Romania RO: Military Expenditure: % of GDP

1981 - 2017 | Yearly | % | World Bank

Romania RO: Military Expenditure: % of GDP data was reported at 1.972 % in 2017. This records an increase from the previous number of 1.410 % for 2016. Romania RO: Military Expenditure: % of GDP data is updated yearly, averaging 2.203 % from Dec 1980 (Median) to 2017, with 38 observations. The data reached an all-time high of 4.797 % in 1989 and a record low of 1.225 % in 2012. Romania RO: Military Expenditure: % of GDP 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.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates.

View Romania's Romania RO: Military Expenditure: % of GDP from 1981 to 2017 in the chart:

Romania Romania RO: Military Expenditure: % of GDP

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

Last Previous Min Max Unit Frequency Range
1.90 2017 1.41 2016 1.22 2012 4.80 1989 % yearly 1981 - 2017

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Romania Key Series

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) 25,697.240 Jun 2024 quarterly Mar 1995 - Jun 2024
Gross National Product (GNP) (USD mn) 340,813.200 2023 yearly 1989 - 2023
Gross Savings Rate (%) 16.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Investment: % of GDP (%) 23.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Nominal GDP (USD mn) 84,896.6 Mar 2023 quarterly Mar 1995 - Mar 2023
Nominal GDP Growth (%) 12.512 Jun 2024 quarterly Mar 1996 - Jun 2024
Private Consumption Expenditure (USD mn) 60,112.678 Jun 2024 quarterly Mar 1995 - Jun 2024
Private Consumption: % of GDP (%) 61.5 Jun 2024 quarterly Mar 1995 - Jun 2024
Public Consumption Expenditure (USD mn) 17,587.741 Jun 2024 quarterly Mar 1995 - Jun 2024
Public Consumption: % of GDP (%) 19.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Real GDP Growth (%) 2.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 80.483 Jun 2024 quarterly Mar 1995 - Jun 2024
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 (%) 2.7 Aug 2024 monthly Jan 2001 - Aug 2024
Construction and Properties Last Frequency Range
Building Permits (Unit) 4,058.000 Sep 2024 monthly Jan 2004 - Sep 2024
House Prices Growth (%) 7.0 Sep 2022 quarterly Mar 2010 - Sep 2022
Nominal Residential Property Price Index (2010=100) 128.870 Mar 2024 quarterly Mar 2009 - Mar 2024
Nominal Residential Property Price Index Growth (%) 5.479 Mar 2024 quarterly Mar 2010 - Mar 2024
Real Residential Property Price Index (2010=100) 73.742 Mar 2024 quarterly Mar 2009 - Mar 2024
Real Residential Property Price Index Growth (%) -1.497 Mar 2024 quarterly Mar 2010 - Mar 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.9 Jun 2024 quarterly Dec 2004 - Jun 2024
Forecast: Government Expenditure (RON bn) 902.150 2029 yearly 1990 - 2029
Forecast: Government Net Debt (RON bn) 1,699.003 2029 yearly 2000 - 2029
Forecast: Government Revenue (RON bn) 749.728 2029 yearly 1990 - 2029
Government Debt: % of GDP (%) 51.1 Jun 2024 quarterly Dec 2011 - Jun 2024
National Government Debt (USD mn) 197,520.0 Aug 2024 monthly Nov 2011 - Aug 2024
Consolidated Fiscal Balance (%) -6.908 Jun 2024 quarterly Dec 2004 - Jun 2024

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