Romania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 0.9 1 0.8 0.7 0.6 percent [+]
Unemployment Rate 5.70 5.9 5.8 5.7 5.6 5.1 percent [+]
Inflation Rate -0.54 0.2 0.5 0.8 1.4 2.1 percent [+]
Interest Rate 1.75 1.75 1.75 1.75 2 2.75 percent [+]
Balance of Trade -865.50 -882 -869 -872 -869 -869 EUR Million [+]
Government Debt to GDP 38.40 38.86 38.46 38.06 37.65 34.3 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 4.19 4.45 4.49 4.53 4.58 5.23 [+]
Stock Market 7279.02 6880 6810 6740 6670 5620 points [+]
Government Bond 10Y 3.44 3.73 3.77 3.81 3.38 4.39 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 0.9 1 0.8 0.7 0.6 percent [+]
GDP Annual Growth Rate 4.30 5.1 5.2 5 4.8 3.2 percent [+]
GDP 177.95 187 184 184 189 211 USD Billion [+]
GDP Constant Prices 36632.50 37185 37529 37895 38249 42299 RON Million [+]
Gross Fixed Capital Formation 8564.50 8193 7293 6948 6690 5545 RON Million [+]
GDP per capita 9530.66 9507 9609 9711 9813 10718 USD [+]
GDP per capita PPP 19925.54 20010 20192 20374 20556 23773 USD [+]
GDP From Agriculture 2634.60 2971 2909 2906 2901 2789 RON Million [+]
GDP From Construction 2481.40 2422 2528 2468 2534 2509 RON Million [+]
GDP From Manufacturing 7838.90 7766 7759 7768 7761 7764 RON Million [+]
GDP From Public Administration 1465.70 1469 1469 1470 1469 1469 RON Million [+]
GDP From Services 9138.40 9003 8800 8947 8829 8904 RON Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.70 5.9 5.8 5.7 5.6 5.1 percent [+]
Employed Persons 4749.10 4720 4721 4724 4724 4723 Thousand [+]
Unemployed Persons 416.70 416 416 416 416 416 Thousand [+]
Long Term Unemployment Rate 3.00 3.11 3.07 3.08 3.06 3.08 percent [+]
Youth Unemployment Rate 20.30 20.19 20.18 20.18 20.18 20.18 percent [+]
Labour Costs 91.90 116 112 93.18 93.77 96.17 Index Points [+]
Job Vacancies 1.16 1.15 1.11 1.15 1.11 1.11 percent [+]
Wages 3005.00 2757 2769 2777 2774 3632 RON/Month [+]
Wages in Manufacturing 2084.00 2473 2492 2531 2521 3277 RON/Month [+]
Minimum Wages 276.34 276 276 276 250 300 EUR/Month [+]
Population 19.87 19.84 19.82 19.8 19.78 19.51 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Rate 63.10 59.84 61.71 62.88 61.23 61.24 percent [+]
Full Time Employment 7598.40 7394 7583 7693 7548 7561 Thousand [+]
Living Wage Family 3160.00 3269 3236 3246 3243 3244 RON/Month [+]
Living Wage Individual 1720.00 1765 1748 1754 1752 1753 RON/Month [+]
Productivity 146.00 119 119 119 119 119 Index Points [+]
Part Time Employment 627.00 618 625 639 633 629 Thousand [+]
Labor Force Participation Rate 52.70 52.72 54.65 55.59 53.99 54.03 percent [+]
Wages High Skilled 2520.00 2447 2448 2448 2448 2448 RON/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate -0.54 0.2 0.5 0.8 1.4 2.1 percent [+]
Consumer Price Index CPI 99.54 99.96 99.95 99.95 99.95 99.95 Index Points [+]
Core Consumer Prices 100.34 100 101 101 101 103 Index Points [+]
Core Inflation Rate -0.50 -0.52 -0.75 -0.98 -1.2 -3.48 percent [+]
Producer Prices 111.33 112 112 112 113 116 Index Points [+]
Producer Prices Change -0.20 -0.2 -0.2 0.74 0.6 1.7 percent [+]
Food Inflation 0.68 -0.05 0.02 0.03 0.02 0.02 percent [+]
Cpi Transportation 99.65 100 100 100 100 100 Index Points [+]
Inflation Rate Mom 0.24 0 0 0 0 0 percent [+]
Harmonised Consumer Prices 99.41 99.15 99.16 99.16 99.16 99.18 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.75 1.75 1.75 1.75 2 2.75 percent [+]
Interbank Rate 0.61 0.67 0.65 0.65 0.65 0.65 percent [+]
Money Supply M0 53256.60 55278 56795 58294 59777 76319 RON Million [+]
Money Supply M1 171017.30 179931 188415 197297 206596 358896 RON Million [+]
Money Supply M2 301807.60 308304 315782 323584 331726 462642 RON Million [+]
Money Supply M3 301912.50 306801 313081 319492 326037 416047 RON Million [+]
Foreign Exchange Reserves 37905.00 37885 37898 37903 37903 37902 EUR Million [+]
Banks Balance Sheet 419615.40 413455 415043 416997 419237 455640 RON Million [+]
