Romania's GDP changed from approximately $46B 53M in 1980 to $369B 971M in 2024, showing an overall 703.4% sharply increased during the period.
The lowest GDP was recorded in 1992 at $19B 779M, and the highest in 2024 at $369B 971M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.8%.
For comparison, the average annual growth rate of Bulgaria was 2.4%, and that of Hungary was 5.3%.
Romania GDP from 1980 to 2024
The total market value of goods and services produced annually in Romania.
Overview of Romania's GDP (1980–2024)
The Gross Domestic Product (GDP) of Romania recorded a 703.4% sharply increased from 1980 to 2024.
The average GDP during this period was $121B 16M, and the median was $58B 477M.
GDP fluctuated within a range of $350B 192M, with a standard deviation of $98B 293M.
The average annual change was $6B 572M.
Highest and Lowest GDP Records
- Lowest GDP: 1992, $19B 779M
- Highest GDP: 2024, $369B 971M
- Most Recent GDP: 2024, $369B 971M
Notable Annual GDP Changes
- 2007: Significant increase in GDP
- 2009: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Romania's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $250B 993M → $251B 699M
- Outcome: remained stable
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $174B 831M → $174B 564M
- Outcome: remained stable
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $37B 447M → $40B 396M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $35B 644M → $42B 543M
- Outcome: sharply increased
Key Economic Indicators of Romania (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 46B 53M | $ 2,052.08 | $ 5,075.76 | $ 113B 912M | 3.304 % | -5.198 % | 16.18 % | 0 % | 22M 442K people |
1981 | $ 55B 319M | $ 2,450.35 | $ 5,528.59 | $ 124B 814M | 0.1 % | -1.494 % | 16.74 % | 0 % | 22M 576K people |
1982 | $ 55B 375M | $ 2,441.21 | $ 6,070.34 | $ 137B 695M | 3.9 % | 1.891 % | 19.45 % | 0 % | 22M 683K people |
1983 | $ 48B 401M | $ 2,125.16 | $ 6,659.57 | $ 151B 672M | 6 % | 2.408 % | 20.46 % | 0 % | 22M 775K people |
1984 | $ 39B 111M | $ 1,710.30 | $ 7,284.31 | $ 166B 575M | 6 % | 4.41 % | 21.66 % | 0 % | 22M 868K people |
1985 | $ 48B 286M | $ 2,102 | $ 7,473.24 | $ 171B 671M | -0.1 % | 2.863 % | 32.69 % | 0 % | 22M 971K people |
1986 | $ 52B 290M | $ 2,264.37 | $ 7,765.68 | $ 179B 330M | 2.4 % | 2.672 % | 34.05 % | 0 % | 23M 93K people |
1987 | $ 58B 477M | $ 2,517.95 | $ 7,976.35 | $ 185B 245M | 0.8 % | 3.495 % | 31.51 % | 0 % | 23M 224K people |
1988 | $ 60B 538M | $ 2,593.06 | $ 8,173.46 | $ 190B 818M | -0.5 % | 6.486 % | 28.11 % | 0 % | 23M 346K people |
1989 | $ 54B 236M | $ 2,314.74 | $ 7,972.49 | $ 186B 800M | -5.8 % | 4.635 % | 26.51 % | 0 % | 23M 431K people |
1990 | $ 38B 516M | $ 1,641.86 | $ 7,797.33 | $ 182B 914M | -5.612 % | -4.564 % | 25.25 % | 0 % | 23M 459K people |
1991 | $ 29B 70M | $ 1,241.06 | $ 7,029.63 | $ 164B 656M | -12.927 % | -4.303 % | 23.34 % | 3.27 % | 23M 423K people |
1992 | $ 19B 779M | $ 847.68 | $ 6,584.81 | $ 153B 645M | -8.766 % | -8.519 % | 23.41 % | -4.31 % | 23M 333K people |
1993 | $ 26B 624M | $ 1,147.33 | $ 6,881.54 | $ 159B 689M | 1.528 % | -4.417 % | 23.98 % | 0.581 % | 23M 205K people |
1994 | $ 30B 376M | $ 1,317.05 | $ 7,349.68 | $ 169B 513M | 3.932 % | -1.646 % | 22.86 % | -0.863 % | 23M 64K people |
1995 | $ 35B 838M | $ 1,563.12 | $ 8,087.39 | $ 185B 420M | 7.138 % | -4.42 % | 18.82 % | -1.963 % | 22M 927K people |
1996 | $ 35B 692M | $ 1,565.47 | $ 8,608.47 | $ 196B 270M | 3.948 % | -6.584 % | 18.27 % | -3.066 % | 22M 800K people |
1997 | $ 35B 644M | $ 1,571.69 | $ 8,270.77 | $ 187B 569M | -6.053 % | -5.35 % | 14.36 % | -1.407 % | 22M 679K people |
1998 | $ 42B 543M | $ 1,885.35 | $ 8,000.89 | $ 180B 540M | -4.818 % | -6.798 % | 10.57 % | -0.708 % | 22M 565K people |
1999 | $ 35B 953M | $ 1,600.88 | $ 8,058.98 | $ 180B 989M | -1.15 % | -4.022 % | 11.81 % | 1.645 % | 22M 458K people |