Romania GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

0.7

Units In

1.1

Frequency

Quarterly

Next Release

Jul 08, 2025

Time to Release

2 Months 26 Days 3 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 advanced 0.5% year-on-year in the fourth quarter of 2024, softer than the second estimate of 0.7%, easing from an upwardly revised 1.5% in the previous three-month period. This marked the softest growth since the first quarter, amid sharp declines in fixed investments (-17.9%) and a negative contribution from net external demand, with exports down 3.0% and imports up 5.3%. The decline was partially offset by a 6.7% rise in household consumption and a 4.3% increase in government spending. On a seasonally adjusted quarterly basis, the economy expanded 0.6% in Q4, rebounding from a 0.1% contraction in the previous period. For 2024 as a whole, GDP grew 0.8%, slowing from 2.4% in 2023