Romania GDP Q3 2016


Romania: Economy slows but remains strong in Q3

November 15, 2016

In the third quarter, the Romanian economy expanded 4.4% over the same period of last year, according to preliminary data released on 15 November. The figure marked a slowdown from Q2’s strong 6.0% expansion and undershot market expectations of a 5.1% increase. Despite the deceleration in Q3, growth remains fairly robust and above trend.

On a quarter-on-quarter basis, GDP growth in Q3 slowed to 0.6%, down from Q2’s reading of 1.5% in seasonally-adjusted terms. The Statistical Office (INSSE) will release more detailed data on 6 December.

FocusEconomics Consensus Forecast panelists expect the economy to grow 4.8% in 2016, which is unchanged from last month’s projection. For 2017, the panel expects the economy to expand 3.5%, which is also unchanged from last month’s estimate.

Author:, Economist

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Romania GDP Chart

Romania GDP Q3 2016

Note: Year-on-year changes of GDP in %.
Source: National Institute of Statistics and FocusEconomics Consensus Forecast.

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