Romania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.40 0.9 0.8 0.9 0.9 0.6 percent [+]
Unemployment Rate 5.40 5.5 5.4 5.3 5.2 5.1 percent [+]
Inflation Rate 0.20 0.8 1 1.4 1.8 2.8 percent [+]
Interest Rate 1.75 1.75 1.75 1.75 1.75 2.5 percent [+]
Balance of Trade -651.60 -804 -767 -788 -782 -783 EUR Million [+]
Government Debt to GDP 37.60 36.89 36.71 36.54 36.3 35.03 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 4.24 4.31 4.36 4.48 4.44 5.12 [+]
Stock Market 8299.86 8040 7960 7720 7800 6500 points [+]
Government Bond 10Y 3.89 4.01 4.05 4.09 4.13 4.76 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.40 0.9 0.8 0.9 0.9 0.6 percent [+]
GDP Annual Growth Rate 4.80 5.2 5 4.8 4.4 3.2 percent [+]
GDP 177.95 184 184 189 182 211 USD Billion [+]
GDP Constant Prices 37152.50 37709 37934 38150 38354 39976 RON Million [+]
Gross Fixed Capital Formation 8153.60 8244 8083 8085 8069 8096 RON Million [+]
GDP per capita 9530.66 9546 9648 9750 9785 10077 USD [+]
GDP per capita PPP 19934.05 19966 20179 20392 20466 21077 USD [+]
GDP From Agriculture 2292.00 2616 2710 2713 2697 2701 RON Million [+]
GDP From Construction 2481.20 2493 2488 2496 2490 2501 RON Million [+]
GDP From Manufacturing 8076.40 8088 8097 8114 8127 8186 RON Million [+]
GDP From Public Administration 1399.30 1381 1378 1381 1382 1381 RON Million [+]
GDP From Services 9815.60 9842 9845 9775 9820 9805 RON Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 5.40 5.5 5.4 5.3 5.2 5.1 percent [+]
Employed Persons 4781.40 4770 4766 4767 4769 4769 Thousand [+]
Unemployed Persons 413.70 414 415 415 415 415 Thousand [+]
Long Term Unemployment Rate 2.80 2.89 2.86 2.83 2.84 2.82 percent [+]
Youth Unemployment Rate 20.40 20.42 20.42 20.42 20.42 20.42 percent [+]
Labour Costs 87.50 109 91.5 88.21 110 90.53 Index Points [+]
Job Vacancies 1.29 1.29 1.31 1.29 1.31 1.29 percent [+]
Wages 3108.00 3253 3333 3407 3475 4196 RON/Month [+]
Wages in Manufacturing 2741.00 2697 2714 2706 2705 2706 RON/Month [+]
Minimum Wages 275.39 276 286 250 295 300 EUR/Month [+]
Population 19.76 19.82 19.8 19.78 19.78 19.51 Million [+]
Retirement Age Women 60.30 60.4 60.47 60.53 60.6 61.32 [+]
Retirement Age Men 65.00 65 65 65 64.87 64.42 [+]
Employment Rate 61.60 61.87 63.11 61.62 60.24 61.62 percent [+]
Full Time Employment 7601.90 7602 7711 7609 7480 7614 Thousand [+]
Labor Force Participation Rate 53.20 53.5 54.36 52.93 51.9 52.88 percent [+]
Productivity 156.80 133 133 133 133 133 Index Points [+]
Part Time Employment 542.10 574 577 543 540 552 Thousand [+]
Living Wage Family 2404.80 2391 2384 2387 2386 2386 RON/Month [+]
Living Wage Individual 1997.20 1861 1857 1856 1856 1856 RON/Month [+]
Wages High Skilled 2520.00 2448 2448 2448 2448 2448 RON/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.20 0.8 1 1.4 1.8 2.8 percent [+]
Consumer Price Index CPI 100.28 100 100 99.99 100 100 Index Points [+]
Core Consumer Prices 99.63 99.75 99.75 99.76 99.76 99.8 Index Points [+]
Core Inflation Rate -0.10 -0.22 -0.27 -0.33 -0.38 -0.65 percent [+]
Producer Prices 113.70 117 119 121 123 140 Index Points [+]
Producer Prices Change 3.90 4.2 5.1 3.9 2.8 2 percent [+]
Food Inflation 1.70 1.8 1.74 1.73 1.74 1.74 percent [+]
Cpi Transportation 100.12 99.93 100 99.98 99.99 99.99 Index Points [+]
Inflation Rate Mom 0.08 0 0 0 0 0 percent [+]
Harmonised Consumer Prices 99.25 99.29 99.31 99.34 99.36 99.57 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 1.75 1.75 1.75 1.75 1.75 2.5 percent [+]
Interbank Rate 0.66 0.66 0.64 0.64 0.64 0.64 percent [+]
Money Supply M0 55292.20 57486 59152 60804 62439 79394 RON Million [+]
Money Supply M1 179171.60 189107 195224 201245 206859 249607 RON Million [+]
