The Gross Domestic Product (GDP) in Romania expanded 1 percent in the second quarter of 2019 over the previous quarter. 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.

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 0.90 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.

Romania GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-08 06:00 AM GDP Growth Rate QoQ Final Q1 1.3% 1.0% 1.3%
2019-08-14 06:00 AM GDP Growth Rate QoQ Prel Q2 1.0% 1.2% 0.6%
2019-09-06 06:00 AM GDP Growth Rate QoQ 2nd Est Q2 1.0% 1.2% 1.0%
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 1% 0.7%
2019-12-05 07:00 AM GDP Growth Rate QoQ 2nd Est Q3 0.7%


Romania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 1.20 6.10 -7.10 percent [+]
GDP Annual Growth Rate 4.40 5.00 12.60 -7.40 percent [+]
GDP 239.55 211.41 239.55 25.12 USD Billion [+]
GDP Constant Prices 42772.90 42385.00 42772.90 19609.40 RON Million [+]
Gross Fixed Capital Formation 11681.00 10574.30 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 3048.80 3065.90 3378.90 1849.10 RON Million [+]
GDP From Construction 2507.10 2244.90 3600.00 962.70 RON Million [+]
GDP From Manufacturing 10048.30 10096.80 10302.30 4776.90 RON Million [+]
GDP From Public Administration 1750.70 1733.10 2020.50 1280.50 RON Million [+]
GDP From Services 12853.00 12819.10 12853.00 3420.40 RON Million [+]


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. This page provides - Romania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.20 6.10 -7.10 1995 - 2019 percent Quarterly
SA




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Singapore 0.60 Sep/19
Australia 0.50 Jun/19
Brazil 0.40 Jun/19
Netherlands 0.40 Jun/19
Spain 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Russia 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Saudi Arabia -1.30 Mar/19


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