Study on the Historical Evolution of Gross Domestic Product in Romania

Constantin Anghelache, Madalina-Gabriela Anghel, Andreea – Ioana Marinescu, Maria Mirea and Alexandra PETRE (olteanu)
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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
Maria Mirea: Bucharest University of Economic Studies
Alexandra PETRE (olteanu): Bucharest University of Economic Studies

Romanian Statistical Review Supplement, 2018, vol. 66, issue 3, http://www.revistadestatistica.ro/supliment/wp-content/uploads/2018/03/RRS_03_2018_08en.pdf

Abstract: Gross domestic product has always been the most comprehensive indicator of the results of a country’s economy over a given period of time. In a certain period, that of the stagnated economy in 1945 (1947) and until 1989, this macroeconomic indicator was called the global social product. The social product was nothing but the gross result registered by the Romanian economy, as it is to a certain extent, with small differences, the gross domestic product. The Social Producer Indicator or Gross Domestic Product Indicator has national relevance to present the final results, with some differences depending on the concept in which these indicators are calculated. Thus, the total social product is calculated in the concept of material production in the sense that gross added value brings only the activity of material production, and not other services that are not directly related to material production. Gross Domestic Product is a much more complex, more synthetic and realistic indicator of the results achieved by the economy of a country. Thus, gross domestic product is based on the fact that it aggregates any gross value added that is made in the territory of a country or by the economic agents of a country in the country and abroad in a period of time, regardless of whether it is made in the material production of goods or services. In fact, in the level of evolution of a country the weight of services is becoming more and more important because they are meant to ensure a fuller satisfaction of the needs of the country’s population. And in the period when in Romania the social-economic system was super-staged, there was a system of correlative tables on the international level to ensure the comparability of the indicators, which the United Nations statistics body emphasized. In this context, the authors analyze in this article the stage where the methodology for calculating the macroeconomic indicators of results has evolved, regardless of whether it was called total social product or gross domestic product. There are presented tables and graphs that attest the level of achievement of the successive periods Romania has also experienced in its historical socio-economic evolution.

Keywords: Gross Domestic Product; Resources; Uses; Economic Process; Branch (search for similar items in EconPapers)
JEL-codes: E31 O11 O47 (search for similar items in EconPapers)
Date: 2018
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