The Romanian GDP grew by 5.14% on quarter in the first quarter of 2022, the highest level since the fourth quarter of 2020, following a 1% growth in the fourth quarter of 2021. source: Institutul National de Statistica

GDP Growth Rate in Romania averaged 0.80 percent from 1995 until 2022, reaching an all time high of 6.10 percent in the first quarter of 1996 and a record low of -10.60 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 August of 2022.

GDP Growth Rate in Romania is expected to be -0.10 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 1.20 percent in 2023 and 0.90 percent in 2024, according to our econometric models.

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Romania GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-06-08 06:00 AM QoQ 2nd Est Q1 5.2% 1.0% 5.2%
2022-07-08 06:00 AM QoQ Final Q1 5.1% 1.0% 5.2%
2022-08-17 06:00 AM QoQ Prel Q2 5.1% -1.5%

Related Last Previous Unit Reference
GDP Growth Rate 5.10 1.00 percent Mar 2022
GDP Annual Growth Rate 6.40 2.40 percent Mar 2022
GDP Constant Prices 46111.80 44048.40 RON Million Mar 2022
Gross Fixed Capital Formation 12752.50 12484.20 RON Million Mar 2022
Full Year GDP Growth 5.90 -3.90 percent Dec 2021
GDP From Services 15223.70 14074.90 RON Million Mar 2022
GDP From Public Administration 1816.80 1795.90 RON Million Mar 2022
GDP From Manufacturing 8808.20 8839.30 RON Million Mar 2022
GDP From Construction 2261.80 2100.20 RON Million Mar 2022
GDP From Agriculture 2682.50 2183.30 RON Million Mar 2022

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
5.10 1.00 6.10 -10.60 1995 - 2022 percent Quarterly