Romania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 1.1 0.9 1 0.7 0.6 percent [+]
Unemployment Rate 5.80 5.8 5.9 5.7 5.7 5.1 percent [+]
Inflation Rate -0.40 0.2 0.3 0.5 0.8 2.1 percent [+]
Interest Rate 1.75 1.75 1.75 1.75 1.75 2.75 percent [+]
Balance of Trade -786.80 -775 -833 -821 -825 -823 EUR Million [+]
Government Debt to GDP 38.40 37.65 37.33 37.01 36.7 34.3 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 4.22 4.28 4.32 4.37 4.41 5.09 [+]
Stock Market 6948.28 6770 6700 6630 6570 5470 points [+]
Government Bond 10Y 3.48 3.58 3.61 3.65 3.68 4.25 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.60 1.1 0.9 1 0.7 0.6 percent [+]
GDP Annual Growth Rate 4.60 5.5 3.9 5.2 5.1 2.8 percent [+]
GDP 177.95 181 182 184 183 211 USD Billion [+]
GDP Constant Prices 36462.00 37175 37520 37887 38275 43240 RON Million [+]
Gross Fixed Capital Formation 9208.90 7846 7308 6764 6580 5190 RON Million [+]
GDP per capita 9526.59 9813 9871 9930 9989 10718 USD [+]
GDP per capita PPP 19925.54 20556 20746 20936 21126 23773 USD [+]
GDP From Agriculture 3026.10 2873 2971 2909 2906 2789 RON Million [+]
GDP From Construction 2476.10 2585 2422 2528 2468 2509 RON Million [+]
GDP From Manufacturing 7746.20 7755 7766 7759 7768 7764 RON Million [+]
GDP From Public Administration 1473.50 1467 1469 1469 1470 1469 RON Million [+]
GDP From Services 8856.40 8899 9003 8800 8947 8904 RON Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 5.80 5.8 5.9 5.7 5.7 5.1 percent [+]
Employed Persons 4741.10 4731 4720 4721 4724 4723 Thousand [+]
Unemployed Persons 418.20 415 416 416 416 416 Thousand [+]
Long Term Unemployment Rate 3.00 3 3.11 3.07 3.08 3.08 percent [+]
Youth Unemployment Rate 20.40 20.2 20.19 20.18 20.18 20.18 percent [+]
Labour Costs 110.10 91.98 116 112 93.18 96.17 Index Points [+]
Job Vacancies 1.16 1.11 1.15 1.11 1.15 1.11 percent [+]
Wages 2898.00 2757 2769 2777 2774 3632 RON/Month [+]
Wages in Manufacturing 2632.00 2473 2492 2531 2521 3277 RON/Month [+]
Minimum Wages 276.34 276 276 276 276 300 EUR/Month [+]
Population 19.87 19.78 19.76 19.74 19.72 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 61.80 61.26 59.84 61.71 62.88 61.24 percent [+]
Full Time Employment 7598.40 7542 7394 7583 7693 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 112.50 119 119 119 119 119 Index Points [+]
Part Time Employment 627.00 639 618 625 639 629 Thousand [+]
Labor Force Participation Rate 52.70 54.03 52.72 54.65 55.59 54.03 percent [+]
Wages High Skilled 2520.00 2447 2448 2448 2448 2448 RON/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.40 0.2 0.3 0.5 0.8 2.1 percent [+]
Consumer Price Index CPI 100.43 100 99.97 99.96 99.96 99.96 Index Points [+]
Core Consumer Prices 100.01 100 100 100 101 102 Index Points [+]
Core Inflation Rate 0.00 -0.13 -0.32 -0.51 -0.69 -2.7 percent [+]
Producer Prices 110.20 110 111 111 111 114 Index Points [+]
Producer Prices Change -1.50 -0.7 -0.2 -0.2 -0.71 1.7 percent [+]
Food Inflation 0.50 1.59 2.07 2.03 2.02 2.02 percent [+]
Cpi Transportation 100.00 99.99 99.99 99.99 99.99 99.99 Index Points [+]
Inflation Rate Mom 0.40 0.06 0 0 0 0 percent [+]
Harmonised Consumer Prices 99.09 99.24 99.24 99.26 99.27 99.46 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 1.75 1.75 1.75 1.75 1.75 2.75 percent [+]
Interbank Rate 0.60 0.64 0.67 0.65 0.64 0.65 percent [+]
Money Supply M0 52215.20 53170 54586 55987 57372 74055 RON Million [+]
Money Supply M1 166627.90 171735 179643 187889 196490 349395 RON Million [+]
Money Supply M2 296520.20 302323 308947 315804 322905 442187 RON Million [+]
Money Supply M3 296618.60 301850 307773 313801 319934 410500 RON Million [+]