Money Supply M2 312162.30 321400 327949 334487 340974 408588 RON Million [+]
Money Supply M3 312279.50 321479 327998 334523 340998 408560 RON Million [+]
Foreign Exchange Reserves 38572.00 38684 38680 38679 38678 38678 EUR Million [+]
Banks Balance Sheet 425858.19 431427 434530 437622 440612 466558 RON Million [+]
Cash Reserve Ratio 10.00 10 10 10 10 10 percent [+]
Central Bank Balance Sheet 189218.49 189768 189652 189656 189639 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -651.60 -804 -767 -788 -782 -783 EUR Million [+]
Exports 5071.60 4861 4935 4766 5016 4782 EUR Million [+]
Imports 5723.20 5657 5729 5705 5713 5711 EUR Million [+]
Current Account -273.00 -127 -161 -59.47 -173 -287 EUR Million [+]
Current Account to GDP -1.00 -1.7 -1.18 -1.24 -1.34 -1.37 percent [+]
External Debt 92753.00 93216 93518 93798 94055 95819 EUR Million [+]
Remittances 833.00 752 899 794 749 779 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 110.30 292 291 290 290 290 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 37.60 36.89 36.71 36.54 36.3 35.03 percent [+]
Government Budget -3.00 -2.5 -3.8 -2.3 -4.72 -0.2 percent of GDP [+]
Government Budget Value -3786.90 -9873 -9471 -9244 -9277 -9283 RON Million [+]
Government Spending 1651.30 1658 1635 1647 1639 1643 RON Million [+]
Government Spending to GDP 34.70 36.32 36.15 35.97 36.11 37.68 percent [+]
Government Revenues 13561.60 64469 58941 48489 54000 53511 RON Million [+]
Government Debt 270865.80 272811 274957 281349 282659 309267 RON Million [+]
Fiscal Expenditure 17348.50 73905 66149 57542 62687 61927 RON Million [+]
Asylum Applications 90.00 141 142 142 142 142 persons [+]
Military Expenditure 2980.30 3043 3175 3307 3392 4706 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 5.50 6.08 6.15 6.16 6.16 6.16 percent [+]
Industrial Production Mom 0.60 0.41 0.39 0.39 0.39 0.39 percent [+]
Manufacturing Production 5.20 5.61 5.56 5.58 5.59 5.59 percent [+]
Capacity Utilization 77.90 78.24 78.41 78.51 78.58 78.75 percent [+]
Changes in Inventories 7419.40 7385 3830 7351 3864 7162 RON Million [+]
Car Registrations 103147.00 95968 107144 103374 100662 101813 Cars [+]
Business Confidence 0.90 0.85 0.86 0.86 0.86 0.86 [+]
Competitiveness Index 4.30 4.29 4.29 4.29 4.19 4.32 Points [+]
Competitiveness Rank 62.00 55 55 55 65 65 [+]
Ease Of Doing Business 36.00 36.01 35.81 35.6 35.68 35.88 [+]
Electricity Production 6455.00 5271 5470 5743 5638 5597 Gigawatt-hour [+]
Corruption Index 48.00 48 48 48 48 50 Points [+]
Corruption Rank 57.00 55 54 52 51 48 [+]
Mining Production -3.10 -5.37 -5.07 -5.06 -5.1 -5.1 percent [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales MoM 1.80 0.7 0.63 0.6 0.62 0.4 percent [+]
Retail Sales YoY 7.80 8.9 6.07 4.1 5.89 2.9 percent [+]
Consumer Spending 34018.40 34528 34734 34891 35025 35876 RON Million [+]
Consumer Credit 34963.87 35297 35465 35590 35686 35996 RON Million [+]
Consumer Confidence -10.40 -9.88 -9.77 -9.75 -9.75 -9.75 [+]
Gasoline Prices 1.14 1.14 1.15 1.15 1.15 1.15 USD/Liter [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Construction Output -3.60 -7.26 -7.17 -7.26 -7.31 -7.31 percent [+]
Housing Index 90.09 93.23 93.11 94.32 95.66 100 Index Points [+]
Building Permits 2367.00 3750 3305 2753 3043 3115 [+]
Home Ownership Rate 96.40 96.74 96.89 97.03 97.09 95.71 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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 19.00 20 19.95 19 18.29 19 percent [+]
Social Security Rate 39.95 39.48 40.22 40.95 40.92 40.83 percent [+]
Social Security Rate For Companies 23.45 23 23.66 24.32 24.29 24.21 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. 4/25/2017