Romania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.30 1 0.9 0.8 0.9 0.6 percent [+]
Unemployment Rate 5.40 5.9 5.8 5.7 5.6 5.1 percent [+]
Inflation Rate 0.20 0.1 0.4 0.7 1.1 2.1 percent [+]
Interest Rate 1.75 1.75 1.75 1.75 1.75 2.5 percent [+]
Balance of Trade -602.20 -785 -825 -807 -821 -819 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 4.23 4.33 4.38 4.42 4.5 5.15 [+]
Stock Market 8004.79 7940 7860 7780 7620 6420 points [+]
Government Bond 10Y 3.94 3.71 3.74 3.78 3.82 4.4 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.30 1 0.9 0.8 0.9 0.6 percent [+]
GDP Annual Growth Rate 4.70 5.1 5.2 5 4.8 3.2 percent [+]
GDP 177.95 187 184 184 189 211 USD Billion [+]
GDP Constant Prices 37120.70 37456 37724 37948 38168 39941 RON Million [+]
Gross Fixed Capital Formation 8339.50 8268 8232 8213 8204 8194 RON Million [+]
GDP per capita 9530.66 9507 9609 9711 9813 10718 USD [+]
GDP per capita PPP 19934.05 20010 20192 20374 20556 23773 USD [+]
GDP From Agriculture 2256.40 2373 2535 2653 2691 2611 RON Million [+]
GDP From Construction 2483.90 2329 2429 2370 2400 2378 RON Million [+]
GDP From Manufacturing 8058.40 8044 8032 8016 8040 8034 RON Million [+]
GDP From Public Administration 1399.70 1419 1428 1432 1422 1425 RON Million [+]
GDP From Services 9726.50 9880 9809 9813 9657 9723 RON Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.40 5.9 5.8 5.7 5.6 5.1 percent [+]
Employed Persons 4732.50 4717 4720 4724 4725 4724 Thousand [+]
Unemployed Persons 421.20 432 437 436 436 436 Thousand [+]
Long Term Unemployment Rate 2.80 2.9 2.89 2.86 2.83 2.82 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 1.29 1.31 1.29 1.31 1.29 1.29 percent [+]
Wages 3168.00 3202 3259 3339 3413 4210 RON/Month [+]
Wages in Manufacturing 2735.00 2643 2599 2618 2621 2619 RON/Month [+]
Minimum Wages 275.39 276 276 270 250 300 EUR/Month [+]
Population 19.76 19.84 19.82 19.8 19.78 19.51 Million [+]
Retirement Age Women 60.30 60.33 60.4 60.47 60.53 61.32 [+]
Retirement Age Men 65.00 65 65 65 65 64.42 [+]
Employment Rate 63.10 59.84 61.71 62.88 61.23 61.24 percent [+]
Full Time Employment 7697.80 7392 7581 7687 7543 7556 Thousand [+]
Labor Force Participation Rate 54.80 52.21 53.63 54.46 53.18 53.14 percent [+]
Productivity 156.80 136 133 133 133 133 Index Points [+]
Part Time Employment 636.70 608 614 621 616 615 Thousand [+]
Living Wage Family 2404.80 2377 2391 2384 2387 2386 RON/Month [+]
Living Wage Individual 1997.20 1883 1861 1857 1856 1856 RON/Month [+]
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 0.20 0.1 0.4 0.7 1.1 2.1 percent [+]
Consumer Price Index CPI 99.91 99.92 99.93 99.94 99.94 99.94 Index Points [+]
Core Consumer Prices 100.16 100 100 100 100 102 Index Points [+]
Core Inflation Rate -0.30 -0.21 -0.41 -0.49 -0.58 -1.06 percent [+]
Producer Prices 113.44 115 117 119 121 140 Index Points [+]
Producer Prices Change 2.60 3.4 4.2 5.1 3.9 2 percent [+]
Food Inflation 1.40 1.74 1.89 1.83 1.82 1.82 percent [+]
Cpi Transportation 100.05 100 99.94 100 99.97 99.98 Index Points [+]
Inflation Rate Mom -0.09 -0.05 -0.03 -0.03 -0.03 -0.03 percent [+]
