Markets Actual Q4 Q1 Q2 Q3 2020
Currency 4.27 4.37 4.39 4.42 4.44 4.48
Stock Market (points) 9555.61 9410 9248 9089 8933 8628
Government Bond 10Y (%) 4.21 4.29 4.37 4.45 4.54 4.71
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 1.00 1 1 0.9 0.9 1.1
GDP Annual Growth Rate (%) 4.40 3.9 3.9 3.7 3.7 3.6
Unemployment Rate (%) 3.80 4.1 3.8 3.7 4.1 4
Inflation Rate (%) 3.50 4.2 3.6 3.5 3.5 3.4
Interest Rate (%) 2.50 2.5 2.5 2.75 3 3
Balance of Trade (EUR Million) -1365.40 -1790 -990 -1350 -1350 -1700
Current Account (EUR Million) -1056.00 -680 -620 -980 -650 -480
Current Account to GDP (%) -4.50 -3.4 -3 -3 -3 -3
Government Debt to GDP (%) 35.10 37.3 39.5 39.5 39.5 39.5
Government Budget (% of GDP) -3.00 -3.9 -4 -4 -4 -4
Retail Sales MoM (%) 0.40 0.5 0.9 0.1 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 Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 1.00 1 1 0.9 0.9 1.1
GDP Annual Growth Rate (%) 4.40 3.9 3.9 3.7 3.7 3.6
GDP (USD Billion) 239.55 250 275 275 275 275
GDP Constant Prices (RON Million) 42772.90 43325 43242 44038 43953 44712
Gross Fixed Capital Formation (RON Million) 11681.00 10660 10639 10987 10966 11001
GDP per capita (USD) 11534.90 12000 13000 13000 13000 13000
GDP per capita PPP (USD) 24543.99 25000 25300 25300 25300 25300
GDP From Agriculture (RON Million) 3048.80 3038 3032 3185 3179 3135
GDP From Construction (RON Million) 2507.10 2191 2186 2332 2328 2261
GDP From Manufacturing (RON Million) 10048.30 10687 10666 10491 10470 11029
GDP From Public Administration (RON Million) 1750.70 1768 1764 1801 1797 1824
GDP From Services (RON Million) 12853.00 13024 12999 13319 13293 13440
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 3.80 4.1 3.8 3.7 4.1 4
Wages (RON/Month) 4981.00 4400 5382 5454 5486 4800
Wages in Manufacturing (RON/Month) 4315.00 3550 4721 4702 4724 3650
Minimum Wages (EUR/Month) 446.02 446 500 520 535 542
Population (Million) 19.52 19.56 19.44 19.44 19.44 19.44
Retirement Age Women 60.92 61.17 61.42 61.42 61.42 61.42
Retirement Age Men 65.00 65 65 65 65 65
Wages Low Skilled (RON/Month) 1430.00 1400 1559 1544 1530 1480
Wages High Skilled (RON/Month) 2880.00 2850 3139 3110 3082 2900
Living Wage Family (RON/Month) 2160.00 2300 2354 2333 2311 2400
Employment Rate (%) 66.40 65.5 65.8 68.7 69 68.3
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 3.50 4.2 3.6 3.5 3.5 3.4
Consumer Price Index CPI (Index Points) 100.07 103 104 104 107 106
Core Consumer Prices (Index Points) 105.80 107 108 109 109 112
Core Inflation Rate (%) 3.20 3.6 3.8 3.7 3.6 3.5
Producer Prices (Index Points) 111.00 112 112 114 113 116
Producer Prices Change (%) 3.25 3.3 3 2.6 2.4 2.2
CPI Transportation (Index Points) 100.08 103 103 104 104 106
Food Inflation (%) 4.07 4.6 4.5 4.4 4.4 4.5
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 2.50 2.5 2.5 2.75 3 3
Interbank Rate (%) 2.87 3.31 3.31 2.92 3.17 3.31
Lending Rate (%) 3.50 3.75 3.75 3.5 3.75 3.75
Deposit Interest Rate (%) 1.50 1.75 1.75 1.5 1.75 1.75
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (EUR Million) -1365.40 -1790 -990 -1350 -1350 -1700
Current Account (EUR Million) -1056.00 -680 -620 -980 -650 -480
Current Account to GDP (%) -4.50 -3.4 -3 -3 -3 -3
Imports (EUR Million) 6368.60 7850 8081 7313 8471 8580
Exports (EUR Million) 5003.20 5850 6669 6049 7245 6365
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 35.10 37.3 39.5 39.5 39.5 39.5
Government Budget (% of GDP) -3.00 -3.9 -4 -4 -4 -4
Government Spending (RON Million) 2273.70 1803 1799 2340 2336 1860
Government Spending to GDP (%) 35.00 36 38 38 38 38
Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2020
Industrial Production (%) -6.60 3 3.2 3.4 3.6 3.7
Industrial Production Mom (%) 0.20 1 0.5 0.4 0.5 0.6
Manufacturing Production (%) -4.10 0.1 3.3 3.5 3.6 3.8
Business Confidence (Index Points) -0.40 -1 0.5 1.2 0.3 1.5
Consumer Actual Q4 Q1 Q2 Q3 2020
Retail Sales MoM (%) 0.40 0.5 0.9 0.1 0.5 0.4
Retail Sales YoY (%) 8.00 9.2 5.5 3.8 3.6 3.5
Consumer Spending (RON Million) 41245.50 42099 42018 42832 42750 43446
Consumer Confidence (Index Points) -9.70 -11.5 -7.5 -7 -7.2 -6.3
Gasoline Prices (USD/Liter) 1.29 1.21 1.18 1.12 1.09 1.18


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.