added value registered more important changes in real estate transaction activities (-0.4 percentage points), from 108.8% to 108.4%. The volume of net taxes per product decreased by 0.2 percentage points in the provisional version (2) compared to the provisional version (1), from 105.5% to 105.3%.