The Romanian GDP expanded 4.3 percent year-on-year in the third quarter of 2018, following a 4.1 percent growth in the previous period, and beating market expectations of a 3.3 percent advance. On a seasonally adjusted quarterly basis, the economy grew 1.9 percent in the third quarter, compared to an upwardly revised 1.5 percent expansion in the prior quarter. It was the highest growth rate since the third quarter of 2017. 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.