The Romanian GDP expanded 5.0 percent year-on-year in the first quarter of 2019, following a 4.1 percent growth in the previous period and easily beating market expectations of 3.9 percent, a preliminary estimate showed. It was the strongest GDP growth rate since the fourth quarter 2017. On a seasonally adjusted quarterly basis, the economy advanced 1.3 percent in the first quarter, compared to an upwardly revised 1.0 percent expansion in the prior quarter. GDP Annual Growth Rate in Romania averaged 3.20 percent from 1996 until 2018, reaching an all time high of 12.60 percent in the fourth quarter of 2004 and a record low of -7.40 percent in the third quarter of 1997.
GDP Annual Growth Rate in Romania is expected to be 3.50 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 2.80 in 12 months time. In the long-term, the Romania GDP Annual Growth Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.