Markets Actual Q3 Q4 Q1 Q2 2023
Currency 4.76 4.82 4.88 4.95 5.01 5.15
Stock Market (points) 12631.92 12261 11901 11551 11211 10562
Government Bond 10Y (%) 7.75 7.91 8.08 8.25 8.42 8.78

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 5.10 -0.1 0.6 0.9 1.2 1.2
GDP Annual Growth Rate (%) 6.40 3 3.5 3.1 3.9 3.5
Unemployment Rate (%) 5.30 5.5 5.4 5.5 5.4 5.1
Inflation Rate (%) 14.96 14.2 12 9.6 6.5 3.2
Interest Rate (%) 5.50 5.5 6 6.5 6.75 6.75
Balance of Trade (EUR Million) -2689.30 -2450 -2300 -2300 -2300 -2500
Current Account (EUR Million) -2653.00 -1600 -1850 -1600 -1600 -1600
Current Account to GDP (% of GDP) -7.00 -4.4 -4.4 -4.4 -4.4 -4.1
Government Debt to GDP (% of GDP) 48.80 52.9 52.9 52.9 52.9 55.2
Government Budget (% of GDP) -7.10 -7.7 -7.7 -7.7 -6.2 -6.2
Retail Sales MoM (%) -2.10 0.2 0.5 0.5 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 Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 5.10 -0.1 0.6 0.9 1.2 1.2
GDP Annual Growth Rate (%) 6.40 3 3.5 3.1 3.9 3.5
GDP (USD Billion) 284.09 315 315 315 315 339
GDP Constant Prices (RON Million) 46111.80 45404 45590 47541 47910 47186
Gross Fixed Capital Formation (RON Million) 12752.50 13695 12921 13148 13250 13373
GDP per capita (USD) 11589.66 12200 12200 12200 12200 12200
GDP per capita PPP (USD) 30854.64 29800 29800 29800 29800 29800
Full Year GDP Growth (%) 5.90 1.7 1.7 4.7 4.7 4.7
GDP From Agriculture (RON Million) 2682.50 3080 2260 2766 2787 2339
GDP From Construction (RON Million) 2261.80 2215 2174 2332 2350 2250
GDP From Manufacturing (RON Million) 8808.20 9500 9149 9081 9152 9469
GDP From Public Administration (RON Million) 1816.80 1846 1859 1873 1888 1924
GDP From Services (RON Million) 15223.70 14685 14568 15696 15817 15077

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 5.30 5.5 5.4 5.5 5.4 5.1
Youth Unemployment Rate (%) 22.70 22.8 22.7 22.8 22.7 22.7
Wages (RON/Month) 6413.00 6013 6738 6817 6830 7190
Wages in Manufacturing (RON/Month) 5703.00 5187 5987 5990 6074 6389
Minimum Wages (EUR/Month) 515.53 500 500 500 500 540
Population (Million) 19.20 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 (%) 8.70 4.9 6.5 6.5 6.5 6.7
Employment Rate (%) 61.90 67.8 68.4 68.4 68.4 68.4

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 14.96 14.2 12 9.6 6.5 3.2
Consumer Price Index CPI (points) 100.89 115 113 112 107 116
Core Consumer Prices (points) 115.58 113 114 115 117 118
Core Inflation Rate (%) 5.80 2 2.3 2.3 2.3 2.3
Producer Prices (points) 186.41 151 165 191 195 175
Producer Prices Change (%) 48.06 15 10 8 8 6
Harmonised Consumer Prices (points) 129.55 133 133 136 138 137
Food Inflation (%) 16.05 3.5 3.4 3.4 3.4 2.9
CPI Transportation (points) 103.61 104 104 104 105 105

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 5.50 5.5 6 6.5 6.75 6.75
Interbank Rate (%) 7.84 7.84 8.34 8.84 9.09 9.09
Lending Rate (%) 5.75 5.75 6.25 6.75 7 7
Deposit Interest Rate (%) 3.75 3.75 4.25 4.75 5 5
Cash Reserve Ratio (%) 5.00 5 5 5 5 5

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (EUR Million) -2689.30 -2450 -2300 -2300 -2300 -2500
Current Account (EUR Million) -2653.00 -1600 -1850 -1600 -1600 -1600
Current Account to GDP (% of GDP) -7.00 -4.4 -4.4 -4.4 -4.4 -4.1
Imports (EUR Million) 10554.00 9450 9200 9200 9200 9600
Exports (EUR Million) 7864.70 7000 6900 6900 6900 7100
Tourist Arrivals 69494.00 170000 150000 150000 150000 162500

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 48.80 52.9 52.9 52.9 52.9 55.2
Government Budget (% of GDP) -7.10 -7.7 -7.7 -7.7 -6.2 -6.2
Government Spending (RON Million) 2803.90 2667 2682 2891 2913 2776
Government Spending to GDP (% of GDP) 39.90 44 44 44 44 44

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2023
Industrial Production (%) -3.70 6.5 4.6 4.6 4.6 4.3
Industrial Production Mom (%) -3.90 0.1 0.4 0.4 0.4 0.3
Manufacturing Production (%) -3.28 4.2 4.8 4.8 4.8 5.5
Mining Production (%) -5.02 1.5 0.5 0.5 0.5 0.5
Business Confidence (points) -0.90 1.5 0.8 0.8 0.8 0.8

Consumer Actual Q3 Q4 Q1 Q2 2023
Retail Sales MoM (%) -2.10 0.2 0.5 0.5 0.5 0.5
Retail Sales YoY (%) 4.20 5.3 6.5 6.5 6.5 6.5
Consumer Spending (RON Million) 44684.90 44328 45384 46070 46428 46973
Consumer Credit (RON Million) 55264.67 55019 55227 55570 57420 57160
Gasoline Prices (USD/Liter) 1.70 1.76 1.83 1.9 1.97 1.97

Housing Actual Q3 Q4 Q1 Q2 2023
Construction Output (%) 6.50 3.2 8.2 8.2 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 Tuesday, August 16, 2022.