Markets Actual Q2 Q3 Q4 Q1 2021
Currency 4.27 4.33 4.35 4.36 4.38 4.42
Stock Market (points) 9021.60 8813 8648 8485 8325 8005
Government Bond 10Y (%) 4.06 4.13 4.19 4.26 4.33 4.47

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 0.30 -11.5 1.5 1.9 2 1.7
GDP Annual Growth Rate (%) 2.40 -14.4 -9.3 -8.5 -7 8.8
Unemployment Rate (%) 4.80 6.5 7.7 8.3 8.5 6.9
Inflation Rate (%) 2.70 2.8 2.6 2.5 3 2.8
Interest Rate (%) 1.75 1.75 1.5 1.5 1.5 2.25
Balance of Trade (EUR Million) -1855.10 -1350 -1226 -1700 -2215 -1620
Current Account (EUR Million) -1155.00 -980 -1100 -1050 -1050 -920
Current Account to GDP (%) -4.60 -5 -5 -5 -5.4 -5.4
Government Debt to GDP (%) 35.20 39.5 39.5 39.5 42 42
Government Budget (% of GDP) -4.30 -8.9 -8.9 -8.9 -10 -10
Retail Sales MoM (%) -19.70 0.1 0.5 0.4 0.4 0.6
Corporate Tax Rate (%) 16.00 16 16 16 16 16
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 0.30 -11.5 1.5 1.9 2 1.7
GDP Annual Growth Rate (%) 2.40 -14.4 -9.3 -8.5 -7 8.8
GDP (USD Billion) 250.00 275 275 275 310 310
GDP Constant Prices (RON Million) 43744.00 41233 41493 40026 40682 43548
Gross Fixed Capital Formation (RON Million) 12413.00 11260 12148 11358 11544 12357
GDP per capita (USD) 11534.90 13000 13000 13000 14000 14000
GDP per capita PPP (USD) 24543.99 25300 25300 25300 23647 25900
GDP From Agriculture (RON Million) 3033.50 2939 2879 2776 2821 3020
GDP From Construction (RON Million) 2485.30 2417 2453 2274 2311 2474
GDP From Manufacturing (RON Million) 10037.10 9687 9671 9184 9335 9992
GDP From Public Administration (RON Million) 1764.30 1688 1689 1614 1641 1756
GDP From Services (RON Million) 13141.90 12390 12418 12025 12222 13083

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 4.80 6.5 7.7 8.3 8.5 6.9
Youth Unemployment Rate (%) 17.70 17.7 17.7 17.7 17.9 17.9
Wages (RON/Month) 5386.00 5512 5394 5820 5453 6111
Wages in Manufacturing (RON/Month) 4574.00 4746 4619 5082 4634 5336
Minimum Wages (EUR/Month) 446.02 520 535 542 550 550
Population (Million) 19.41 19.33 19.33 19.28 19.25 19.16
Retirement Age Women 60.92 61.42 61.42 61.42 61.42 61.42
Retirement Age Men 65.00 65 65 65 65 65
Living Wage Family (RON/Month) 2160.00 2322 2311 2300 2246 2415
Wages High Skilled (RON/Month) 2880.00 3096 3082 3067 2995 3221
Wage Growth (%) 8.80 7.5 7 6.5 4 5
Employment Rate (%) 66.00 68.7 69 68.3 68.3 69.5

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 2.70 2.8 2.6 2.5 3 2.8
Consumer Price Index CPI (points) 100.46 103 103 103 104 106
Core Consumer Prices (points) 107.39 109 110 110 111 113
Core Inflation Rate (%) 2.30 3.7 3.6 3.5 3.5 2.6
Producer Prices (points) 109.50 115 115 116 115 119
Producer Prices Change (%) -1.64 4 3.6 3.2 3.4 3.1
CPI Transportation (points) 100.01 103 103 102 103 105
Food Inflation (%) 5.72 4.4 4.4 4.5 4.5 3.5
Harmonised Consumer Prices (points) 110.76 111 111 112 113 115

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 1.75 1.75 1.5 1.5 1.5 2.25
Interbank Rate (%) 2.12 2.04 1.79 1.79 1.79 2.29
Lending Rate (%) 2.50 2.25 2 2 2 2.5
Cash Reserve Ratio (%) 6.00 6 6 6 6 6
Deposit Interest Rate (%) 1.50 1.25 1 1 1 1.5

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (EUR Million) -1855.10 -1350 -1226 -1700 -2215 -1620
Current Account (EUR Million) -1155.00 -980 -1100 -1050 -1050 -920
Current Account to GDP (%) -4.60 -5 -5 -5 -5.4 -5.4
Exports (EUR Million) 5439.90 6049 7245 6365 6365 6906
Imports (EUR Million) 7295.00 7313 8471 8580 8580 9344
Tourist Arrivals (persons) 34220.00 297000 297000 192500 192500 194600

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 35.20 39.5 39.5 39.5 42 42
Government Budget (% of GDP) -4.30 -8.9 -8.9 -8.9 -10 -10
Government Budget Value (RON Million) -28504.70 -15126 -15126 -15032 -15032 -14988
Government Spending (RON Million) 3212.80 2192 2476 2940 2988 3198
Government Spending to GDP (%) 36.00 41.3 41.3 41.3 43.5 43.5

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 16.00 16 16 16 16 16
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 19.00 19 19 19 19 19
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 Q2 Q3 Q4 Q1 2021
Industrial Production (%) -14.50 -9.5 -10 -7 2.9 5.5
Industrial Production Mom (%) -12.40 0.4 0.5 0.6 0.6 0.4
Manufacturing Production (%) -17.70 -15 -7 -5 5 8
Mining Production (%) -7.30 -5 -10 -8 4 5
Business Confidence (points) -17.40 -20 -18 -17 -14 -12

Consumer Actual Q2 Q3 Q4 Q1 2021
Retail Sales MoM (%) -19.70 0.1 0.5 0.4 0.4 0.6
Retail Sales YoY (%) -19.50 -16.7 -12 -4.5 1.7 7
Consumer Spending (RON Million) 44323.70 39761 40376 40556 41221 44125
Consumer Credit (RON Million) 48595.15 45483 47377 44905 46104 48857
Consumer Confidence (points) -26.10 -37 -32 -27 -23 -18
Gasoline Prices (USD/Liter) 0.97 1.03 0.97 0.93 0.88 0.84

Housing Actual Q2 Q3 Q4 Q1 2021
Construction Output (%) 47.80 7 6 4 4 5


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.