The Romanian gross domestic product grew 13 percent year-on-year in the second quarter of 2021, rebounding sharply from a 0.2 percent contraction in the previous period. This was the first time expansion in the GDP, since Q1 2020 and the fastest pace since the series began in 1996, amid easing the lockdown measures to contain the spread of the coronavirus and a low base effect last year. The government expenditure rebounded sharply (7.8% vs -1.8% in Q1), while household consumption expanded faster (10.1% vs 0.8%). At the same time, fixed investment grew faster (12.0% vs 11.7%). Meanwhile, net external demand contributed negatively to the GDP, as exports expanded by 40.3 percent (vs -0.2% in Q1) while imports rose at a faster 40.4 percent (vs 4.7% in Q1). On a seasonally adjusted quarterly basis, the economy advanced 1.8 percent, easing from a 2.5 percent growth in the first quarter. source: Institutul National de Statistica

GDP Annual Growth Rate in Romania averaged 3.06 percent from 1996 until 2021, reaching an all time high of 13 percent in the second quarter of 2021 and a record low of -10 percent in the second quarter of 2020. This page provides the latest reported value for - Romania GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Romania GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

GDP Annual Growth Rate in Romania is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania GDP Annual Growth Rate is projected to trend around 6.50 percent in 2022 and 5.00 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Romania GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
13.00 -0.20 13.00 -10.00 1996 - 2021 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-08 06:00 AM YoY 2nd Est Q1 -0.2% -1.4% -0.2%
2021-07-08 06:00 AM YoY Final Q1 -0.2% -1.4% -0.2%
2021-08-17 06:00 AM YoY Prel Q2 13.0% -0.2% 14.5% 12.1%
2021-09-07 06:00 AM YoY 2nd Est Q2 13% -0.2% 13.0%
2021-10-08 06:00 AM YoY Final Q2 -0.2%
2021-11-12 07:00 AM YoY Prel Q3 8%
2021-12-08 07:00 AM YoY 2nd Est Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Romanian Q2 GDP Annual Growth Hits Record High
The Romanian gross domestic product grew 13 percent year-on-year in the second quarter of 2021, rebounding sharply from a 0.2 percent contraction in the previous period. This was the first time expansion in the GDP, since Q1 2020 and the fastest pace since the series began in 1996, amid easing the lockdown measures to contain the spread of the coronavirus and a low base effect last year. The government expenditure rebounded sharply (7.8% vs -1.8% in Q1), while household consumption expanded faster (10.1% vs 0.8%). At the same time, fixed investment grew faster (12.0% vs 11.7%). Meanwhile, net external demand contributed negatively to the GDP, as exports expanded by 40.3 percent (vs -0.2% in Q1) while imports rose at a faster 40.4 percent (vs 4.7% in Q1). On a seasonally adjusted quarterly basis, the economy advanced 1.8 percent, easing from a 2.5 percent growth in the first quarter.
2021-09-07
Romanian Q2 GDP Annual Growth Hits Record High
The Romanian gross domestic product advanced 13 percent year-on-year in the second quarter of 2021, rebounding sharply from a 0.2 percent contraction in the previous period. This was the first time expansion in the GDP, and the fastest pace since the series began in 1996, amid easing the lockdown measures to contain the spread of the coronavirus and a low base effect last year. On a seasonally adjusted quarterly basis, the economy expanded 1.8 percent, slowing from a downwardly revised 2.5 percent growth in the first quarter 2021.
2021-08-17
Romanian Economy Shrinks 0.2% in Q1
The Romanian gross domestic product shrank 0.2 percent year-on-year in the first quarter of 2021, following a 1.4 percent contraction in the previous period. This was the fourth straight quarter of contraction in the GDP, but the smallest decline in the current sequence, amid easing the lockdown measures to contain the spread of the coronavirus. Net external demand contributed negatively to the GDP, as exports dropped by 0.2 percent (vs -2.3% in Q4) while imports increased 4.7 percent (vs 2.2% in Q4). Also, the government expenditure contracted less (-1.8% vs -2.3% in Q4). On the positive note, household consumption rebounded (0.8% vs -6.2%) while fixed investment grew faster (11.7% vs 6.5%). On a seasonally adjusted quarterly basis, the economy advanced 2.9 percent, faster than a preliminary estimate of a 2.8 percent growth, but easing from a 4.6 percent growth in the fourth quarter 2020.
2021-07-08
Romanian Economy Shrinks 0.2% in Q1
The Romanian gross domestic product shrank 0.2 percent year-on-year in the first quarter of 2021, following a 1.4 percent contraction in the previous period. This was the fourth straight quarter of contraction in the GDP, but the smallest decline in the current sequence, amid an easing the lockdown measures to contain the spread of the coronavirus. Net external demand contributed negatively to the GDP, as exports rose by 0.6 percent (vs -2.3% in Q4) while imports increased at a faster 5.4 percent (vs 2.2% in Q4).On the positive note, both government expenditure (3.0% vs -2.3% in Q4) and household consumption (0.8% vs -6.2%) rebounded, while fixed investment grew faster (9.9% vs 6.5%). On a seasonally adjusted quarterly basis, the economy advanced 2.8 percent, easing from a 4.6 percent growth in the fourth quarter 2020.
2021-06-08

Romania GDP Annual Growth Rate
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.