Romania Current Account to GDP

Romania recorded a Current Account deficit of 3.80 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Romania is reported by the Eurostat. From 1980 until 2012, Romania Current Account to GDP averaged -3.5 Percent reaching an all time high of 6.6 Percent in December of 1988 and a record low of -13.4 Percent in December of 2007. 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. This page provides - Romania Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-3.80 -4.50 6.60 -13.40 -3.42 | 2013/12 1980 - 2012 Percent Yearly

TO

Romania Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -314.80 2014-02-15 -251.20 137.60 -2542.10 -515.37 2014-03-31 EUR Million [+]
Current Account -490.00 2014-02-28 388.00 463.90 -2290.00 -221.98 2014-03-31 EUR Million [+]
Exports 4338.90 2014-02-15 3935.70 4701.90 143.20 4675.04 2014-03-31 EUR Million [+]
External Debt 76555.00 2014-02-28 78354.30 80784.00 13078.60 77424.79 2014-02-28 EUR Million [+]
Imports 4653.70 2014-02-15 4186.90 5521.70 219.70 5006.11 2014-03-31 EUR Million [+]
Remittances 488.00 2013-11-15 619.00 1425.00 276.00 602.41 2013-12-31 EUR Million [+]
Current Account to GDP -3.80 2012-12-31 -4.50 6.60 -13.40 -3.42 2013-12-31 Percent [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Romania Exports at 4338.90 EUR Million  
Exports in Romania increased to 4338.90 EUR Million in February of 2014 from 3935.70 EUR Million in January of 2014. Exports in Romania is reported by the Institutul National de Statistica.
Romania GDP Constant Prices at 32907.50 RON Million  
GDP Constant Prices in Romania increased to 32907.50 RON Million in the fourth quarter of 2013 from 32388 RON Million in the third quarter of 2013. GDP Constant Prices in Romania is reported by the Institutul National de Statistica.
Romania Government Spending at 1377.70 RON Million  
Government Spending in Romania increased to 1377.70 RON Million in the fourth quarter of 2013 from 1347.90 RON Million in the third quarter of 2013. Government Spending in Romania is reported by the Institutul National de Statistica.
Romania Gross Fixed Capital Formation at 8537.90 RON Million  
Gross Fixed Capital Formation in Romania increased to 8537.90 RON Million in the fourth quarter of 2013 from 8505.60 RON Million in the third quarter of 2013. Gross Fixed Capital Formation in Romania is reported by the Institutul National de Statistica.
Romania Imports at 4653.70 EUR Million  
Imports in Romania increased to 4653.70 EUR Million in February of 2014 from 4186.90 EUR Million in January of 2014. Imports in Romania is reported by the Institutul National de Statistica.
Romania Job Vacancies Rate at 0.74 Percent  
Job Vacancies in Romania decreased to 0.74 percent in the fourth quarter of 2013 from 0.78 percent in the third quarter of 2013. Job Vacancies in Romania is reported by the Institutul National de Statistica.
Romania Labour Costs at 145.40 Index Points  
Labour Costs in Romania increased to 145.40 Index Points in the fourth quarter of 2013 from 140.70 Index Points in the third quarter of 2013. Labour Costs in Romania is reported by the Eurostat.
Romania Producer Prices at 115.10 Index Points  
Producer Prices in Romania decreased to 115.10 Index Points in February of 2014 from 115.30 Index Points in January of 2014. Producer Prices in Romania is reported by the Institutul National de Statistica.
Romania Producer Prices Change at -1.17 Percent  
Producer Prices in Romania decreased 1.17 percent in February of 2014 over the same month in the previous year. Producer Prices Change in Romania is reported by the Institutul National de Statistica.
Romania Remittances at 488.00 EUR Million  
Remittances in Romania decreased to 488 EUR Million in the fourth quarter of 2013 from 619 EUR Million in the third quarter of 2013. Remittances in Romania is reported by the Eurostat.
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