COMPLEX ANALYSIS OF GROSS DOMESTIC PRODUCT AT THE END OF 2017

Constantin Anghelache, Madalina-Gabriela Anghel, Andreea – Ioana Marinescu and Stefan Gabriel Dumbrava
Additional contact information
Constantin Anghelache: Bucharest University of Economic Studies / „Artifex” University of Bucharest
Madalina-Gabriela Anghel: „Artifex” University of Bucharest
Andreea – Ioana Marinescu: Bucharest University of Economic Studies
Stefan Gabriel Dumbrava: .

Romanian Statistical Review Supplement, 2018, vol. 66, issue 2, 132-139

Abstract: The Gross Domestic Product is the most tangible indicator of country results and it expresses how national resources were used over a one-year period. Following the economic-financial crisis, which was very acute in Romania in 2007-2009, an economic recovery process started. Year-on-year, quarter-on-quarter, the results were more and more consistent. In this article we do not have the problem to look at how to grow the Gross Domestic Product, but we will highlight the evolution that was recorded especially in 2017. After a year with good results in 2016, 2017 started with sustained achievements. These are either calculated according to the previous quarter or against the same period of the previous year, showing an increase from one quarter to the next. Also, regardless of whether we analyze the gross series or the seasonally adjusted series, the results in 2017 are close in terms of rhythm growth. We know that Gross Domestic Product is calculated on the basis of initial data, then the semi-definitive version and, finally, the varied final. From a methodological point of view, three steps are necessary to be able to record all data, eliminate errors and make estimates for the most recent data so that they are consistent with the level recorded.In 2017, the Gross Domestic Product has risen from one period to the next, from 2015, and until this year, in the analyzed scenarios, there is no quarter in which we can see either a fall in the previous year or the of the previous quarter. The sustained rhythm shows that in 2015 growth was 4%, in 2016 4.8% and now in 2017 6.9% when comparing gross series data or 7% when calculating the seasonally adjusted series. Gross domestic product growth, driven primarily by consumption, is a positive step, but it needs to be further strengthened by moving to increase this indicator on both consumption and investment. By creating these prerequisites, we can anticipate a sustained growth of the Gross Domestic Product guaranteed for the next period, by achieving, in a higher percentage of domestic investments, foreign direct investment and access to community funds.

Keywords: Gross Domestic Product; growth rate; gross series; direct foreign investment; consumption (search for similar items in EconPapers)
JEL-codes: E20 O11 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.revistadestatistica.ro/supliment/wp-con ... SS_02_2018_A7_EN.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:66:y:2018:i:2:p:132-139

Access Statistics for this article

More articles in Romanian Statistical Review Supplement from Romanian Statistical Review Contact information at EDIRC.
Bibliographic data for series maintained by Adrian Visoiu ().