Markets Actual Q2 Q3 Q4 Q1 2020
Currency 4.21 4.28 4.3 4.33 4.35 4.4
Stock Market (points) 8262.90 7907 7771 7637 7506 7250
Government Bond 10Y (%) 5.03 4.92 4.99 5.07 5.15 5.31
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.90 0.6 1.3 0.7 0.7 0.5
GDP Annual Growth Rate (%) 4.10 3 3.1 3 2.9 2.8
Unemployment Rate (%) 3.80 3.5 3.5 3.3 3.5 3.2
Inflation Rate (%) 4.00 3.6 2.9 3 3.2 3.1
Interest Rate (%) 2.50 2.75 3 3 3 3
Balance of Trade (EUR Million) -1152.00 -1330 -1000 -1790 -990 -1700
Current Account (EUR Million) -638.00 -1160 -820 -680 -620 -480
Current Account to GDP (%) -4.50 -4.6 -4.6 -4.6 -4.4 -4.4
Government Debt to GDP (%) 35.00 37.3 37.3 37.3 39.5 39.5
Government Budget (% of GDP) -2.90 -3.9 -3.9 -3.9 -4 -4
Retail Sales MoM (%) -0.20 0.3 0.2 0.5 0.3 0.4
Corporate Tax Rate (%) 16.00 16 16 16 16 16
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.90 0.6 1.3 0.7 0.7 0.5
GDP Annual Growth Rate (%) 4.10 3 3.1 3 2.9 2.8
GDP (USD Billion) 211.80 245 245 245 265 265
GDP Constant Prices (RON Million) 41779.40 41207 41869 43325 43242 44712
Gross Fixed Capital Formation (RON Million) 10271.40 10234 10368 10660 10639 11001
GDP per capita (USD) 10932.33 12000 12000 12000 13000 13000
GDP per capita PPP (USD) 23313.20 23361 25063 25063 25840 25840
GDP From Agriculture (RON Million) 2929.20 3081 3207 3038 3032 3135
GDP From Construction (RON Million) 2112.50 2164 2134 2191 2186 2261
GDP From Manufacturing (RON Million) 10305.30 10162 10335 10687 10666 11029
GDP From Public Administration (RON Million) 1704.60 1712 1721 1768 1764 1824
GDP From Services (RON Million) 12559.00 12346 12512 13024 12999 13440
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 3.80 3.5 3.5 3.3 3.5 3.2
Wages (RON/Month) 4819.00 4465 4465 4400 4400 4800
Wages in Manufacturing (RON/Month) 4070.00 4259 4367 3550 3550 3650
Minimum Wages (EUR/Month) 446.02 446 446 446 500 500
Population (Million) 19.52 19.39 19.45 19.4 19.28 19.28
Retirement Age Women 60.92 60.92 60.92 61.17 61.42 61.42
Retirement Age Men 65.00 65 65 65 65 65
Wages High Skilled (RON/Month) 2880.00 2507 2578 2850 2850 2900
Wages Low Skilled (RON/Month) 1430.00 1305 1328 1400 1400 1480
Living Wage Family (RON/Month) 2160.00 2163 2156 2300 2300 2400
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 4.00 3.6 2.9 3 3.2 3.1
Consumer Price Index CPI (Index Points) 100.49 103 103 103 104 106
Core Consumer Prices (Index Points) 103.88 105 106 107 108 112
Producer Prices (Index Points) 109.70 111 112 112 112 116
Producer Prices Change (%) 4.80 4.2 4 3.6 3.4 3.5
CPI Transportation (Index Points) 100.06 104 104 103 103 106
Food Inflation (%) 4.45 5 3.8 4.2 4.4 4.5
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 2.50 2.75 3 3 3 3
Interbank Rate (%) 3.21 3.31 3.31 3.31 3.31 3.31
Lending Rate (%) 3.50 3.75 3.75 3.75 3.75 3.75
Deposit Interest Rate (%) 1.50 1.75 1.75 1.75 1.75 1.75
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Million) -1152.00 -1330 -1000 -1790 -990 -1700
Current Account (EUR Million) -638.00 -1160 -820 -680 -620 -480
Current Account to GDP (%) -4.50 -4.6 -4.6 -4.6 -4.4 -4.4
Imports (EUR Million) 7043.80 7220 6940 6540 7240 6780
Exports (EUR Million) 5891.80 5890 5940 4750 6250 5080
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 35.00 37.3 37.3 37.3 39.5 39.5
Government Budget (% of GDP) -2.90 -3.9 -3.9 -3.9 -4 -4
Government Spending (RON Million) 2367.80 1614 1884 1803 1799 1860
Government Spending to GDP (%) 33.40 33.4 33.4 33.4 33.4 33.4
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 16.00 16 16 16 16 16
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 37.25 37.25 37.25 37.25 37.25 37.25
Social Security Rate For Companies (%) 2.25 2.25 2.25 2.25 2.25 2.25
Social Security Rate For Employees (%) 35.00 35 35 35 35 35
Business Actual Q2 Q3 Q4 Q1 2020
Industrial Production (%) 1.80 3.2 2.6 3 3 2.8
Industrial Production Mom (%) 0.80 1.5 0.6 1 0.5 0.6
Manufacturing Production (%) 3.70 2.5 2.8 3 3.3 3.6
Business Confidence (Index Points) 1.10 0.5 0.3 0.4 0.5 1
Consumer Actual Q2 Q3 Q4 Q1 2020
Retail Sales MoM (%) -0.20 0.3 0.2 0.5 0.3 0.4
Retail Sales YoY (%) 9.50 8.1 10 9.2 5.5 3.5
Consumer Spending (RON Million) 40597.00 39499 40378 42099 42018 43446
Consumer Confidence (Index Points) -13.70 -16 -15.6 -15.4 -14 -18
Gasoline Prices (USD/Liter) 1.31 1.27 1.24 1.21 1.18 1.18


This page has 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.