Economic data

Current economic data (October 2019)

GDP Progress
Gross domestic product increased by 4,4% in the second quarter of 2019 compared to the second quarter of 2018
Gross domestic product increased by 4,9% in the second half of 2018 compared to the second half of 2018
Gross domestic product increased by 1,3% in the fourth quarter of 2019 compared to the first quarter of 2018
Gross domestic product increased by 7% in 2017 compared to 2016
Gross domestic product increased by 3,3% in the third quarter of 2014 compared to the third quarter of 2013
Gross domestic product increased by 3,5% in 2012 – 2013
Gross domestic product decreased by 0,4% in the second quarter of 2012 compared to the second quarter of 2011
Gross domestic product increased by 4,4% in the third quarter of 2011 compared to the third quarter of 2010
Gross domestic product decreased by 1,3% between January 2010 and December 2010
Gross domestic product decreased by 7,4% between September 2008 and September 2009
Gross domestic product increased by 8,8% between September 2007 and September 2008

Source: National Institute of Statistics (Press release from 14.08.2019)

Share of GDP (2017)
Services: 56,8%
Industry: 23,8%
Construction: 5,6%
Agriculture: 4,3%

Source: National Institute of Statistics

Inflation
2020:  3,7%*
2019:  4,2%*
2018:  4,1%
2017:  1,1%
2016: -1,1%
On this period, the inflation rate in Hungary was 0% and in Bulgary -1,6%
Compared to the EU average (27), where it was 0,6%

Source: Eurostat (16.02.2015)  si The Representation of the European Comision in Romania *forecast value                                        

GDP history in Romania
(Changes from previous year (%)
2020: 5,6%*
2019: 5,2%*
2018: 5,5%
2017: 8,4%
2016: 4,2%
2015: 8,1%
In comparison, the EU average (27) for 2019 was 1,5% and for 2020 it was 1,6%

Source: Reprezentarea Comnisiei Europene in Romania (10.02.2020) 
* forecast value

Public Finances: Deficiency
(Percentage of GDP)
2017: 3,4%

Source: National Institute of Statistics(10.02.2020)

Inflation in Romania
(Annual rate of change in %)
2020:  3,7%*
2019:  4,2%*
2018:  4,1%
2017:  1,1%
2016: -1,1%
2015: -0,4%

Source: Reprezentarea Comnisiei Europene in Romania  (10.02.2020) * forecast value

Foreign investments in Romania
(Millions of €)
Net foreign investment flow in 2018: 5.266, as follows:
Trading industry: 1.580
Processing industry: 1.362
Finances and insurances: 896
Contruction and Real estate: 581

Balance of foreign investments at 31.12.2018: 81.124, as follows:
Industry: 41,1%
Contruction and Real estate: 16,8%
Trading industry: 15,8%
Finances and insurances:11,5%
Services: 4,9%
IT: 4,1%
Transport: 1,6%
Other activities: 0,6%

Source: National Bank of Romania

Last update 10.10.2019