Romania’s 0.9% GDP growth in 2024 driven by private consumption
Romania’s 0.9% economic growth in 2024 was driven by private consumption, seen in the higher value-added generated by the sector of services to households (retail included), while the net taxes contributed as well significantly,…
iulian ernst · Journalist
· Updated · 2 min read
Romania’s 0.9% economic growth in 2024 was driven by private consumption, seen in the higher value-added generated by the sector of services to households (retail included), while the net taxes contributed as well significantly, particularly in the second half of the year.
The sector of constructions lost momentum in Q4 (-5.3% y/y) dragged down by the 12% y/y plunge in the gross fixed capital formation in Q4, according to detailed data published by the statistics office INS.
