Romania's current account deficit narrowed to EUR 880 million in June 2020 from EUR 959 million in the corresponding period of the previous year, as the primary income shortfall dropped to EUR 510 million from EUR 953 million. Also, the services surplus decreased to EUR 761 million from EUR 763 million a year earlier. Meanwhile, the goods gap widened to EUR 1,439 million from EUR 1,219 million and the secondary income surplus fell to EUR 49 million from EUR 113 million.

Current Account in Romania averaged -455.16 EUR Million from 1997 until 2020, reaching an all time high of 901 EUR Million in March of 2015 and a record low of -2344 EUR Million in May of 2008. This page provides the latest reported value for - Romania Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Romania Current Account - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.

Current Account in Romania is expected to be -780.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Romania to stand at -990.00 in 12 months time. In the long-term, the Romania Current Account is projected to trend around -920.00 EUR Million in 2021 and -850.00 EUR Million in 2022, according to our econometric models.

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Romania Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-880.00 -523.00 901.00 -2344.00 1997 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-14 10:00 AM Mar €-1155M €-310M € -620M
2020-06-15 10:30 AM Apr €-931M €-446M €-1350M
2020-07-14 10:30 AM May €-775M €-1096M € -890M
2020-08-13 10:00 AM Jun €-880M €-523M € -910M
2020-09-14 10:00 AM Jul €-880M
2020-10-14 10:00 AM Aug
2020-11-13 11:00 AM Sep € -650M
2020-12-14 11:00 AM Oct


News Stream
Romania Current Account Deficit Narrows in June
Romania's current account deficit narrowed to EUR 880 million in June 2020 from EUR 959 million in the corresponding period of the previous year, as the primary income shortfall dropped to EUR 510 million from EUR 953 million. Also, the services surplus decreased to EUR 761 million from EUR 763 million a year earlier. Meanwhile, the goods gap widened to EUR 1,439 million from EUR 1,219 million and the secondary income surplus fell to EUR 49 million from EUR 113 million.
2020-08-13
Romania Current Account Gap Narrows in May
Romania's current account deficit narrowed to EUR 775 million in May 2020 from EUR 1,156 million in the same period last year, as the goods gap declined to EUR 1,264 million from EUR 1,415 million and the primary income deficit fell to EUR 522 million from EUR 610 million. At the same time, the services surplus increased to EUR 844 million from EUR 768 million and the secondary income surplus rose to EUR 168 million from EUR 101 million.
2020-07-14
Romania Current Account Deficit Narrows in April
Romania’s current account gap shrank to EUR 931 million in April of 2020 from EUR 1,138 million in the corresponding month of the previous year. The primary income deficit narrowed to EUR 222 million from EUR 403 million in April of 2019 and the secondary income account posted a EUR 114 million surplus, compared to a EUR 163 million gap a year earlier. Also, the services surplus edged up to EUR 765 million from EUR 764 million while the goods shortfall widened to EUR 1,588 million from EUR 1,335 million.
2020-06-15
Romania Current Account Gap Widens in March
Romania’s current account deficit rose to EUR 1,155 million in March of 2020 from EUR 944 million in the same month of the previous year. The goods shortfall widened to EUR 1,823 million from EUR 1,331 million a year earlier and the services surplus decreased slightly to EUR 496 million from EUR 514 million. On the other hand, the primary income gap fell to EUR 33 million from EUR 167 million while the secondary income surplus rose to EUR 205 million from EUR 40 million. Considering the January to March period of 2020, the country's current account gap widened to EUR 1,365 million from EUR 1,120 million in the same period a year ago.
2020-05-14

Romania Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).