The Romanian gross domestic product grew 5.3 percent on quarter in the last three months of 2020, after an upwardly revised record 6.1 percent expansion in the third quarter, preliminary estimates showed. For 2020 full year, the economy shrank by 3.9 percent, reversing from a 4.1 percent growth in 2019. source: Institutul National de Statistica

GDP Growth Rate in Romania averaged 0.73 percent from 1995 until 2020, reaching an all time high of 6.10 percent in the first quarter of 1996 and a record low of -12.20 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 February of 2021.

GDP Growth Rate in Romania is expected to be 0.30 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 1.30 in 12 months time. In the long-term, the Romania GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 0.70 percent in 2023, according to our econometric models.

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Romania GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.30 6.10 6.10 -12.20 1995 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-13 07:00 AM QoQ Prel Q3 5.6% -12.2% 5.1%
2020-12-08 07:00 AM QoQ 2nd Est Q3 5.6% -12.2% 5.6%
2021-01-12 07:00 AM QoQ Final Q3 5.8% -12.2% 5.6%
2021-02-16 07:00 AM QoQ Prel Q4 5.3% 6.1% 0.5%
2021-03-09 07:00 AM QoQ 2nd Est Q4 6.1% 5.3%
2021-04-07 06:00 AM QoQ Final Q4
2021-05-14 06:00 AM QoQ Prel Q1 0.3%
2021-06-09 06:00 AM QoQ 2nd Est Q1
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.

Romania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 5.30 6.10 6.10 -12.20 percent [+]
GDP Annual Growth Rate -1.50 -5.70 12.60 -10.30 percent [+]
GDP 250.08 241.63 250.08 25.12 USD Billion [+]
GDP Constant Prices 40330.20 38348.30 43744.00 19609.40 RON Million [+]
Gross Fixed Capital Formation 13766.50 12568.30 14363.70 3222.20 RON Million [+]
GDP per capita 12131.40 11586.50 12131.40 4349.90 USD [+]
GDP per capita PPP 29909.00 28565.50 29909.00 10724.40 USD [+]
GDP From Agriculture 2185.20 2762.00 3378.90 1849.10 RON Million [+]
GDP From Construction 2376.90 2618.00 3600.00 962.70 RON Million [+]
GDP From Manufacturing 9148.80 8037.60 10302.30 4776.90 RON Million [+]
GDP From Public Administration 1712.40 1800.90 2020.50 1280.50 RON Million [+]
GDP From Services 13080.00 11373.10 13425.70 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.