Markets Actual Q1 Q2 Q3 Q4 2020
Currency 4.19 4.17 4.19 4.22 4.24 4.3
Stock Market (points) 7749.20 6837 6725 6614 6506 6295
Government Bond 10Y (%) 4.88 4.96 5.03 5.09 5.16 5.31
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.70 0.9 0.6 1.3 0.7 0.6
GDP Annual Growth Rate (%) 4.10 4.2 3.8 3.4 3.7 3.2
Unemployment Rate (%) 3.80 3.6 3.5 3.5 3.3 3.2
Inflation Rate (%) 3.30 3.3 3.1 2.9 2.8 3.1
Interest Rate (%) 2.50 2.75 2.75 3 3 3
Balance of Trade (EUR Million) -1715.90 0 -1340 -1130 -1490 -1400
Current Account (EUR Million) -749.00 -570 -780 -847 -420 -370
Current Account to GDP (%) -3.40 -4 -4 -4 -4 -4.5
Government Debt to GDP (%) 35.00 35.4 35.4 35.4 35.4 35
Government Budget (% of GDP) -2.90 -1.6 -1.6 -1.6 -1.6 -1.2
Retail Sales MoM (%) -1.00 0.27 0.27 0.28 0.5 0.4
Corporate Tax Rate (%) 16.00 16 16 16 16 16
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.70 0.9 0.6 1.3 0.7 0.6
GDP Annual Growth Rate (%) 4.10 4.2 3.8 3.4 3.7 3.2
GDP (USD Billion) 211.80 245 245 245 245 265
GDP Constant Prices (RON Million) 41833.90 40463 41049 42308 43382 44770
Gross Fixed Capital Formation (RON Million) 10356.90 10844 10516 10474 10740 11084
GDP per capita (USD) 10932.33 12000 12000 12000 12000 13000
GDP per capita PPP (USD) 23313.20 23361 23361 25063 25063 25840
GDP From Agriculture (RON Million) 3810.00 2927 3125 3853 3951 4077
GDP From Construction (RON Million) 1798.00 2226 2126 1859 1865 1924
GDP From Manufacturing (RON Million) 8985.30 9038 9139 9087 9318 9616
GDP From Public Administration (RON Million) 1277.80 1542 1405 1321 1325 1367
GDP From Services (RON Million) 11957.00 11446 11613 12092 12399 12796
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.80 3.6 3.5 3.5 3.3 3.2
Wages (RON/Month) 4938.00 4200 4465 4465 4400 4800
Wages in Manufacturing (RON/Month) 4331.00 3500 4259 4367 3550 3650
Minimum Wages (EUR/Month) 407.45 450 450 450 450 500
Population (Million) 19.52 19.45 19.39 19.45 19.4 19.28
Retirement Age Women 60.92 61.17 60.92 60.92 61.17 61.42
Retirement Age Men 65.00 65 65 65 65 65
Wages Low Skilled (RON/Month) 1430.00 1400 1305 1328 1400 1480
Wages High Skilled (RON/Month) 2880.00 2850 2507 2578 2850 2900
Living Wage Family (RON/Month) 2160.00 2400 2163 2156 2300 2400
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.30 3.3 3.1 2.9 2.8 3.1
Consumer Price Index CPI (Index Points) 100.83 104 104 104 103 106
Core Consumer Prices (Index Points) 103.49 105 105 106 107 111
Producer Prices (Index Points) 108.20 110 112 112 113 117
Producer Prices Change (%) 4.50 4.7 4.2 4 3.6 3.5
CPI Transportation (Index Points) 100.12 104 104 104 104 106
Food Inflation (%) 3.77 2.7 2.4 2.3 2.2 2.5
Harmonised Consumer Prices (Index Points) 105.06 107 108 108 109 112
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.50 2.75 2.75 3 3 3
Interbank Rate (%) 3.03 2.86 2.86 3.11 3.11 3.11
Lending Rate (%) 3.50 3.5 3.5 3.75 3.75 3.75
Deposit Interest Rate (%) 1.50 1.5 1.5 1.75 1.75 1.75
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) -1715.90 0 -1340 -1130 -1490 -1400
Current Account (EUR Million) -749.00 -570 -780 -847 -420 -370
Current Account to GDP (%) -3.40 -4 -4 -4 -4 -4.5
Imports (EUR Million) 6319.90 7110 7120 6890 6540 6780
Exports (EUR Million) 4604.00 6220 5490 5844 5050 5380
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 35.00 35.4 35.4 35.4 35.4 35
Government Budget (% of GDP) -2.90 -1.6 -1.6 -1.6 -1.6 -1.2
Government Budget Value (RON Million) -30662.10 -14145 -15846 -14404 -15126 -15032
Government Spending (RON Million) 1966.50 1839 1789 2033 2039 2105
Government Spending to GDP (%) 33.40 33.4 33.4 33.4 33.4 33.4
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 16.00 16 16 16 16 16
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 37.25 37.25 37.25 37.25 37.25 37.25
Social Security Rate For Companies (%) 2.25 2.25 2.25 2.25 2.25 2.25
Social Security Rate For Employees (%) 35.00 35 35 35 35 35
Business Actual Q1 Q2 Q3 Q4 2020
Industrial Production (%) -1.00 4.5 4.2 4.63 3.4 2.8
Industrial Production Mom (%) -0.90 0.5 1.5 0.44 2.5 1
Manufacturing Production (%) -2.20 5.6 5.2 4.49 4.1 3.6
Business Confidence (Index Points) 0.60 0.8 0.5 0.3 0.4 0.4
Consumer Actual Q1 Q2 Q3 Q4 2020
Retail Sales MoM (%) -1.00 0.27 0.27 0.28 0.5 0.4
Retail Sales YoY (%) 2.70 3.2 2.9 0.82 3.4 2.9
Consumer Spending (RON Million) 39859.60 38155 38834 40311 41334 42657
Consumer Confidence (Index Points) -14.80 -23.2 -23.5 -23.8 -23 -18
Gasoline Prices (USD/Liter) 1.25 1.23 1.2 1.17 1.14 1.14


This page has economic forecasts for Romania including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Romania economy.