Romania GDP Annual Growth Rate  2001-2016 | Data | Chart | Calendar

The economy of Romania expanded 3.7 percent year-on-year in the fourth quarter of 2015, accelerating from a 3.6 percent growth in the previous period, according to preliminary estimates. On a quarterly basis, the GDP advanced a seasonally adjusted 1.1 percent, compared to an upwardly revised 1.5 percent growth in the third quarter. For the full 2015, the economy expanded 3.7 percent, stronger than 3.0 percent in the previous year. GDP Annual Growth Rate in Romania averaged 3.60 percent from 2001 until 2015, reaching an all time high of 9.80 percent in the third quarter of 2004 and a record low of -8.70 percent in the second quarter of 2009. GDP Annual Growth Rate in Romania is reported by the Institutul National de Statistica.

Romania GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.60 9.80 -8.70 2001 - 2015 percent Quarterly
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. Romania GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-13 07:00 AM Q3 3.6% 3.4% 3% 3.1%
2015-12-04 07:00 AM Q3 3.6% 3.4% 3.6%
2016-02-12 07:00 AM Q4 3.7% 3.6% 3.8% 3.7%
2016-03-08 07:00 AM Q4 3.6% 3.7% 3.7%
2016-05-13 06:00 AM Q1 2.97%
2016-06-07 06:00 AM Q1

Romania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 1.40 3.94 -6.16 percent [+]
GDP Annual Growth Rate 3.70 3.60 9.80 -8.70 percent [+]
GDP 199.04 191.59 208.18 25.10 USD Billion [+]
GDP Constant Prices 34850.60 34392.20 34850.60 19749.20 RON Million [+]
Gross Fixed Capital Formation 7605.80 7730.30 13852.80 2745.40 RON Million [+]
GDP per capita 6195.84 6066.73 6195.84 3087.52 USD [+]
GDP per capita PPP 18568.91 18181.99 18568.91 9253.29 USD [+]
GDP From Agriculture 2402.30 2671.30 3357.80 1880.50 RON Million [+]
GDP From Construction 2394.80 2256.60 3468.60 955.50 RON Million [+]
GDP From Manufacturing 7743.80 7656.80 7766.40 4750.70 RON Million [+]
GDP From Public Administration 1476.50 1442.80 2026.70 1403.90 RON Million [+]
GDP From Services 8783.30 8414.40 8783.30 3400.90 RON Million [+]




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