Cash Reserve Ratio 10.00 9.7 9.68 9.68 9.68 9.68 percent [+]
Central Bank Balance Sheet 186421.17 186953 187318 187419 187448 187461 RON Million [+]
Deposit Interest Rate 0.25 0.25 0.25 0.25 0.25 0.25 percent [+]
Lending Rate 3.25 3.25 3.25 3.25 3.25 3.25 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -865.50 -882 -869 -872 -869 -869 EUR Million [+]
Exports 5304.90 5035 4893 5055 4852 4866 EUR Million [+]
Imports 6170.40 5867 5827 5841 5837 5838 EUR Million [+]
Current Account -398.00 -237 -154 -219 -205 -287 EUR Million [+]
Current Account to GDP -1.00 -1.7 -1.7 -1.18 -1.24 -1.37 percent [+]
External Debt 92498.00 90850 90890 90927 90960 91204 EUR Million [+]
Remittances 1051.00 926 928 1045 1082 1036 EUR Million [+]
Gold Reserves 103.70 104 104 104 104 104 Tonnes [+]
Crude Oil Production 80.00 79.99 79.99 79.99 79.99 79.99 BBL/D/1K [+]
Foreign Direct Investment 274.80 339 336 336 336 336 EUR Million [+]
Terrorism Index 0.00 0.02 0.02 0.02 0.02 0.03 [+]
Weapons Sales 2.00 20.87 -0.21 -21.3 -12.54 15.89 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 38.40 38.86 38.46 38.06 37.65 34.3 percent [+]
Government Budget -0.70 -2.5 -2.5 -0.69 -2.3 -0.2 percent of GDP [+]
Government Budget Value -17118.00 -8406 -8660 -8612 -8601 -8605 RON Million [+]
Government Spending 1636.30 1607 1665 1643 1648 1644 RON Million [+]
Government Spending to GDP 35.50 35.24 35.79 36.33 36.87 38.55 percent [+]
Government Revenues 95809.10 49319 55614 53872 52922 53546 RON Million [+]
Government Debt 254890.50 268142 271092 273971 276349 298133 RON Million [+]
Fiscal Expenditure 112927.00 57010 63231 60705 60317 60799 RON Million [+]
Asylum Applications 415.00 141 135 132 130 127 persons [+]
Military Expenditure 2980.30 3043 3175 3307 3392 4706 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 1.50 3.22 3.65 1.87 2.32 1.7 percent [+]
Industrial Production Mom 0.60 0.4 0.39 0.39 0.39 0.39 percent [+]
Manufacturing Production 4.40 5.66 4.94 4.84 4.7 4.47 percent [+]
Capacity Utilization 76.90 77.16 77.53 77.85 78.1 78.78 percent [+]
Changes in Inventories 2130.70 2167 5668 2203 5633 5436 RON Million [+]
Car Registrations 122636.00 112505 108055 116422 117858 114947 Cars [+]
Business Confidence 1.00 0.94 0.94 0.94 0.94 0.94 [+]
Competitiveness Index 4.30 4.25 4.25 4.27 4.27 4.19 Points [+]
Competitiveness Rank 62.00 52.23 52.23 52.23 52.33 52.22 [+]
Ease Of Doing Business 36.00 36.22 36.01 35.81 35.6 35.88 [+]
Electricity Production 5833.00 5310 5309 5211 5217 5241 Gigawatt-hour [+]
Corruption Index 46.00 48.72 49.43 50.14 50.85 59.43 Points [+]
Corruption Rank 58.00 67.24 66.98 66.71 66.44 64.26 [+]
Mining Production -7.90 -15.49 -15.5 -15.44 -15.42 -15.43 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales MoM 1.40 0.7 0.7 0.5 0.6 0.4 percent [+]
Retail Sales YoY 9.30 8.9 8.9 7.66 4.1 2.9 percent [+]
Consumer Spending 33884.80 36042 36585 37131 37681 44622 RON Million [+]
Consumer Credit 35065.31 36010 36537 36949 37271 38367 RON Million [+]
Consumer Confidence -17.40 -17.4 -17.42 -17.42 -17.42 -17.42 [+]
Gasoline Prices 1.18 1.14 1.15 1.16 1.16 1.15 USD/Liter [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output 1.00 -0.08 -1.8 -1.19 -0.86 -0.86 percent [+]
Housing Index 88.55 92.42 93.62 93.82 94.75 100 Index Points [+]
Building Permits 2672.00 3396 3157 3481 3557 3420 [+]
Home Ownership Rate 96.40 96.37 96.39 96.4 96.42 96.42 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 16.00 16 16 16 16 16 percent [+]
Personal Income Tax Rate 16.00 16 16 16 16 16 percent [+]
Sales Tax Rate 20.00 20 20 20 19 19 percent [+]
Social Security Rate 39.95 39.25 39.25 39.25 39.25 39.25 percent [+]
Social Security Rate For Companies 23.45 42.3 42.3 42.3 42.3 42.3 percent [+]
Social Security Rate For Employees 16.50 16.5 16.5 16.5 16.5 16.5 percent [+]





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. 1/23/2017