GDP per capita in Romania
Economic growth slows in Q1
According to a preliminary estimate, growth slowed in the first quarter, coming in at 2.3% on an annual basis (Q4: +4.5% yoy), undershooting market expectations. A full breakdown will not be available until 8 June. Weaker growth in external demand likely weighed on exports, but stronger year-on-year growth in retail sales in Q1 compared to Q4 should have aided private consumption.
On a seasonally adjusted quarter-on-quarter basis, the economy expanded 0.1% in Q4 (Q3: 1.0% qoq s.a.).
Commenting on the outlook, Nicolaie Alexandru-Chidesciuc from JPMorgan said:
“The country [Romania] should continue to perform well in the period ahead, despite expected fiscal consolidation. The main reason is related to increased absorption and usage of EU funds; we believe this ensures a stable growth path for Romania. […] In addition, we forecast a growth rebound in the CE3 region [Poland, Hungary and the Czech Republic] and in the Eurozone, which should provide an additional lift.”
Romania GDP per capita Chart
This chart displays GDP per capita (EUR) for Romania from 2013 to 2022.
Romania GDP per capita Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| GDP per capita (EUR) | 9,491 | 10,550 | 11,547 | 11,410 | 12,564 |