Harmonised Consumer Prices 99.28 99.25 99.27 99.28 99.3 99.46 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.75 1.75 1.75 1.75 1.75 2.5 percent [+]
Interbank Rate 0.64 0.62 0.64 0.63 0.63 0.63 percent [+]
Money Supply M0 55292.20 55770 57486 59152 60804 79394 RON Million [+]
Money Supply M1 179171.60 180827 189107 195224 201245 249607 RON Million [+]
Money Supply M2 312162.30 313944 321400 327949 334487 408588 RON Million [+]
Money Supply M3 312279.50 313961 321479 327998 334523 408560 RON Million [+]
Foreign Exchange Reserves 38434.60 38410 38486 38492 38493 38494 EUR Million [+]
Banks Balance Sheet 425858.19 428737 431427 434530 437622 466558 RON Million [+]
Cash Reserve Ratio 10.00 9.7 9.68 9.68 9.68 9.68 percent [+]
Central Bank Balance Sheet 189218.49 189572 189768 189652 189656 189637 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 -602.20 -785 -825 -807 -821 -819 EUR Million [+]
Exports 4680.20 5065 4712 4856 4663 4673 EUR Million [+]
Imports 5282.40 5707 5586 5641 5620 5625 EUR Million [+]
Current Account 416.00 -140 -135 -134 -59.47 -287 EUR Million [+]
Current Account to GDP -1.00 -1.7 -1.7 -1.18 -1.24 -1.37 percent [+]
External Debt 92163.00 92357 92555 92757 92943 94296 EUR Million [+]
Remittances 833.00 729 752 899 794 779 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 110.30 294 292 291 290 290 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 1951.20 -8640 -10088 -9751 -9566 -9600 RON Million [+]
Government Spending 1659.80 1614 1672 1648 1652 1650 RON Million [+]
Government Spending to GDP 35.50 35.24 35.79 36.33 36.87 38.55 percent [+]
Government Revenues 8968.70 18701 64615 58975 48258 53409 RON Million [+]
Government Debt 254890.50 268142 271092 273971 276349 298133 RON Million [+]
Fiscal Expenditure 7017.60 27637 73653 66172 57829 62069 RON Million [+]
Asylum Applications 275.00 275 299 289 301 297 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 5.50 5.16 5.37 5.41 5.41 5.41 percent [+]
Industrial Production Mom -0.50 0.51 0.41 0.39 0.39 0.39 percent [+]
Manufacturing Production 8.60 7.7 7.4 7.4 7.42 7.43 percent [+]
Capacity Utilization 77.90 77.16 78.24 78.41 78.51 78.75 percent [+]
Changes in Inventories 7362.30 3403 7329 3436 7297 7114 RON Million [+]
Car Registrations 103147.00 96628 95968 107144 103374 101813 Cars [+]
Business Confidence 0.90 0.5 0.85 0.86 0.86 0.86 [+]
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 6455.00 5998 5271 5470 5743 5597 Gigawatt-hour [+]
Corruption Index 48.00 48 48 48 48 50 Points [+]
Corruption Rank 57.00 67.24 66.98 66.71 66.44 64.26 [+]
Mining Production -7.10 -7.85 -7.7 -7.77 -7.8 -7.79 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales MoM 0.20 0.7 0.7 0.44 0.6 0.4 percent [+]
Retail Sales YoY 6.20 8.9 8.9 5.02 4.1 2.9 percent [+]
Consumer Spending 33928.80 34170 34445 34633 34782 35793 RON Million [+]
Consumer Credit 34963.87 35106 35297 35465 35590 35996 RON Million [+]
Consumer Confidence -10.40 -14.2 -9.88 -9.77 -9.75 -9.75 [+]
Gasoline Prices 1.14 1.13 1.13 1.14 1.14 1.14 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 1561.00 2391 3647 3417 2674 3012 [+]
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. 3/30/2017