Romania GDP Annual Growth Rate

Last Release

Jun 30, 2024

Actual

0.8

Units In

0.1

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
13.9 Jun 2021	-10.1 Jun 2020	3.07 %	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

The Romanian GDP advanced by 1.1% year-on-year in the third quarter of 2024, up from a 0.9% rise in the previous three-month period but missing market forecasts of 1.9% gain, a preliminary estimate showed. It marked the fourteenth consecutive period of expansion and the strongest since the fourth quarter of 2023. On a seasonally adjusted quarterly basis, the country's economy stagnated in Q3 of 2024 from a downwardly revised 0.1% increase in the previous three-month period.