Romania Gdp Growth Rate

4 8 in 2016 7 1 in 2017 4 4 in 2018 and 4 1 in 2019.

Romania gdp growth rate. Real gdp constant inflation adjusted of romania reached 216 332 688 152 in 2017. The statistic shows the growth in real gdp in romania from between 2009 to 2019 with projections up until 2021. World bank national accounts data and oecd national accounts data files. Romania gdp growth rate for 2017 was 7 11 a 2 31 increase from 2016.

The situation abruptly shifted in early 2020 due to the impact of the covid 19 pandemic on the health sector businesses the labor market and households. In 2019 romania s real gross domestic product increased by around 4 08 percent. Gdp growth rate in romania averaged 0 63 percent from 1995 until 2020 reaching an all time high of 6 10 percent in the first quarter of 1996 and a record low of 12 30 percent in the second quarter of 2020. Nominal current gross domestic product gdp of romania is 211 883 923 504 usd as of 2017.

Romania gdp growth rate for 2018 was 4 44 a 2 67 decline from 2017. In 2019 its gdp per capita in purchasing power standards reached 69 of the european union average up from 44 in 2007 the highest growth rate in the eu27. Romania s gdp growth was strong in 2019 at 4 1 percent driven by private consumption and an investment rebound. The labor market tightened and unemployment reached historic lows.

Romania gdp growth rate for 2019 was 4 08 a 0 36 decline from 2018. Gdp growth yoy 4 1 6 0. Gdp growth rate in 2017 was 7 26 representing a change of 14 642 667 609 us over 2016 when real gdp was 201 690 020 543. Romania s statistics office revised marginally 0 1 the nominal value of the gdp for the first quarter of the year q1 but maintained the estimated real annual growth rate at 2 4.

In recent years romania enjoyed some of the highest growth rates in the eu. Economic forecast for romania. The commission publishes a full set of macroeconomic forecasts for the eu and its member states in spring may and autumn november and publishes interim forecasts updating gdp and inflation figures in winter february and summer july.