The Gross Domestic Product (GDP) in Romania expanded 0.50 percent in the third quarter of 2019 over the previous quarter. This was the weakest GDP growth rate since the first quarter last year.

GDP Growth Rate in Romania averaged 0.76 percent from 1995 until 2019, reaching an all time high of 6.10 percent in the first quarter of 1996 and a record low of -7.10 percent in the first quarter of 2009. This page provides - Romania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Institutul National de Statistica

GDP Growth Rate in Romania is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Romania to stand at 1.10 in 12 months time. In the long-term, the Romania GDP Growth Rate is projected to trend around 0.90 percent in 2020, according to our econometric models.


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Romania GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.80 6.10 -7.10 1995 - 2019 percent Quarterly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 06:00 AM GDP Growth Rate QoQ Final Q2 1% 1.2% 1.0%
2019-11-14 07:00 AM GDP Growth Rate QoQ Prel Q3 0.6% 0.8% 0.7%
2019-12-05 07:00 AM GDP Growth Rate QoQ 2nd Est Q3 0.6% 0.8% 0.6%
2020-01-14 07:00 AM GDP Growth Rate QoQ Final Q3 0.5% 0.8% 0.6%
2020-02-14 07:00 AM GDP Growth Rate QoQ Prel Q4 0.5% 1%


Romania GDP Growth Rate
Romania is an upper-middle income economy and has been part of the European Union since 2007. The main industries in Romania are: electric machinery and equipment, textiles and footwear, light machinery and auto assembly, software, mining, timber, construction materials, metallurgy, chemicals, food processing and petroleum refining. On the expenditure side, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (14 percent). Exports of goods and services account for 41 percent of GDP and imports account for 41 percent.

Romania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.80 6.10 -7.10 percent [+]
GDP Annual Growth Rate 3.00 4.40 12.60 -7.40 percent [+]
GDP 239.55 211.41 239.55 25.12 USD Billion [+]
GDP Constant Prices 42820.40 42772.90 42820.40 19609.40 RON Million [+]
Gross Fixed Capital Formation 12536.30 11681.00 14363.70 3222.20 RON Million [+]
GDP per capita 11534.90 11016.80 11534.90 4349.90 USD [+]
GDP per capita PPP 24543.99 23441.61 24543.99 9255.82 USD [+]
GDP From Agriculture 2971.40 3048.80 3378.90 1849.10 RON Million [+]
GDP From Construction 2531.40 2507.10 3600.00 962.70 RON Million [+]
GDP From Manufacturing 9980.40 10048.30 10302.30 4776.90 RON Million [+]
GDP From Public Administration 1743.10 1750.70 2020.50 1280.50 RON Million [+]
GDP From Services 12815.70 12853.00 12853.00 3420.40 RON Million [+]