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.

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Romania GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 06:00 AM YoY Prel Q1 6.5% 2.4% 2.2% 2.1%
2022-06-08 06:00 AM YoY 2nd Est Q1 6.5% 2.4% 6.5%
2022-07-08 06:00 AM YoY Final Q1 2.4% 6.5%


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 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.
Actual Previous Highest Lowest Dates Unit Frequency
6.50 2.40 15.40 -9.80 1996 - 2022 percent Quarterly
NSA

News Stream
Romanian GDP Growth Rises to 6.5% in Q1
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.
2022-06-08
Romanian GDP Growth Rate Accelerates to 6.5% in Q1
The Romanian GDP advanced by 6.5% yoy in the first quarter of 2022, accelerating sharply from a 2.4% growth in the previous period. It was the fourth straight quarter of expansion in the GDP, amid an easing Covid-19 measures and low base effects last year, a preliminary estimate showed. On a seasonally adjusted quarterly basis, the economy grew by 5.2%, the highest level since the fourth quarter of 2020, after a revised 1% expansion in the fourth quarter of 2021.
2022-05-17
Romanian Q4 GDP Growth Eases to 2.4%
The Romanian GDP grew by 2.4% yoy in the fourth quarter of 2021, slowing sharply from a 6.9% gain in the previous period. It was the third straight quarter of expansion in the GDP, but the weakest growth in the sequence, amid the diminishing low base effects. The household consumption grew faster (9.5% vs 9.0% in Q3), amid a plunge in both government expenditure (-31% vs 3.2%) and fixed investment (-6% vs -1.7%). Also, net external demand contributed negatively to the GDP, as exports increased by 8.3% (vs 8.28%) while imports rose at a faster 8.5% (vs 10.0%). On a seasonally adjusted quarterly basis, the economy shrank by 0.1%, the first contraction since the second quarter 2020, reversing from a 0.4% expansion in the third quarter. For 2021 full year, the GDP advanced by 5.9%, rebounding sharply from a 3.7% drop in 2020.
2022-04-08