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.

Romania GDP Annual Growth Rate
width
height
Forecast Data Chart
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.


Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 07:00 AM GDP Growth Rate YoY Prel 4.1% 4.2% 3.9% 4.1%
2019-03-07 07:00 AM GDP Growth Rate YoY 2nd Est 4.1% 4.2% 4.1%
2019-04-08 06:00 AM GDP Growth Rate YoY Final 4.1% 4.2% 4.1% 4.1%
2019-05-15 06:00 AM GDP Growth Rate YoY Prel 5.0% 4.1% 3.9% 3.9%
2019-06-06 06:00 AM GDP Growth Rate YoY 2nd Est 4.1% 5.0% 5.0%
2019-07-08 06:00 AM GDP Growth Rate YoY Final 4.1% 5.0%
2019-08-14 06:00 AM GDP Growth Rate YoY Prel 3.5%


Romania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 1.00 6.10 -7.10 percent [+]
GDP Annual Growth Rate 5.00 4.10 12.60 -7.40 percent [+]
GDP 211.80 187.81 213.61 25.12 USD Billion [+]
GDP Constant Prices 41779.40 41399.90 41779.40 19609.40 RON Million [+]
Gross Fixed Capital Formation 10271.40 10339.70 14363.70 3222.20 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 2929.20 3171.40 3378.90 1880.50 RON Million [+]
GDP From Construction 2112.50 2110.10 3600.00 962.70 RON Million [+]
GDP From Manufacturing 10305.30 10219.40 10305.30 4776.90 RON Million [+]
GDP From Public Administration 1704.60 1701.60 2020.50 1280.50 RON Million [+]
GDP From Services 12559.00 12372.30 12559.00 3420.40 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.00 4.10 12.60 -7.40 1996 - 2019 percent Quarterly
NSA




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 2.30 Dec/18
South Korea 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
Euro Area 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Brazil 1.10 Dec/18
France 1.10 Mar/19
South Africa 1.10 Dec/18
Japan 0.80 Mar/19
Germany 0.70 Mar/19
Russia 0.50 Mar/19
Italy 0.10 Mar/19
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


Related

Latest