Romania GDP Growth Rate
The Gross Domestic Product (GDP) in Romania expanded 0.20 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Romania averaged 0.86 Percent from 2000 until 2014, reaching an all time high of 3.60 Percent in the first quarter of 2008 and a record low of -4.80 Percent in the first quarter of 2009. GDP Growth Rate in Romania is reported by the Institutul National de Statistica.
||2000 - 2014
Romania is an upper-middle income economy and has been part of the European Union since 2007. In recent years, domestic consumption and foreign direct investments have been stimulating Romania's GDP growth. Yet, corruption and red tape continue to be major hurdle for the future development. 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. This page provides - Romania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.