The Romanian GDP grew by 6.5% yoy in the first quarter of 2022, accelerating strongly from a 2.4% expansion in the previous period, the second estimate showed. It was the fourth straight quarter of expansion in the GDP, amid an easing Covid-19 measures and low base effects last year. There was a rebound in both government expenditure (7.5% vs -3.1% in Q4 of 2021) and fixed investment (2.3% vs -6.0%), while net external demand contributed positively to the GDP, as exports increased by 9.8% (vs 8.3%) while imports rose at a softer 8.7% (vs 8.5%). In the meantime, the household consumption continued to grow (7.0% vs 9.5% in Q4). On a seasonally adjusted quarterly basis, the economy advanced by 5.2%, the highest level since the fourth quarter of 2020, following a 1% growth in the fourth quarter of 2021. source: Institutul National de Statistica
GDP Annual Growth Rate in Romania averaged 3.15 percent from 1996 until 2022, reaching an all time high of 15.40 percent in the second quarter of 2021 and a record low of -9.80 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
GDP Annual Growth Rate in Romania is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania GDP Annual Growth Rate is projected to trend around 3.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.