The Romanian GDP expanded 5.0 percent year-on-year in the first quarter of 2019, matching preliminary estimates and above a 4.1 percent growth in the December quarter, a second estimate showed. It was the strongest GDP growth since the fourth quarter of 2017, mainly driven by a 6.7 percent rise in private consumption (from 5.3 in Q4). Also, government spending rebounded sharply (4.8 percent from -10 percent in Q4) and investment rose 5.4 percent, after a 3.2 percent fall in Q4. Conversely, net trade contributed negatively to GDP growth as exports rose 3.5 percent while imports increased at a faster 9.5 percent. On a seasonally adjusted quarterly basis, the economy grew 1.3 percent in the first quarter, compared to a 1.0 percent expansion in the prior quarter. GDP Annual Growth Rate in Romania averaged 3.22 percent from 1996 until 2019, reaching an all time high of 12.60 percent in the fourth quarter of 2004 and a record low of -7.40 percent in the third quarter of 1997.

GDP Annual Growth Rate in Romania is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Romania to stand at 2.80 in 12 months time. In the long-term, the Romania GDP Annual Growth Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Romania GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-07 07:00 AM GDP Growth Rate YoY 2nd Est 4.1% 4.2% 4.1%
2019-04-08 06:00 AM GDP Growth Rate YoY Final 4.1% 4.2% 4.1% 4.1%
2019-05-15 06:00 AM GDP Growth Rate YoY Prel 5.0% 4.1% 3.9% 3.9%
2019-06-06 06:00 AM GDP Growth Rate YoY 2nd Est 5.0% 4.1% 5.0% 5.0%
2019-07-08 06:00 AM GDP Growth Rate YoY Final 4.1% 5.0%
2019-08-14 06:00 AM GDP Growth Rate YoY Prel 3.5%
2019-09-06 06:00 AM GDP Growth Rate YoY 2nd Est 3.5%


Romania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 1.00 6.10 -7.10 percent [+]
GDP Annual Growth Rate 5.00 4.10 12.60 -7.40 percent [+]
GDP 211.80 187.81 213.61 25.12 USD Billion [+]
GDP Constant Prices 42388.00 41847.10 42388.00 19609.40 RON Million [+]
Gross Fixed Capital Formation 10627.30 10271.40 14363.70 3222.20 RON Million [+]
GDP per capita 10932.33 10162.11 10932.33 4331.57 USD [+]
GDP per capita PPP 23313.20 21670.70 23313.20 9237.08 USD [+]
GDP From Agriculture 3066.30 2882.70 3378.90 1849.10 RON Million [+]
GDP From Construction 2242.80 2161.00 3600.00 962.70 RON Million [+]
GDP From Manufacturing 10083.20 10299.90 10299.90 4776.90 RON Million [+]
GDP From Public Administration 1725.00 1701.60 2020.50 1280.50 RON Million [+]
GDP From Services 12804.70 12577.10 12804.70 3420.40 RON Million [+]


Romania GDP Annual Growth Rate

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. This page provides the latest reported value for - Romania GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Romania GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.00 4.10 12.60 -7.40 1996 - 2019 percent Quarterly
NSA




Country Last Previous
China 6.40 Mar/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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