Markets Actual Q2 Q3 Q4 Q1 2022
Currency 4.05 4.1 4.12 4.13 4.15 4.18
Stock Market (points) 11591.48 11289 11077 10869 10664 10254
Government Bond 10Y (%) 3.11 3.16 3.21 3.26 3.32 3.42

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 4.80 2 3.5 1.3 0.5 0.5
GDP Annual Growth Rate (%) -1.40 8.8 5.8 4.3 4.7 4.6
Unemployment Rate (%) 5.50 7.5 7.2 6.9 6.5 4.9
Inflation Rate (%) 3.05 3.2 3.3 3.4 2.4 2.8
Interest Rate (%) 1.25 1.25 1.25 1.25 1.5 2
Balance of Trade (EUR Million) -1889.30 -2250 -1650 -1620 -2400 -2700
Current Account (EUR Million) -1463.00 -990 -900 -920 -930 -850
Current Account to GDP (%) -4.60 -4.8 -4.8 -4.8 -4.4 -4.4
Government Debt to GDP (%) 47.30 52.9 52.9 52.9 55.2 55.2
Government Budget (% of GDP) -9.20 -7.5 -7.5 -7.5 -6.2 -6.2
Retail Sales MoM (%) 2.30 1 0.9 0.7 0.5 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 Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 4.80 2 3.5 1.3 0.5 0.5
GDP Annual Growth Rate (%) -1.40 8.8 5.8 4.3 4.7 4.6
GDP (USD Billion) 250.08 288 288 288 315 315
GDP Constant Prices (RON Million) 42537.20 43280 41723 46142 44366 46407
Gross Fixed Capital Formation (RON Million) 12699.20 11843 13674 11353 13245 13855
GDP per capita (USD) 12131.40 11900 11900 11900 12200 12200
GDP per capita PPP (USD) 29909.00 29300 29300 29300 29800 29800
GDP From Agriculture (RON Million) 2987.70 2994 3005 3235 3116 3260
GDP From Construction (RON Million) 2173.90 2692 2848 2333 2267 2372
GDP From Manufacturing (RON Million) 9423.10 9472 8745 11381 9828 10280
GDP From Public Administration (RON Million) 1752.00 1774 1959 1883 1827 1911
GDP From Services (RON Million) 13180.40 13291 12374 13871 13747 14380

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 5.50 7.5 7.2 6.9 6.5 4.9
Youth Unemployment Rate (%) 16.00 19.3 20.9 15.4 20.3 18.7
Wages (RON/Month) 5497.00 5682 5621 5658 6154 6554
Wages in Manufacturing (RON/Month) 4729.00 4826 4752 4847 5427 5779
Minimum Wages (EUR/Month) 458.07 460 460 460 500 500
Population (Million) 19.33 19.25 19.25 19.16 19.04 19.04
Retirement Age Women 61.67 61.67 61.67 61.67 61.92 61.92
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 4.80 4.7 4.7 4.2 4.9 6.5
Employment Rate (%) 65.80 6.8 67 67.2 67.8 68.4

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 3.05 3.2 3.3 3.4 2.4 2.8
Consumer Price Index CPI (points) 100.38 103 103 104 103 107
Core Consumer Prices (points) 109.75 109 110 118 112 114
Core Inflation Rate (%) 2.30 2.3 2.5 2.6 2 2.3
Producer Prices (points) 116.30 112 112 116 118 119
Producer Prices Change (%) 4.84 1.9 1.9 2.9 2.5 2.7
CPI Transportation (points) 99.99 103 104 104 102 107
Food Inflation (%) 1.59 2.9 3.1 3.2 2.2 2.7
Harmonised Consumer Prices (points) 113.23 114 114 115 116 118

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 1.25 1.25 1.25 1.25 1.5 2
Interbank Rate (%) 1.44 1.55 1.55 3.31 1.55 2.05
Lending Rate (%) 1.75 1.75 1.75 3.75 1.75 2.25
Deposit Interest Rate (%) 0.75 0.75 0.75 1.75 0.75 1.25
Cash Reserve Ratio (%) 5.00 5 5 5 5 5

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (EUR Million) -1889.30 -2250 -1650 -1620 -2400 -2700
Current Account (EUR Million) -1463.00 -990 -900 -920 -930 -850
Current Account to GDP (%) -4.60 -4.8 -4.8 -4.8 -4.4 -4.4
Imports (EUR Million) 7675.80 7000 8200 7800 8300 8400
Exports (EUR Million) 5786.50 5350 6450 5400 5900 5700
Tourist Arrivals (Persons) 20424.00 174200 182000 98000 170000 150000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 47.30 52.9 52.9 52.9 55.2 55.2
Government Budget (% of GDP) -9.20 -7.5 -7.5 -7.5 -6.2 -6.2
Government Budget Value (RON Million) -16565.60 -15032 -15032 -14988 -14988 -14988
Government Spending (RON Million) 2555.80 2281 2598 1920 2666 2788
Government Spending to GDP (%) 36.00 43.5 43.5 43.5 43.5 44

Taxes Actual Q2 Q3 Q4 Q1 2022
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 2022
Industrial Production (%) -2.60 15.8 8 5.5 6.3 4.6
Industrial Production Mom (%) -1.00 0.9 0.4 0.3 1.3 0.4
Manufacturing Production (%) -2.40 9 7 5 3.5 5
Mining Production (%) -16.80 -0.7 -0.5 -0.3 0.8 0.5
Business Confidence (points) 3.50 -1.5 -1 -0.5 0.2 0.8

Consumer Actual Q2 Q3 Q4 Q1 2022
Retail Sales MoM (%) 2.30 1 0.9 0.7 0.5 0.9
Retail Sales YoY (%) 5.60 3.3 2.5 2.8 4.5 6.5
Consumer Spending (RON Million) 40927.90 43084 39657 44837 42688 44651
Consumer Credit (RON Million) 49564.67 49079 52792 50126 51230 53586
Gasoline Prices (USD/Liter) 1.35 1.18 1.12 1.12 1.01 0.96

Housing Actual Q2 Q3 Q4 Q1 2022
Construction Output (%) 1.60 6.2 5.3 5.8 6.5 8.2


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.