Romania GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

0.7

Units In

1.1

Frequency

Quarterly

Next Release

Apr 10, 2025

Time to Release

1 Months 2 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
13.9 Jun 2021	-10.1 Jun 2020	3.03 %	1996-2024	Institutul National de Statistica

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.

Latest Updates

Romania's GDP expanded 0.7% year-on-year in the fourth quarter of 2024, consistent with preliminary estimates, slowing from 1.2% in the previous three-month period, according to second estimates. This marked the softest growth since the first quarter, as sharp declines in government spending (-8.1%) and fixed investments (-12%) partially offset a 4.9% rise in household consumption. Net external demand also weighed on growth, with exports down 4.3% while imports rose 3.7%. On a seasonally adjusted quarterly basis, the economy grew 0.8% in Q4, up from 0.1% in the previous period. For 2024 as a whole, GDP expanded 0.9%, easing from 2.4% in 2023.