Markets Actual Q1 Q2 Q3 Q4 2023
Currency 4.36 4.35 4.37 4.39 4.41 4.45
Stock Market (points) 13117.76 13425 13173 12925 12682 12210
Government Bond 10Y (%) 5.52 5.6 5.71 5.83 5.96 6.21

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 0.40 2.1 1.6 0.7 2.3 2.4
GDP Annual Growth Rate (%) 7.40 4.6 4.6 4.3 6.5 5
Unemployment Rate (%) 5.20 4.9 4.9 4.9 4.9 4.9
Inflation Rate (%) 8.19 8.3 8 7.7 6.9 6
Interest Rate (%) 2.00 2.25 2.5 2.5 3 3
Balance of Trade (EUR Million) -2159.00 -2450 -1950 -2450 -2300 -2500
Current Account (EUR Million) -1509.00 -1600 -1650 -1600 -1650 -1600
Current Account to GDP (% of GDP) -5.10 -4.4 -4.4 -4.4 -4.4 -4.1
Government Debt to GDP (% of GDP) 47.30 52.9 52.9 52.9 52.9 55.2
Government Budget (% of GDP) -9.20 -6.2 -6.2 -6.2 -6.2 -5.9
Retail Sales MoM (%) 0.40 0.5 0.6 0.2 0.5 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 Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 0.40 2.1 1.6 0.7 2.3 2.4
GDP Annual Growth Rate (%) 7.40 4.6 4.6 4.3 6.5 5
GDP (USD Billion) 248.72 315 315 315 315 339
GDP Constant Prices (RON Million) 44081.90 45653 46063 45977 46947 49295
Gross Fixed Capital Formation (RON Million) 13295.70 13677 14111 13867 14160 14868
GDP per capita (USD) 10830.14 12200 12200 12200 12200 12200
GDP per capita PPP (USD) 28832.62 29800 29800 29800 29800 29800
GDP From Agriculture (RON Million) 2989.90 2902 2587 3118 3184 3343
GDP From Construction (RON Million) 2150.40 2332 2293 2243 2290 2405
GDP From Manufacturing (RON Million) 9223.10 9942 9821 9620 9823 10314
GDP From Public Administration (RON Million) 1792.60 1846 1880 1870 1909 2005
GDP From Services (RON Million) 14257.20 14178 14538 14870 15184 15943

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 5.20 4.9 4.9 4.9 4.9 4.9
Youth Unemployment Rate (%) 20.30 20 20 20 20 20
Wages (RON/Month) 5944.00 6068 6062 6013 6330 6754
Wages in Manufacturing (RON/Month) 5318.00 5212 5340 5187 5664 6043
Minimum Wages (EUR/Month) 466.72 500 500 500 500 540
Population (Million) 19.33 19.04 19.04 19.04 19.04 19.04
Retirement Age Women 61.67 61.92 61.92 61.92 61.92 62.08
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 6.60 4.9 4.9 4.9 6.5 6.7
Employment Rate (%) 62.30 67.8 67.8 67.8 68.4 68.4

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 8.19 8.3 8 7.7 6.9 6
Consumer Price Index CPI (points) 100.71 109 108 109 108 114
Core Consumer Prices (points) 112.43 112 113 114 115 118
Core Inflation Rate (%) 3.50 2 2 2 2.3 2.3
Producer Prices (points) 146.90 143 146 141 156 163
Producer Prices Change (%) 32.21 22.9 18.8 7.2 6.5 4
Harmonised Consumer Prices (points) 118.15 123 124 125 126 134
Food Inflation (%) 6.69 4.5 3.7 3.5 3.4 2.9
CPI Transportation (points) 100.13 100 101 101 101 102

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 2.00 2.25 2.5 2.5 3 3
Interbank Rate (%) 2.90 3.15 3.4 3.4 3.9 3.9
Lending Rate (%) 3.00 3.25 3.5 3.5 4 4
Cash Reserve Ratio (%) 5.00 5 5 5 5 5
Deposit Interest Rate (%) 1.00 1.25 1.5 1.5 2 2

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (EUR Million) -2159.00 -2450 -1950 -2450 -2300 -2500
Current Account (EUR Million) -1509.00 -1600 -1650 -1600 -1650 -1600
Current Account to GDP (% of GDP) -5.10 -4.4 -4.4 -4.4 -4.4 -4.1
Imports (EUR Million) 9246.70 9350 8800 9450 9200 9600
Exports (EUR Million) 7087.70 6900 6850 7000 6900 7100
Tourist Arrivals (Persons) 70331.00 170000 170000 170000 150000 162500

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 47.30 52.9 52.9 52.9 52.9 55.2
Government Budget (% of GDP) -9.20 -6.2 -6.2 -6.2 -6.2 -5.9
Government Spending (RON Million) 2588.90 2575 2596 2700 2757 2895
Government Spending to GDP (% of GDP) 42.40 44 44 44 44 44

Taxes Actual Q1 Q2 Q3 Q4 2023
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 Q1 Q2 Q3 Q4 2023
Industrial Production (%) -1.90 -6.3 6.5 6.5 4.6 4.3
Industrial Production Mom (%) 2.50 1.3 0.1 0.1 0.4 0.3
Manufacturing Production (%) 13.60 3.5 4.2 4.2 4.8 5.5
Mining Production (%) -8.20 0.8 1.5 1.5 0.5 0.5
Business Confidence (points) -0.30 2 1.5 1.5 0.8 0.8

Consumer Actual Q1 Q2 Q3 Q4 2023
Retail Sales MoM (%) 0.40 0.5 0.6 0.2 0.5 0.5
Retail Sales YoY (%) 5.50 4.5 5.3 5.3 6.5 6.5
Consumer Spending (RON Million) 43037.20 44149 42193 44888 45835 48126
Consumer Credit (RON Million) 53568.10 51845 53821 55713 57050 59903
Gasoline Prices (USD/Liter) 1.39 1.32 1.25 1.19 1.13 1.08

Housing Actual Q1 Q2 Q3 Q4 2023
Construction Output (%) -15.70 6.5 3.2 3.2 8.2 9


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Romania Forecast - was last updated on Thursday, January 20, 2022.