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||2001 - 2015
With Romania’s annual GDP growth rates consistently coming in above 6 percent until 2008, the country’s economy is aptly called the "Tiger of the Eastern Europe.” However, macroeconomic gains have only recently started to spur creation of a middle class and to address widespread poverty. Meanwhile, GDP contracted by 7.1 percent in 2009 and by 0.8 percent in 2010, yet economic growth accelerated in 2013, driven by strong industrial exports and an excellent agricultural harvest. 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 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. Content for - Romania GDP Annual Growth Rate - was last refreshed on Saturday, November 28, 2015.