Romania GDP Growth Rate2022 Data - 2023 Forecast - 1995-2021 Historical - Calendar

Name: Romania GDP Growth Rate
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Keywords: Romania,GDP Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

The Gross Domestic Product (GDP) in Romania expanded 5.20 percent in the first quarter of 2022 over the previous quarter. source: Institutul National de Statistica

GDP Growth Rate in Romania averaged 0.80 percent from 1995 until 2022, reaching an all time high of 6.10 percent in the first quarter of 1996 and a record low of -10.60 percent in the second quarter of 2020. This page provides - Romania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

GDP Growth Rate in Romania is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania GDP Growth Rate is projected to trend around 1.20 percent in 2023 and 0.90 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	5.20	1.00	percent	Mar 2022
GDP Annual Growth Rate	6.50	2.40	percent	Mar 2022
GDP Constant Prices	46111.80	44048.40	RON Million	Mar 2022
Gross Fixed Capital Formation	12752.50	12484.20	RON Million	Mar 2022
Full Year GDP Growth	5.90	-3.90	percent	Dec 2021
GDP From Services	15223.70	14074.90	RON Million	Mar 2022
GDP From Public Administration	1816.80	1795.90	RON Million	Mar 2022
GDP From Manufacturing	8808.20	8839.30	RON Million	Mar 2022
GDP From Construction	2261.80	2100.20	RON Million	Mar 2022
GDP From Agriculture	2682.50	2183.30	RON Million	Mar 2022

Romania GDP Growth Rate

Romania is an upper-middle income economy and has been part of the European Union since 2007. The main industries in Romania are: electric machinery and equipment, textiles and footwear, light machinery and auto assembly, software, mining, timber, construction materials, metallurgy, chemicals, food processing and petroleum refining. 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.