ANALYSIS OF QUARTERLY GDP EVOLUTION IN REAL TERMS IN 2017

Madalina-Gabriela Anghel, Constantin Anghelache and Tudor Samson
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Madalina-Gabriela Anghel: „Artifex” University of Bucharest
Constantin Anghelache: Bucharest University of Economic Studies / „Artifex” University of Bucharest
Tudor Samson: Bucharest University of Economic Studies

Romanian Statistical Review Supplement, 2017, vol. 65, issue 12, 127-136

Abstract: Gross Domestic Product is the most complex indicator associated with the GDP per capita and purchasing power parity expresses the way in which conomic growth is achieved in a country. In the case of Romania as in other countries, according to Eurostat methodology, analyzes are made quarterly in order to uncover the trends existing in the evolution of this macroeconomic indicator in the sense of being able to take the necessary measures for the intensification of the economic growth. As the Gross Domestic Product indicator calculated at one year level and the evolution of the gross domestic product quarterly is done in the three phases, successively these data will be corrected. The authors present some methodological aspects regarding the signal estimations and the provisional estimates to ensure a correct picture of Romania’s economic evolution. It also notes that the quarterly gross domestic product signal estimates in Romanian national accounts are achieved by applying the direct method in view of the existence of infra-annual data sources and here we are considering the statistical surveys and other information that allow the calculation of this indicator . In more precise terms, the production method is used in the calculation of this indicator, based on the gross value added at the basic price used in the economy. The authors continue to analyze how gross domestic product evolved in the first three quarters of 2017, compared with the evolution of gross domestic product over the same three quarters, over a longer period from 2015 to 2017. The analysis is also based on the gross series as well as the seasonally adjusted series. To highlight the evolution of this indicator, this evolution is presented graphically between 2000 and 2017. It is noticed that after the crisis that was in the period 2008-2012, in 2013 start growing gross domestic product calculated quarterly.

Keywords: quarterly GDP; gross series; seasonally adjusted series; contribution; fixed capital; final consumption (search for similar items in EconPapers)
JEL-codes: E01 E21 (search for similar items in EconPapers)
Date: 2017
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