The Gross Domestic Product (GDP) in Romania expanded 1.50 percent in the fourth quarter of 2019 over the previous quarter. Romania GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Romania averaged 0.77 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 2021, according to our econometric models.

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Romania GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 0.60 6.10 -7.10 1995 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-11-14 07:00 AM QoQ Prel Q3 0.6% 0.8% 0.7%
2019-12-05 07:00 AM QoQ 2nd Est Q3 0.6% 0.8% 0.6%
2020-01-14 07:00 AM QoQ Final Q3 0.5% 0.8% 0.6%
2020-02-14 07:00 AM QoQ Prel Q4 1.5% 0.6% 1%
2020-03-10 07:00 AM QoQ 2nd Est Q4 0.6% 1.5%
2020-04-07 06:00 AM QoQ Final Q4 1%
2020-05-15 06:00 AM QoQ Prel Q1 1%
2020-06-09 06:00 AM QoQ 2nd Est Q1

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.