The Gross Domestic Product (GDP) in Romania expanded 1.90 percent in the second quarter of 2021 over the previous quarter. source: Institutul National de Statistica

GDP Growth Rate in Romania averaged 0.75 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 -10.80 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 October of 2021.

GDP Growth Rate in Romania is expected to be 0.50 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 1.90 percent in 2022 and 0.70 percent in 2023, according to our econometric models.

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Romania GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-09-07 06:00 AM QoQ 2nd Est Q2 1.8% 2.5% 1.8%
2021-10-11 06:00 AM QoQ Final Q2 1.9% 2.6% 1.8%
2021-11-16 07:00 AM QoQ Prel Q3 1.9% 1.3%

Romania Last Unit Reference Previous Highest Lowest
GDP Growth Rate 1.90 percent Jun/21 2.60 6.10 -11.10
GDP Annual Growth Rate 13.90 percent Jun/21 -0.20 13.90 -10.10
GDP Constant Prices 44037.40 RON Million Jun/21 43645.20 44037.40 19609.40
Gross Fixed Capital Formation 13490.50 RON Million Jun/21 13075.70 14363.70 3222.20
GDP From Services 13898.90 RON Million Jun/21 13554.20 13898.90 3420.40
GDP From Public Administration 1797.60 RON Million Jun/21 1764.40 2020.50 1280.50
GDP From Manufacturing 9389.20 RON Million Jun/21 9504.90 10302.30 4776.90
GDP From Construction 2192.00 RON Million Jun/21 2229.80 3600.00 962.70
GDP From Agriculture 2473.60 RON Million Jun/21 2774.60 3378.90 1849.10

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.