Markets Actual Q4 Q1 Q2 Q3 2021
Currency 4.12 4.16 4.17 4.19 4.21 4.24
Stock Market (points) 8821.24 8705 8542 8381 8223 7908
Government Bond 10Y (%) 3.42 3.56 3.61 3.67 3.73 3.85

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -11.90 1.9 2 1.9 2 1.7
GDP Annual Growth Rate (%) -10.30 -8.5 -7 6.8 9 8.8
Unemployment Rate (%) 5.30 8.3 8 7.5 7.5 6.9
Inflation Rate (%) 2.50 2.5 2.4 2.9 2.8 3.1
Interest Rate (%) 1.50 1.5 1.5 1.75 1.75 2
Balance of Trade (EUR Million) -1513.90 -1700 -1700 -1850 -1650 -1620
Current Account (EUR Million) -1002.00 -720 -600 -990 -990 -920
Current Account to GDP (%) -4.60 -3.1 -3.5 -3.5 -3.5 -3.5
Government Debt to GDP (%) 35.20 49.5 55 55 55 55
Government Budget (% of GDP) -4.30 -8.9 -10 -10 -10 -10
Retail Sales MoM (%) -1.60 0.4 0.6 1 1 0.9
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 2021
GDP Growth Rate (%) -11.90 1.9 2 1.9 2 1.7
GDP Annual Growth Rate (%) -10.30 -8.5 -7 6.8 9 8.8
GDP (USD Billion) 250.08 228 255 255 255 255
GDP Constant Prices (RON Million) 38348.30 44712 40026 40657 40956 46142
Gross Fixed Capital Formation (RON Million) 12568.30 11001 11358 11125 13423 11353
GDP per capita (USD) 12131.40 10000 11900 11900 11900 11900
GDP per capita PPP (USD) 29909.00 28500 29300 29300 29300 29300
GDP From Agriculture (RON Million) 2762.00 3135 2776 2813 2950 3235
GDP From Construction (RON Million) 2618.00 2261 2274 2529 2796 2333
GDP From Manufacturing (RON Million) 8037.60 11029 9184 8898 8584 11381
GDP From Public Administration (RON Million) 1800.90 1824 1614 1666 1923 1883
GDP From Services (RON Million) 11373.10 13440 12025 12486 12146 13871

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 5.30 8.3 8 7.5 7.5 6.9
Youth Unemployment Rate (%) 16.90 15.3 19.3 19 18.5 15.4
Wages (RON/Month) 5337.00 4800 5820 5601 5435 6111
Wages in Manufacturing (RON/Month) 4572.00 3650 5082 4757 4363 5336
Minimum Wages (EUR/Month) 460.77 542 550 550 550 550
Population (Million) 19.41 19.28 19.25 19.25 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
Wage Growth (%) 2.20 6.5 4 4.5 4.5 5
Employment Rate (%) 65.20 68.3 68.3 68.3 68.3 69.5

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 2.50 2.5 2.4 2.9 2.8 3.1
Consumer Price Index CPI (points) 101.36 103 103 104 104 106
Core Consumer Prices (points) 108.49 112 110 111 111 118
Core Inflation Rate (%) 2.30 3.5 3.5 3.5 3.5 2.6
Producer Prices (points) 110.30 116 111 112 113 120
Producer Prices Change (%) -0.66 -0.8 1 2.5 2.5 3.8
CPI Transportation (points) 100.50 102 102 103 103 106
Food Inflation (%) 4.96 4.5 4.5 4.5 4.5 3.5
Harmonised Consumer Prices (points) 110.53 112 113 114 114 116

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 1.50 1.5 1.5 1.75 1.75 2
Interbank Rate (%) 1.95 3.31 1.95 2.2 2.2 3.31
Lending Rate (%) 2.00 3.75 2.25 2.5 2.5 3.75
Cash Reserve Ratio (%) 6.00 6 6 6 6 6
Deposit Interest Rate (%) 1.00 1.75 1.25 1.5 1.5 1.75

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (EUR Million) -1513.90 -1700 -1700 -1850 -1650 -1620
Current Account (EUR Million) -1002.00 -720 -600 -990 -990 -920
Current Account to GDP (%) -4.60 -3.1 -3.5 -3.5 -3.5 -3.5
Exports (EUR Million) 4598.20 4700 5500 5350 5350 4800
Imports (EUR Million) 6112.10 6400 7350 7000 7000 6500
Tourist Arrivals (Persons) 12986.00 74300 151000 174200 182000 98000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 35.20 49.5 55 55 55 55
Government Budget (% of GDP) -4.30 -8.9 -10 -10 -10 -10
Government Budget Value (RON Million) -54702.10 -15032 -15032 -15032 -15032 -14988
Government Spending (RON Million) 2388.00 1860 2940 2143 2550 1920
Government Spending to GDP (%) 36.00 41.3 43.5 43.5 43.5 43.5

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2021
Industrial Production (%) -5.10 -3.9 6.2 15.8 8 5.5
Industrial Production Mom (%) 3.90 0.6 0.6 0.6 0.6 0.4
Manufacturing Production (%) -7.20 -5 5 6 6 8
Mining Production (%) -10.30 -8 4 6 6 5
Business Confidence (points) -6.10 -9 -2 -1.5 -1 -0.5

Consumer Actual Q4 Q1 Q2 Q3 2021
Retail Sales MoM (%) -1.60 0.4 0.6 1 1 0.9
Retail Sales YoY (%) 2.30 -4.5 1.7 3.5 3.5 7
Consumer Spending (RON Million) 36449.70 43446 40556 40473 38928 44837
Consumer Credit (RON Million) 49234.50 48572 44905 46104 51821 50126
Consumer Confidence (points) -26.10 -27 -18 -20 -21 -23
Gasoline Prices (USD/Liter) 1.07 1.18 0.93 0.88 0.84 1.12

Housing Actual Q4 Q1 Q2 Q3 2021
Construction Output (%) 12.40 4 4 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.