The Romanian GDP expanded 4.3 percent year-on-year in the third quarter of 2018, in line with preliminary estimates but above a 4.1 percent growth in June quarter, second estimates showed. The economic growth mainly was driven by a 1.4 percent rise in government spending (from -9 percent in Q2). Meantime, private consumption continued to increase (4.4 percent from 5.4 in Q2). On the other hand, investment declined at a faster 1.6 percent, after a 0.6 percent fall in Q2 and net trade contributed negatively to growth as exports rose 2.8 percent while imports increased at a faster 6.5 percent. On a seasonally adjusted quarterly basis, the economy grew 1.9 percent, compared to an upwardly revised 1.5 percent growth in the June quarter. GDP Annual Growth Rate in Romania averaged 3.06 percent from 1996 until 2018, reaching an all time high of 10.70 percent in the second quarter of 2008 and a record low of -8.30 percent in the second quarter of 2009.

GDP Annual Growth Rate in Romania is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Romania to stand at 3.40 in 12 months time. In the long-term, the Romania GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Romania GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 06:00 AM GDP Growth Rate YoY 2nd Est 4.1% 4% 4.1% 4.1%
2018-10-10 06:00 AM GDP Growth Rate YoY Final 4.1% 4% 4.1%
2018-11-14 07:00 AM GDP Growth Rate YoY Prel 4.3% 4.1% 3.3% 3.9%
2018-12-07 07:00 AM GDP Growth Rate YoY 2nd Est 4.3% 4.1% 4.3%
2019-01-10 07:00 AM GDP Growth Rate YoY Final 4.1% 4.3%
2019-02-14 07:00 AM GDP Growth Rate YoY Prel 4.50%
2019-03-07 07:00 AM GDP Growth Rate YoY 2nd Est 4.50%


Romania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.90 1.50 6.10 -7.10 percent [+]
GDP Annual Growth Rate 4.30 4.10 10.70 -8.30 percent [+]
GDP 211.80 187.81 213.61 25.12 USD Billion [+]
GDP Constant Prices 41833.90 40662.40 41833.90 19758.70 RON Million [+]
Gross Fixed Capital Formation 10356.90 10417.20 14236.10 3122.20 RON Million [+]
GDP per capita 10932.33 10162.11 10932.33 4331.57 USD [+]
GDP per capita PPP 23313.20 21670.70 23313.20 9237.08 USD [+]
GDP From Agriculture 3810.00 3095.60 3810.00 1795.80 RON Million [+]
GDP From Construction 1798.00 2048.50 3485.00 961.30 RON Million [+]
GDP From Manufacturing 8985.30 9052.80 9155.30 4750.90 RON Million [+]
GDP From Public Administration 1277.80 1353.20 2018.40 1277.80 RON Million [+]
GDP From Services 11957.00 11503.90 11957.00 3400.90 RON Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.30 4.10 10.70 -8.30 1996 - 2018 percent Quarterly
NSA




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India 7.10 Sep/18
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Mexico 2.50 Sep/18
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Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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