Romania RO: Military Expenditure

1960 - 2017 | Yearly | RON mn | World Bank

Romania RO: Military Expenditure data was reported at 16,322.000 RON mn in 2017. This records an increase from the previous number of 10,738.000 RON mn for 2016. Romania RO: Military Expenditure data is updated yearly, averaging 3.783 RON mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 16,322.000 RON mn in 2017 and a record low of 0.445 RON mn in 1960. Romania RO: Military Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Romania – Table RO.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; ; Data for some countries are based on partial or uncertain data or rough estimates. For additional details please refer to the military expenditure database on the SIPRI website: https://sipri.org/databases/milex

View Romania's Romania RO: Military Expenditure from 1960 to 2017 in the chart:

Romania Romania RO: Military Expenditure

What was Romania's Romania RO: Military Expenditure in 2017?

Last Previous Min Max Unit Frequency Range
16,322.00 2017 10,738.00 2016 0.44 1960 16,322.00 2017 RON mn yearly 1960 - 2017

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National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 50,572.570 2027 yearly 1980 - 2027
Forecast: Nominal GDP Per Capita (USD) 25,974.383 2028 yearly 1980 - 2028
Forecast: Real GDP Growth (%) 3.480 2027 yearly 1980 - 2027
GDP Deflator Growth (%) 14.4 Mar 2023 quarterly Mar 1996 - Mar 2023
GDP per Capita (USD) 14,987.806 2021 yearly 1981 - 2021
Gross Fixed Capital Formation (USD mn) 26,363.164 Dec 2023 quarterly Mar 1995 - Dec 2023
Gross National Product (GNP) (USD mn) 341,039.902 2023 yearly 1989 - 2023
Gross Savings Rate (%) 19.8 Dec 2023 quarterly Mar 1995 - Dec 2023
Investment: % of GDP (%) 25.4 Dec 2023 quarterly Mar 1995 - Dec 2023
Nominal GDP (USD mn) 84,896.6 Mar 2023 quarterly Mar 1995 - Mar 2023
Nominal GDP Growth (%) 14.314 Dec 2023 quarterly Mar 1996 - Dec 2023
Private Consumption Expenditure (USD mn) 56,047.701 Dec 2023 quarterly Mar 1995 - Dec 2023
Private Consumption: % of GDP (%) 63.5 Dec 2023 quarterly Mar 1995 - Dec 2023
Public Consumption Expenditure (USD mn) 15,910.602 Dec 2023 quarterly Mar 1995 - Dec 2023
Public Consumption: % of GDP (%) 16.8 Dec 2023 quarterly Mar 1995 - Dec 2023
Real GDP Growth (%) 2.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 71.542 Dec 2023 quarterly Mar 1995 - Dec 2023
Production Last Frequency Range
Gold Production (kg) 400.000 2010 yearly 1990 - 2010
Industrial Production Index Growth (%) -4.7 Apr 2023 monthly Jan 2006 - Apr 2023
Minerals Production (Metric Ton) 31,235,421.000 2022 yearly 2009 - 2022
Motor Vehicle Production (Unit) 513,050.000 2023 yearly 1997 - 2023
Silver Production (Metric Ton) 3.000 2015 yearly 1986 - 2015
Sales, Orders, Inventory & Shipments Last Frequency Range
New Orders Growth (%) -5.2 Mar 2024 monthly Jan 2001 - Mar 2024
Construction and Properties Last Frequency Range
Building Permits (Unit) 3,635.000 Mar 2024 monthly Jan 2004 - Mar 2024
House Prices Growth (%) 7.0 Sep 2022 quarterly Mar 2010 - Sep 2022
Nominal Residential Property Price Index (2010=100) 127.197 Dec 2023 quarterly Mar 2009 - Dec 2023
Nominal Residential Property Price Index Growth (%) 3.401 Dec 2023 quarterly Mar 2010 - Dec 2023
Real Residential Property Price Index (2010=100) 74.213 Dec 2023 quarterly Mar 2009 - Dec 2023
Real Residential Property Price Index Growth (%) -3.478 Dec 2023 quarterly Mar 2010 - Dec 2023
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.6 Dec 2023 quarterly Dec 2004 - Dec 2023
Forecast: Government Expenditure (RON bn) 823.575 2028 yearly 1990 - 2028
Forecast: Government Net Debt (RON bn) 1,544.249 2029 yearly 2000 - 2029
Forecast: Government Revenue (RON bn) 740.739 2029 yearly 1990 - 2029
Government Debt: % of GDP (%) 48.8 Dec 2023 quarterly Dec 2011 - Dec 2023
National Government Debt (USD mn) 183,596.1 Feb 2024 monthly Nov 2011 - Feb 2024
Consolidated Fiscal Balance (%) -5.599 Dec 2023 quarterly Dec 2004 - Dec 2023

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