The gross domestic product (GDP) in current prices in Romania was forecast to continuously increase between 2024 and 2029 by in total 116.5 billion U.S. dollars (+30.61 percent). After the fourteenth consecutive increasing year, the GDP is estimated to reach 497.1 billion U.S. dollars and therefore a new peak in 2029. The gross domestic product at current prices is defined based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like Bulgaria, Croatia, and Bosnia & Herzegovina.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

This statistic shows the share of economic sectors in the gross domestic product (GDP) in Romania from 2013 to 2023. In 2023, the share of agriculture in Romania's gross domestic product was 3.88 percent, industry contributed approximately 26.69 percent and the services sector contributed about 60.73 percent.

The Gross Domestic Product (GDP) in Romania expanded 0.70 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides the latest reported value for - Romania GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Romania expanded 0.80 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Romania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Romania RO: Potential Output of Total Economy: Volume data was reported at 1,307.469 RON bn in 2026. This records an increase from the previous number of 1,272.080 RON bn for 2025. Romania RO: Potential Output of Total Economy: Volume data is updated yearly, averaging 891.607 RON bn from Dec 2002 (Median) to 2026, with 25 observations. The data reached an all-time high of 1,307.469 RON bn in 2026 and a record low of 586.281 RON bn in 2002. Romania RO: Potential Output of Total Economy: Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Romania – Table RO.OECD.EO: GDP: Potential Output and Output Gap: Forecast: Non OECD Member: Annual. GDPVTR-Potential output of total economy, volume OECD calculation, see OECD Economic Outlook database documentation

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

In 2023, the GDP is increased by 2.1 percent in Romania. The forecast for 2024 and 2025 anticipates a GDP growth of over three percent for both years.

Key information about Romania Public Consumption: % of GDP

• Romania Public Consumption accounted for 16.1 % of its Nominal GDP in Dec 2024, compared with a share of 17.0 % in the previous quarter.
• Romania Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1995 to Dec 2024, with an average number of 15.9 %.
• The data reached an all-time high of 25.1 % in Jun 1995 and a record low of 2.0 % in Sep 1995.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Government Consumption Expenditure is calculated as the sum of Government Individual Consumption and Collective Consumption. The National Institute of Statistics provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Romania Public Consumption: % of GDP

• In the latest reports, Romania GDP expanded 2.9 % YoY in Mar 2023.
• Romania Nominal GDP reached 86.0 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 14.4 % in Mar 2023.
• Romania GDP Per Capita reached 14,987.8 USD in Dec 2021.
• Its Gross Savings Rate was measured at 18.3 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 25.0 % in Dec 2024.
• Private Consumption accounted for 65.6 % in Dec 2024.

The Gross Domestic Product per capita in Romania was last recorded at 12399 US dollars in 2023. The GDP per Capita in Romania is equivalent to 98 percent of the world's average. This dataset provides the latest reported value for - Romania GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The service industry had the highest share in the Romanian gross domestic product in 2022, totaling 57.7 percent. However, agriculture, forestry and fishing accounted for only 4.5 percent.

Romania RO: Claims on Other Sectors of The Domestic Economy: % of GDP data was reported at 28.586 % in 2017. This records a decrease from the previous number of 30.582 % for 2016. Romania RO: Claims on Other Sectors of The Domestic Economy: % of GDP data is updated yearly, averaging 32.392 % from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 41.385 % in 2011 and a record low of 9.994 % in 2001. Romania RO: Claims on Other Sectors of The Domestic Economy: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Romania – Table RO.World Bank.WDI: Bank Loans. Claims on other sectors of the domestic economy (IFS line 52S or 32S) include gross credit from the financial system to households, nonprofit institutions serving households, nonfinancial corporations, state and local governments, and social security funds.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;

Romania RO: GDP: Growth: GNI per Capita data was reported at 7.528 % in 2017. This records an increase from the previous number of 5.042 % for 2016. Romania RO: GDP: Growth: GNI per Capita data is updated yearly, averaging 4.012 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 10.914 % in 2008 and a record low of -11.868 % in 1991. Romania RO: GDP: Growth: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Romania – Table RO.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

GDP from Services in Romania decreased to 61516.50 RON Million in the fourth quarter of 2024 from 61731.10 RON Million in the third quarter of 2024. This dataset provides - Romania Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The majority of Romanians surveyed for the study believed that in one year's time, the country's economy would get worse. Only 24 percent of respondents were of the opinion that the economic situation would get better.

Consumer Price Index (CPI) in Romania, February, 2025 The most recent value is 155.44 index points as of February 2025, an increase compared to the previous value of 154.38 index points. Historically, the average for Romania from January 1996 to February 2025 is 78.7067 index points. The minimum of 2.71 index points was recorded in January 1996, while the maximum of 155.44 index points was reached in February 2025. | TheGlobalEconomy.com

More than 80 percent of respondents believed that providing low-interest loans to companies investing in the job market is an essential measure due to the impact of coronavirus (COVID-19) on the Romanian economy. Only 3.4 percent of respondents stated that this type of action is not important.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

The prospects for global growth in Romania were the most pessimistic in 2023. However, by 2024, 29 percent of Romanian chief executives were optimistic about the world economic growth.

Romania RO: GDP: Real data was reported at 426,652.200 RON mn in 2017. This records an increase from the previous number of 398,937.700 RON mn for 2016. Romania RO: GDP: Real data is updated yearly, averaging 268,100.000 RON mn from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 426,652.200 RON mn in 2017 and a record low of 196,731.988 RON mn in 1992. Romania RO: GDP: Real data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Romania – Table RO.World Bank.WDI: Gross Domestic Product: Real. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;