Romania GDP Growth RateRomania GDP Growth RateRomania GDP Growth Rate

Romania GDP Growth Rate

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Key data points


Last release
Observation period
Q2 2024
Next release
Forecast
Highest
6.20% on Sep 30, 2020
Lowest
−9.90% on Jun 30, 2020

About Romania GDP Growth Rate


Category
GDP
Frequency
Quarterly
Units
%
Romania is an upper-middle income economy and has been part of the European Union since 2007. The main industries in Romania are: electric machinery and equipment, textiles and footwear, light machinery and auto assembly, software, mining, timber, construction materials, metallurgy, chemicals, food processing and petroleum refining. 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.