Romania GDP Growth Rate  1995-2016 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Romania expanded 1.60 percent in the first quarter of 2016 over the previous quarter. GDP Growth Rate in Romania averaged 0.70 percent from 1995 until 2016, reaching an all time high of 5.40 percent in the first quarter of 1996 and a record low of -6.20 percent in the first quarter of 2009. GDP Growth Rate in Romania is reported by the Institutul National de Statistica.

Romania GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.10 5.40 -6.20 1995 - 2016 percent Quarterly
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. 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. This page provides - Romania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-13 06:00 AM Q1 1.6% 1.1% 0.7%
2016-06-07 06:00 AM Q1 1.6% 1.1% 1.6% 1.6%
2016-07-08 06:00 AM Q1 1.5% 1.1% 1.6% 1.6%
2016-08-12 06:00 AM Q2 1.5% 1%
2016-09-06 06:00 AM Q2 1.5% 1.25%
2016-10-07 06:00 AM Q2 1.5%

Romania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.50 1.10 5.40 -6.20 percent [+]
GDP Annual Growth Rate 4.30 3.80 10.70 -8.30 percent [+]
GDP 177.95 199.32 208.18 25.12 USD Billion [+]
GDP Constant Prices 35905.30 35354.90 35905.30 19749.20 RON Million [+]
Gross Fixed Capital Formation 9108.00 8901.00 13852.80 2745.40 RON Million [+]
GDP per capita 9526.59 9148.10 9526.59 4323.06 USD [+]
GDP per capita PPP 19925.54 19133.91 19925.54 9042.00 USD [+]
GDP From Agriculture 2738.40 2719.10 3357.80 1880.50 RON Million [+]
GDP From Construction 2452.20 2624.20 3468.60 955.50 RON Million [+]
GDP From Manufacturing 7990.30 7760.80 7990.30 4750.70 RON Million [+]
GDP From Public Administration 1461.80 1448.70 2026.70 1320.10 RON Million [+]
GDP From Services 8591.60 8191.30 8591.60 3400.90 RON Million [+]




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Spain 0.70 Jun/16
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Croatia 0.60 Apr/16
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Cameroon 0.05 Dec/15
Estonia 0.00 Mar/16
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Poland -0.10 Mar/16
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Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Argentina -0.70 Mar/16
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16