The Gross Domestic Product (GDP) in Romania expanded 0.40 percent in the third quarter of 2021 over the previous quarter. source: Institutul National de Statistica

GDP Growth Rate in Romania averaged 0.74 percent from 1995 until 2021, reaching an all time high of 6.10 percent in the first quarter of 1996 and a record low of -11.20 percent in the second quarter of 2020. This page provides - Romania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

GDP Growth Rate in Romania is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania GDP Growth Rate is projected to trend around 2.40 percent in 2023, according to our econometric models.

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Romania GDP Growth Rate

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.40 1.50 6.10 -11.20 1995 - 2021 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2021-12-07 07:00 AM QoQ 2nd Est Q3 0.4% 1.5% 0.3%
2022-01-12 07:00 AM QoQ Final Q3 0.4% 1.5% 0.4%
2022-02-16 07:00 AM QoQ Prel Q4 0.4%

Related Last Previous Unit Reference
GDP Growth Rate 0.40 1.50 percent Sep/21
GDP Annual Growth Rate 7.40 13.90 percent Sep/21
GDP Constant Prices 44081.90 44037.40 RON Million Sep/21
Gross Fixed Capital Formation 13295.70 13490.50 RON Million Sep/21
GDP From Services 14257.20 13898.90 RON Million Sep/21
GDP From Public Administration 1792.60 1797.60 RON Million Sep/21
GDP From Manufacturing 9223.10 9389.20 RON Million Sep/21
GDP From Construction 2150.40 2192.00 RON Million Sep/21
GDP From Agriculture 2989.90 2473.60 RON Million Sep/21