Romania recorded a Current Account deficit of 4.60 percent of the country's Gross Domestic Product in 2019. source: Ministerul Finantelor Publice

Current Account to GDP in Romania averaged -3.42 percent from 1980 until 2019, reaching an all time high of 6.60 percent in 1988 and a record low of -13.60 percent in 2007. This page provides - Romania Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Current Account to GDP - values, historical data and charts - was last updated on July of 2021.

Current Account to GDP in Romania is expected to reach -4.80 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Current Account to GDP is projected to trend around -4.40 percent in 2022 and -4.10 percent in 2023, according to our econometric models.

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Romania Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.60 -4.50 6.60 -13.60 1980 - 2019 percent of GDP Yearly

Romania Trade Last Previous Highest Lowest Unit
Balance of Trade -1772.80 -1730.00 137.60 -2542.10 EUR Million [+]
Current Account -1613.00 -1266.00 871.00 -2344.00 EUR Million [+]
Current Account to GDP -4.60 -4.50 6.60 -13.60 percent of GDP [+]
Imports 7731.80 7979.40 8784.60 219.70 EUR Million [+]
Exports 5959.00 6249.40 6526.30 143.20 EUR Million [+]
External Debt 126984.00 126975.00 126984.00 13078.60 EUR Million [+]
Remittances 896.00 1113.00 1724.00 595.00 EUR Million [+]
Gold Reserves 103.65 103.65 105.32 103.65 Tonnes [+]
Terrorism Index 0.00 0.00 0.23 0.00 [+]
Tourist Arrivals 20424.00 19139.00 337836.00 1307.00 Persons [+]
Crude Oil Production 67.00 66.00 146.00 65.00 BBL/D/1K [+]
Foreign Direct Investment 94.00 240.00 2813.00 -1089.00 EUR Million [+]

Romania Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.