Romania GDP Annual Growth Rate  1996-2018 | Data | Chart | Calendar

Romania's gross domestic product grew 6.7 percent year-on-year in the fourth quarter of 2017, below the second estimate of 6.9 percent and easing from a 8.8 percent expansion in the previous period. Growth was driven by household consumption (12.3 percent vs 12.4 percent in Q3) and fixed investment (10 percent vs 6.2 percent). On the other hand, government spending shrank 9.9 percent (vs 1.8 percent in Q3) and net exports contributed negatively to GDP growth as imports jumped 11.9 percent while exports rose at a slower 8.8 percent. On a seasonally adjusted quarterly basis, the economy advanced 0.5 percent, compared to a 2.4 percent growth in the September quarter and slightly below the second estimate of 0.6 percent. For full 2017, the economy grew 6.9 percent, faster than 4.8 percent in 2016. GDP Annual Growth Rate in Romania averaged 3.03 percent from 1996 until 2017, 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.

Romania GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-14 07:00 AM GDP Growth Rate YoY Prel 6.9% 8.8% 7% 7.9%
2018-03-07 07:00 AM GDP Growth Rate YoY 2nd Est 6.9% 8.8% 6.9% 6.9%
2018-04-05 06:00 AM GDP Growth Rate YoY Final 6.7% 8.8% 6.9% 6.9%
2018-05-16 06:00 AM GDP Growth Rate YoY Prel 6.7% 6.4%
2018-06-07 06:00 AM GDP Growth Rate YoY 2nd Est 6.7%
2018-07-06 06:00 AM GDP Growth Rate YoY Final 6.7%


Romania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 2.40 6.10 -6.40 percent [+]
GDP Annual Growth Rate 6.70 8.80 10.70 -8.30 percent [+]
GDP 186.69 177.52 208.18 25.12 USD Billion [+]
GDP Constant Prices 40121.20 39721.70 40121.20 19782.80 RON Million [+]
Gross Fixed Capital Formation 11062.30 9570.20 16095.90 2701.10 RON Million [+]
GDP per capita 10080.97 9564.09 10080.97 4323.06 USD [+]
GDP per capita PPP 21647.81 20537.88 21647.81 9283.32 USD [+]
GDP From Agriculture 2405.30 3506.20 3803.70 1266.70 RON Million [+]
GDP From Construction 2136.10 2410.40 3486.70 954.20 RON Million [+]
GDP From Manufacturing 9183.10 8509.70 9183.10 4750.70 RON Million [+]
GDP From Public Administration 1450.80 1344.30 2038.40 1324.70 RON Million [+]
GDP From Services 10947.90 10190.50 10947.90 3414.30 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.70 8.80 10.70 -8.30 1996 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 2.90 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
South Korea 2.80 Dec/17
Euro Area 2.70 Dec/17
United States 2.60 Dec/17
France 2.50 Dec/17
Australia 2.40 Dec/17
Brazil 2.10 Dec/17
Japan 2.00 Dec/17
Switzerland 1.90 Dec/17
Italy 1.60 Dec/17
Mexico 1.50 Dec/17
United Kingdom 1.40 Dec/17
Russia 0.90 Dec/17


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