Romania recorded a Current Account deficit of 4.60 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Romania averaged -3.42 percent from 1980 until 2019, reaching an all time high of 6.60 percent in 1988 and a record low of -13.60 percent in 2007. This page provides - Romania Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Romania is expected to reach -3.10 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Current Account to GDP is projected to trend around -3.50 percent in 2021 and -3.40 percent in 2022, according to our econometric models.

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Romania Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.60 -4.50 6.60 -13.60 1980 - 2019 percent Yearly

Romania Trade Last Previous Highest Lowest Unit
Balance of Trade -1513.90 -1323.80 137.60 -2542.10 EUR Million [+]
Current Account -1002.00 -987.00 901.00 -2344.00 EUR Million [+]
Current Account to GDP -4.60 -4.50 6.60 -13.60 percent [+]
Exports 4598.20 5552.10 6336.90 143.20 EUR Million [+]
Imports 6112.10 6875.10 8298.30 219.70 EUR Million [+]
External Debt 116122.00 115489.10 116122.00 13078.60 EUR Million [+]
Remittances 815.00 811.00 1724.00 595.00 EUR Million [+]
Gold Reserves 103.60 103.60 105.32 103.60 Tonnes [+]
Terrorism Index 0.00 0.00 0.23 0.00 [+]
Tourist Arrivals 12986.00 1307.00 337836.00 1307.00 Persons [+]
Crude Oil Production 70.00 70.00 146.00 70.00 BBL/D/1K [+]
Foreign Direct Investment 202.00 67.00 2813.00 -1617.00 EUR Million [+]


Romania Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.