Foreign Exchange Reserves 38124.00 38209 38260 38254 38252 38250 EUR Million [+]
Banks Balance Sheet 415386.91 412339 413455 415043 416997 455640 RON Million [+]
Cash Reserve Ratio 10.00 9.86 9.7 9.68 9.68 9.68 percent [+]
Central Bank Balance Sheet 185785.03 185568 186953 187318 187419 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 Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -786.80 -775 -833 -821 -825 -823 EUR Million [+]
Exports 5241.20 4690 4993 4851 5023 4828 EUR Million [+]
Imports 6028.00 5701 5789 5756 5766 5764 EUR Million [+]
Current Account -30.00 -237 -154 -219 -205 -287 EUR Million [+]
Current Account to GDP -1.00 -1.7 -1.7 -1.7 -1.55 -1.37 percent [+]
External Debt 90677.10 90801 90850 90890 90927 91204 EUR Million [+]
Remittances 1051.00 1097 926 928 1045 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 116.90 342 339 336 336 336 EUR Million [+]
Terrorism Index 0.00 0.02 0.02 0.03 0.03 0.03 [+]
Weapons Sales 2.00 20.87 -0.21 -21.3 -12.54 15.89 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 38.40 37.65 37.33 37.01 36.7 34.3 percent [+]
Government Budget -0.70 -2.5 -2.5 -2.5 -0.76 -0.2 percent of GDP [+]
Government Budget Value -15032.10 -8586 -8406 -8660 -8612 -8605 RON Million [+]
Government Spending 1602.00 1602 1598 1629 1601 1613 RON Million [+]
Government Spending to GDP 35.50 36.87 37.31 37.76 38.2 38.55 percent [+]
Government Revenues 76485.00 51402 49319 55614 53872 53546 RON Million [+]
Government Debt 258638.60 266402 268142 271092 273971 298133 RON Million [+]
Fiscal Expenditure 91517.10 56666 57010 63231 60705 60799 RON Million [+]
Asylum Applications 140.00 123 121 122 120 121 persons [+]
Military Expenditure 2980.30 3043 3175 3307 3392 4706 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 1.40 1.49 3.78 4.16 2.53 2.02 percent [+]
Industrial Production Mom 1.00 0.45 0.39 0.39 0.39 0.39 percent [+]
Manufacturing Production 5.80 5.51 5.66 4.94 4.84 4.47 percent [+]
Capacity Utilization 76.90 77.56 77.16 77.53 77.85 78.78 percent [+]
Changes in Inventories 3999.00 3966 -180 3934 -148 3722 RON Million [+]
Car Registrations 122636.00 121516 112505 108055 116422 114947 Cars [+]
Business Confidence 0.80 0.77 0.7 0.69 0.68 0.68 [+]
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 36.43 36.01 35.81 35.6 35.88 [+]
Electricity Production 4873.00 5022 5310 5309 5211 5241 Gigawatt-hour [+]
Corruption Index 46.00 50.84 51.38 51.91 52.45 59.39 Points [+]
Corruption Rank 58.00 66.45 66.25 66.06 65.87 64.3 [+]
Mining Production -13.90 -14.99 -15.49 -15.5 -15.44 -15.43 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Retail Sales MoM 0.10 0.4 0.7 0.7 0.34 0.4 percent [+]
Retail Sales YoY 11.10 11.5 8.9 8.9 9.97 2.9 percent [+]
Consumer Spending 34583.20 35124 35569 36002 36434 42735 RON Million [+]
Consumer Credit 34821.87 35323 36010 36537 36949 38367 RON Million [+]
Consumer Confidence -15.10 -14.94 -14.7 -14.67 -14.66 -14.66 [+]
Gasoline Prices 1.23 1.18 1.16 1.17 1.17 1.17 USD/Liter [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output 0.60 3.3 1.32 -0.5 0.4 0.39 percent [+]
Housing Index 89.16 90.49 92.42 93.62 93.82 100 Index Points [+]
Building Permits 4061.00 3396 3157 3481 3557 3420 [+]
Home Ownership Rate 96.40 96.42 96.42 96.42 96.42 96.42 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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 20 19 percent [+]
Social Security Rate 39.25 39.25 39.25 39.25 39.25 39.25 percent [+]
Social Security Rate For Companies 25.80 25.8 25.8 25.8 25.8 25.8 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. 12/2/2016