Romania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.30 0.9 1 0.8 0.7 0.6 percent [+]
Unemployment Rate 5.50 5.9 5.8 5.7 5.6 5.1 percent [+]
Inflation Rate 0.10 0.1 0.4 0.7 1.1 2.1 percent [+]
Interest Rate 1.75 1.75 1.75 1.75 2 2.75 percent [+]
Balance of Trade -1185.40 -1002 -1038 -1011 -1023 -1020 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 4.26 4.45 4.49 4.53 4.58 5.23 [+]
Stock Market 8033.09 6880 6810 6740 6670 5620 points [+]
Government Bond 10Y 3.71 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 1.30 0.9 1 0.8 0.7 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 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 19934.05 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 5.50 5.9 5.8 5.7 5.6 5.1 percent [+]
Employed Persons 4751.10 4720 4721 4724 4724 4723 Thousand [+]
Unemployed Persons 418.20 409 414 415 415 415 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 3257.00 3194 3242 3319 3391 4164 RON/Month [+]
Wages in Manufacturing 2956.00 2634 2577 2596 2601 2600 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 [+]
Living Wage Family 2404.80 2377 2391 2384 2387 2386 RON/Month [+]
Living Wage Individual 1997.20 1883 1861 1857 1856 1856 RON/Month [+]
Productivity 146.00 119 119 119 119 119 Index Points [+]
Part Time Employment 636.70 608 614 621 616 615 Thousand [+]
Labor Force Participation Rate 54.80 52.21 53.63 54.46 53.18 53.14 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 0.10 0.1 0.4 0.7 1.1 2.1 percent [+]
Consumer Price Index CPI 100.05 99.89 99.91 99.91 99.91 99.91 Index Points [+]
Core Consumer Prices 100.34 100 101 101 101 103 Index Points [+]
Core Inflation Rate 0.00 -0.06 -0.16 -0.26 -0.36 -1.34 percent [+]
Producer Prices 112.30 114 116 118 120 134 Index Points [+]
Producer Prices Change 0.90 1 1.2 1.4 1.6 2.6 percent [+]
Food Inflation 1.10 1.03 0.99 0.97 0.97 0.97 percent [+]
Cpi Transportation 99.51 100 99.83 99.92 99.88 99.89 Index Points [+]
Inflation Rate Mom -0.19 -0.04 -0.03 -0.02 -0.02 -0.02 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 0.62 0.64 0.63 0.63 0.63 percent [+]
Money Supply M0 54324.10 55492 57149 58755 60346 78226 RON Million [+]
Money Supply M1 177743.00 181126 189454 195699 201829 251322 RON Million [+]
Money Supply M2 309775.70 312713 320195 326516 332849 404665 RON Million [+]
Money Supply M3 309888.80 312727 320279 326570 332890 404643 RON Million [+]
Foreign Exchange Reserves 38251.00 38100 38133 38138 38138 38137 EUR Million [+]
Banks Balance Sheet 421796.26 425086 426769 429070 431384 452979 RON Million [+]
Cash Reserve Ratio 10.00 9.7 9.68 9.68 9.68 9.68 percent [+]
Central Bank Balance Sheet 187418.87 188771 188721 188578 188572 188554 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 -1185.40 -1002 -1038 -1011 -1023 -1020 EUR Million [+]
Exports 4311.10 5092 4780 4921 4712 4726 EUR Million [+]
Imports 5496.50 5825 5725 5766 5752 5755 EUR Million [+]
Current Account -567.00 -399 -432 -412 -59.47 -287 EUR Million [+]
Current Account to GDP -1.00 -1.7 -1.7 -1.18 -1.24 -1.37 percent [+]
External Debt 92531.80 92970 93312 93622 93908 95963 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 -28606.70 -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 101476.40 49319 55614 53872 52922 53546 RON Million [+]
Government Debt 254890.50 268142 271092 273971 276349 298133 RON Million [+]
Fiscal Expenditure 130083.10 57010 63231 60705 60317 60799 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 3.90 3.42 3.33 3.31 3.31 3.31 percent [+]
Industrial Production Mom 1.60 0.52 0.4 0.39 0.38 0.38 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 2130.70 2167 5668 2203 5633 5436 RON Million [+]
Car Registrations 103147.00 96628 95968 107144 103374 101813 Cars [+]
Business Confidence 0.70 0.76 0.71 0.71 0.71 0.71 [+]
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 6381.00 5892 5257 5469 5693 5562 Gigawatt-hour [+]
Corruption Index 46.00 48.72 49.43 50.14 50.85 59.43 Points [+]
Corruption Rank 57.00 67.24 66.98 66.71 66.44 64.26 [+]
Mining Production -8.40 -8.94 -8.88 -8.86 -8.86 -8.86 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales MoM -0.10 0.7 0.7 0.49 0.6 0.4 percent [+]
Retail Sales YoY 8.40 8.9 8.9 6.95 4.1 2.9 percent [+]
Consumer Spending 33884.80 36042 36585 37131 37681 44622 RON Million [+]
Consumer Credit 34797.23 35150 35356 35538 35674 36118 RON Million [+]
Consumer Confidence -13.80 -13.9 -13.76 -13.75 -13.75 -13.75 [+]
Gasoline Prices 1.17 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 2519.00 2889 3645 3335 2944 3182 [+]
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. 2/28/2017