Markets Actual Q4 Q1 Q2 Q3 2022
Currency 4.26 4.29 4.31 4.34 4.36 4.4
Stock Market (points) 12711.06 12575 12338 12105 11875 11431
Government Bond 10Y (%) 5.02 4.72 4.81 4.91 5.01 5.22

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.90 0.5 1.3 1.6 1.7 1.9
GDP Annual Growth Rate (%) 13.90 3.2 4 4.5 5 6.5
Unemployment Rate (%) 5.20 5.1 4.9 4.9 4.9 4.9
Inflation Rate (%) 6.29 6 4.8 3.6 2.7 3
Interest Rate (%) 1.50 1.75 2.25 2.5 2.5 2.5
Balance of Trade (EUR Million) -1729.00 -1620 -2450 -1950 -2450 -2300
Current Account (EUR Million) -1194.00 -1590 -1600 -1650 -1600 -1650
Current Account to GDP (% of GDP) -5.10 -4.8 -4.4 -4.4 -4.4 -4.4
Government Debt to GDP (% of GDP) 47.30 50.3 52.9 52.9 52.9 52.9
Government Budget (% of GDP) -9.20 -7.5 -6.2 -6.2 -6.2 -6.2
Retail Sales MoM (%) 0.90 0.7 0.5 0.6 0.2 0.5
Corporate Tax Rate (%) 16.00 16 16 16 16 16
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.90 0.5 1.3 1.6 1.7 1.9
GDP Annual Growth Rate (%) 13.90 3.2 4 4.5 5 6.5
GDP (USD Billion) 248.72 288 315 315 315 315
GDP Constant Prices (RON Million) 44037.40 46142 43792 45391 46019 46639
Gross Fixed Capital Formation (RON Million) 13490.50 11353 13207 13599 14098 14065
GDP per capita (USD) 11664.85 11900 12200 12200 12200 12200
GDP per capita PPP (USD) 28832.62 29300 29800 29800 29800 29800
GDP From Agriculture (RON Million) 2473.60 3235 2969 2886 2585 3162
GDP From Construction (RON Million) 2192.00 2333 2258 2319 2291 2405
GDP From Manufacturing (RON Million) 9389.20 11381 9811 9885 9812 10449
GDP From Public Administration (RON Million) 1797.60 1883 1810 1835 1878 1928
GDP From Services (RON Million) 13898.90 13871 13705 14096 14524 14596

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 5.20 5.1 4.9 4.9 4.9 4.9
Youth Unemployment Rate (%) 19.50 15.4 19.5 19.3 19.3 19.3
Wages (RON/Month) 5688.00 6154 6068 6062 5967 6554
Wages in Manufacturing (RON/Month) 4926.00 5427 5212 5340 5167 5779
Minimum Wages (EUR/Month) 466.72 460 500 500 500 500
Population (Million) 19.33 19.16 19.04 19.04 19.04 19.04
Retirement Age Women 61.67 61.67 61.92 61.92 61.92 61.92
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 7.60 4.2 4.9 4.9 4.9 6.5
Employment Rate (%) 60.80 67.2 67.8 67.8 67.8 68.4

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 6.29 6 4.8 3.6 2.7 3
Consumer Price Index CPI (points) 100.84 106 105 104 104 110
Core Consumer Prices (points) 111.01 112 112 113 113 114
Core Inflation Rate (%) 2.20 2.6 2 2 2 2.3
Producer Prices (points) 127.70 130 132 134 137 138
Producer Prices Change (%) 15.88 15.3 12.9 8.8 7.2 6.5
CPI Transportation (points) 100.03 100 101 101 101 101
Food Inflation (%) 4.27 4 4.5 3.7 3.5 3.4
Harmonised Consumer Prices (points) 115.35 114 118 119 119 122

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 1.50 1.75 2.25 2.5 2.5 2.5
Interbank Rate (%) 2.00 2.25 2.75 3 3 3
Lending Rate (%) 1.75 2 2.5 2.75 2.75 2.75
Cash Reserve Ratio (%) 5.00 5 5 5 5 5
Deposit Interest Rate (%) 0.75 1 1.5 1.75 1.75 1.75

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (EUR Million) -1729.00 -1620 -2450 -1950 -2450 -2300
Current Account (EUR Million) -1194.00 -1590 -1600 -1650 -1600 -1650
Current Account to GDP (% of GDP) -5.10 -4.8 -4.4 -4.4 -4.4 -4.4
Imports (EUR Million) 7401.30 8400 9350 8800 9450 9200
Exports (EUR Million) 5672.00 6400 6900 6850 7000 6900
Tourist Arrivals (Persons) 70331.00 98000 170000 170000 170000 150000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 47.30 50.3 52.9 52.9 52.9 52.9
Government Budget (% of GDP) -9.20 -7.5 -6.2 -6.2 -6.2 -6.2
Government Spending (RON Million) 2482.10 1920 2710 2560 2594 2886
Government Spending to GDP (% of GDP) 42.40 43.5 44 44 44 44

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 16.00 16 16 16 16 16
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 19.00 19 19 19 19 19
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 Q4 Q1 Q2 Q3 2022
Industrial Production (%) 0.50 5.5 6.3 6.5 6.5 4.6
Industrial Production Mom (%) 0.00 0.3 1.3 0.1 0.1 0.4
Manufacturing Production (%) 13.60 5 3.5 4.2 4.2 4.8
Mining Production (%) -8.20 -0.3 0.8 1.5 1.5 0.5
Business Confidence (points) -1.80 1.7 2 1.5 1.5 0.8

Consumer Actual Q4 Q1 Q2 Q3 2022
Retail Sales MoM (%) 0.90 0.7 0.5 0.6 0.2 0.5
Retail Sales YoY (%) 11.70 2.8 4.5 5.3 5.3 6.5
Consumer Spending (RON Million) 40337.30 44837 42406 43896 42152 45163
Consumer Credit (RON Million) 52944.94 50126 50689 51547 53770 53984
Gasoline Prices (USD/Liter) 1.41 1.34 1.27 1.21 1.15 1.09

Housing Actual Q4 Q1 Q2 Q3 2022
Construction Output (%) -1.20 5.8 6.5 3.2 3.2 8.2


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.