Markets Actual Q3 Q4 Q1 Q2 2020
Currency 4.27 4.29 4.31 4.34 4.36 4.41
Stock Market (points) 9075.24 8961 8808 8658 8509 8221
Government Bond 10Y (%) 4.00 4.46 4.53 4.61 4.69 4.85
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.00 0.7 0.7 0.7 0.9 0.9
GDP Annual Growth Rate (%) 4.40 3 2.5 2.8 3 3.3
Unemployment Rate (%) 4.00 3.5 3.6 3.7 3.8 4
Inflation Rate (%) 4.10 3.8 3.8 3.6 3.5 3.6
Interest Rate (%) 2.50 2.5 2.5 2.5 2.75 3
Balance of Trade (EUR Million) -1130.90 -1000 -1790 -990 -1350 -1700
Current Account (EUR Million) -1110.00 -820 -680 -620 -980 -480
Current Account to GDP (%) -4.50 -4.6 -4.6 -4.7 -4.7 -4.7
Government Debt to GDP (%) 35.10 37.3 37.3 39.5 39.5 39.5
Government Budget (% of GDP) -3.00 -3.9 -3.9 -4 -4 -4
Retail Sales MoM (%) 1.30 0.2 0.5 0.3 0.5 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 1.00 0.7 0.7 0.7 0.9 0.9
GDP Annual Growth Rate (%) 4.40 3 2.5 2.8 3 3.3
GDP (USD Billion) 239.55 250 250 275 275 275
GDP Constant Prices (RON Million) 42385.00 41869 43325 43242 42949 44712
Gross Fixed Capital Formation (RON Million) 10574.30 10368 10660 10639 10559 11001
GDP per capita (USD) 11534.90 12000 12000 13000 13000 13000
GDP per capita PPP (USD) 24543.99 25000 25000 25300 25300 25300
GDP From Agriculture (RON Million) 3065.90 3207 3038 3032 3011 3135
GDP From Construction (RON Million) 2244.90 2134 2191 2186 2172 2261
GDP From Manufacturing (RON Million) 10096.80 10335 10687 10666 10594 11029
GDP From Public Administration (RON Million) 1733.10 1721 1768 1764 1752 1824
GDP From Services (RON Million) 12819.10 12512 13024 12999 12911 13440
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 4.00 3.5 3.6 3.7 3.8 4
Wages (RON/Month) 5127.00 4465 4400 4400 4400 4800
Wages in Manufacturing (RON/Month) 4415.00 4259 3550 3550 3550 3650
Minimum Wages (EUR/Month) 446.02 446 446 500 500 500
Population (Million) 19.52 19.5 19.5 19.46 19.46 19.46
Retirement Age Women 60.92 60.92 61.17 61.42 61.42 61.42
Retirement Age Men 65.00 65 65 65 65 65
Wages High Skilled (RON/Month) 2880.00 2507 2850 2850 2850 2900
Wages Low Skilled (RON/Month) 1430.00 1305 1400 1400 1400 1480
Living Wage Family (RON/Month) 2160.00 2163 2300 2300 2300 2400
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 4.10 3.8 3.8 3.6 3.5 3.6
Consumer Price Index CPI (Index Points) 103.62 104 104 104 107 108
Core Consumer Prices (Index Points) 105.59 106 107 108 107 112
Producer Prices (Index Points) 110.50 112 112 112 114 116
Producer Prices Change (%) 3.30 5 4.6 3.4 3.3 3.5
CPI Transportation (Index Points) 100.04 105 104 104 104 108
Food Inflation (%) 5.15 4.9 4.6 4.5 4.4 4.5
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.50 2.5 2.5 2.5 2.75 3
Interbank Rate (%) 2.92 2.91 2.91 2.91 3.16 3.16
Lending Rate (%) 3.50 3.5 3.5 3.5 3.75 3.75
Deposit Interest Rate (%) 1.50 1.5 1.5 1.5 1.75 1.75
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (EUR Million) -1130.90 -1000 -1790 -990 -1350 -1700
Current Account (EUR Million) -1110.00 -820 -680 -620 -980 -480
Current Account to GDP (%) -4.50 -4.6 -4.6 -4.7 -4.7 -4.7
Imports (EUR Million) 6690.50 6940 6540 7240 7360 6780
Exports (EUR Million) 5559.60 5940 4750 6250 6010 5080
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 35.10 37.3 37.3 39.5 39.5 39.5
Government Budget (% of GDP) -3.00 -3.9 -3.9 -4 -4 -4
Government Spending (RON Million) 2252.60 1884 1803 1799 2434 1860
Government Spending to GDP (%) 35.00 36 36 38 38 38
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Industrial Production (%) -4.10 2.6 3 3.1 3.4 3.2
Industrial Production Mom (%) -1.00 0.6 1 0.5 0.4 0.6
Manufacturing Production (%) -5.30 2.8 3 3.3 3.5 3.6
Business Confidence (Index Points) -0.50 0.3 0.4 0.5 0.8 1
Consumer Actual Q3 Q4 Q1 Q2 2020
Retail Sales MoM (%) 1.30 0.2 0.5 0.3 0.5 0.4
Retail Sales YoY (%) 5.70 10 9.2 5.5 3.8 3.5
Consumer Spending (RON Million) 41224.70 40378 42099 42018 41734 43446
Consumer Confidence (Index Points) -6.10 -13.8 -15.4 -14 -17 -18
Gasoline Prices (USD/Liter) 1.33 1.3 1.26 1.23 1.2 1.2


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.