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%.
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.
Romania GDP from 1980 to 2024
The total market value of goods and services produced annually in Romania.
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 |