The Romanian GDP expanded 4.4 percent year-on-year in the second quarter of 2019, matching preliminary estimates, but below a 5.0 percent growth in the previous period, a second estimate showed. Household consumption slowed (5.3 percent vs 7 percent in Q1) while net foreign demand contributed negatively to growth, as exports went up 0.5 percent while imports rose at a faster 3.6 percent. Meantime, fixed investment rose faster (18 percent vs 3.9 percent) and government expenditure rebounded (1.6 percent vs -1.1 percent). On a seasonally adjusted quarterly basis, the economy advanced 1.0 percent in the second quarter, compared to a 1.2 percent expansion in the prior quarter. GDP Annual Growth Rate in Romania averaged 3.24 percent from 1996 until 2019, 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 3.80 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 3.70 in 12 months time. In the long-term, the Romania GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.

Romania GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-06 06:00 AM GDP Growth Rate YoY 2nd Est Q1 5.0% 4.1% 5.0% 5.0%
2019-07-08 06:00 AM GDP Growth Rate YoY Final Q1 5.0% 4.1% 5% 5.0%
2019-08-14 06:00 AM GDP Growth Rate YoY Prel Q2 4.4% 5.0% 4.5% 3.5%
2019-09-06 06:00 AM GDP Growth Rate YoY 2nd Est Q2 4.4% 5.0% 4.4%
2019-10-10 06:00 AM GDP Growth Rate YoY Final Q2 5.0% 4.4%
2019-11-14 07:00 AM GDP Growth Rate YoY Prel Q3 3.8%
2019-12-05 08:00 AM GDP Growth Rate YoY 2nd Est Q3 3.8%


Romania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 1.20 6.10 -7.10 percent [+]
GDP Annual Growth Rate 4.40 5.00 12.60 -7.40 percent [+]
GDP 239.55 211.41 239.55 25.12 USD Billion [+]
GDP Constant Prices 42772.90 42385.00 42772.90 19609.40 RON Million [+]
Gross Fixed Capital Formation 11681.00 10574.30 14363.70 3222.20 RON Million [+]
GDP per capita 11534.90 11016.80 11534.90 4349.90 USD [+]
GDP per capita PPP 24543.99 23441.61 24543.99 9255.82 USD [+]
GDP From Agriculture 3048.80 3065.90 3378.90 1849.10 RON Million [+]
GDP From Construction 2507.10 2244.90 3600.00 962.70 RON Million [+]
GDP From Manufacturing 10048.30 10096.80 10302.30 4776.90 RON Million [+]
GDP From Public Administration 1750.70 1733.10 2020.50 1280.50 RON Million [+]
GDP From Services 12853.00 12819.10 12853.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.40 5.00 12.60 -7.40 1996 - 2019 percent Quarterly
NSA




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China 6.20 Jun/19
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Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
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Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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