Romania's estimated gross domestic product (GDP) for 2024 was RON1,760.11 billion in current prices, up 0.8% in real terms from 2023, the National Institute of Statistics (INS) reported on Thursday.In Q4 2024, GDP was 0.6% higher in real terms than Q3 2024, and also up 0.5% over Q4 2023"The seasonally adjusted series of the quarterly Gross Domestic Product was recalculated as a result of the revision of the estimates for the Q1-04 2024, with changes being recorded from the version published on March 7, 2025," according to INS.The seasonally adjusted Q4 2024 GDP is RON 451.39 billion in current prices, up 0.6% in real terms from Q 3 2024 and 0.5% from Q4 2023.Regarding the contributions to GDP growth by resource categories, for 2024, the INS specifies that there were no changes in its version published on March 7, 2025.Thus, agriculture, forestry and fisheries contributed -0.2%, from -0.4% previously, as a result of a change in the volume of activity by +4.6%, from 89.5% to 94.1%.Industry did not contribute to GDP growth (+0.0%) in the two estimates, and the volume of activity changed by -0.2%, from 100.0% to 99.8%. Constructions reported the same contribution to the GDP change (-0.2%) between the two estimates, and the volume of activity changed from the previous estimate by -0.2%, from 97.6% to 97.4%.As regards wholesale and retail trade; repair of motor vehicles and motorcycles; transport and storage; Hotels and restaurants, the contribution was adjusted from +0.4% to +0.3%, as a result of the change in the volume of activity by -0.4%,from 102.1% to 101.7%.Information and communications did not contribute to GDP growth (+0.0%) in the two estimates, and the volume of activity did not change from the previous estimate (100.3%).Also, financial intermediation and insurance did not contribute to GDP growth (+0.0%) in the two estimates, and the volume of activity did not change from the previous estimate (99.7%). Real estate trades reported the same contribution to the change in GDP (-0.1%) between the two estimates, and the volume of activity did not change from the previous estimate (98.7%). Professional, scientific and technical activities; administrative services and support services activities did not contribute to GDP growth (+0.0%) in the two estimates, and the volume of activity did not change from the previous estimate (100.1%).In terms of public administration and defence; social security in the public system; education; healthcare and social work, there were no changes in the contribution between the two estimates (+0.1%), and the volume of activity decreased from the previous estimate by 0.1%, from 100.6% to 100.5%.Entertainment, cultural and recreational activities; repairs of household products and other services recorded the same contribution to GDP growth (+0.2%) between the two estimates, and the volume of activity did not change from the previous estimate (106.8%).In 2024, GDP growth changed in the current provisional version, from the previous version, by -0.1%, from 100.9% to 100.8%.The volume of net taxes per product decreased by 1% in the current provisional version from the previous version, from 109.6% to 108.6%.In terms of GDP use, changes in the contribution to GDP growth in 2024, between the two estimates, were recorded in: household final consumption expenditure, from +3.6% to +3.7%, as a result of an increase in its volume by 0.1%, from 105.9% to 106.0%; on final consumption expenditure and public administration expenditure, from -0.2% to +0.1%, as a result of an increase in its volume by 5.0%, from 97.0% to 102.0%; the actual collective consumption expenditure of general government, from -0.2% to 0.0%, as a result of an increase in its volume by 2.1%, from 97.6% to 99.7% and the gross fixed capital formation, from -0.4% to -0.9%, as a result of a decrease in its volume by 1.6%, from 98.3% to 96.7%.
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
