Markets Actual Q3 Q4 Q1 Q2 2021
Currency 4.10 4.1 4.12 4.13 4.15 4.18
Stock Market (points) 8572.86 8425 8267 8112 7959 7653
Government Bond 10Y (%) 3.75 3.91 3.98 4.04 4.1 4.23

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) 0.30 1.5 1.9 2 2.1 1.7
GDP Annual Growth Rate (%) 2.40 -9.3 -8.5 -7 12 8.8
Unemployment Rate (%) 5.20 7.7 8.3 8 7.5 6.9
Inflation Rate (%) 2.60 2.1 2.5 2.4 2.9 3.1
Interest Rate (%) 1.50 1.5 1.5 1.5 1.75 2.25
Balance of Trade (EUR Million) -1250.90 -1000 -1700 -1850 -1650 -1620
Current Account (EUR Million) -775.00 -780 -720 -600 -990 -920
Current Account to GDP (%) -4.60 -3.1 -3.1 -3.5 -3.5 -3.5
Government Debt to GDP (%) 35.20 49.5 49.5 55 55 55
Government Budget (% of GDP) -4.30 -8.9 -8.9 -10 -10 -10
Retail Sales MoM (%) 6.30 0.5 0.4 0.6 1 0.9
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 2021
GDP Growth Rate (%) 0.30 1.5 1.9 2 2.1 1.7
GDP Annual Growth Rate (%) 2.40 -9.3 -8.5 -7 12 8.8
GDP (USD Billion) 250.08 228 228 255 255 255
GDP Constant Prices (RON Million) 43716.90 41493 40026 40657 48963 43548
Gross Fixed Capital Formation (RON Million) 11962.50 12148 11358 11125 13398 12357
GDP per capita (USD) 12131.40 10000 10000 11900 11900 11900
GDP per capita PPP (USD) 29909.00 28500 28500 29300 29300 29300
GDP From Agriculture (RON Million) 3024.40 2879 2776 2813 3387 3020
GDP From Construction (RON Million) 2719.60 2453 2274 2529 3046 2474
GDP From Manufacturing (RON Million) 9567.60 9671 9184 8898 10716 9992
GDP From Public Administration (RON Million) 1791.90 1689 1614 1666 2007 1756
GDP From Services (RON Million) 13425.70 12418 12025 12486 15037 13083

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 5.20 7.7 8.3 8 7.5 6.9
Youth Unemployment Rate (%) 17.40 17.7 17.7 17.4 16.9 16.9
Wages (RON/Month) 5188.00 5394 5820 5601 5435 6111
Wages in Manufacturing (RON/Month) 4205.00 4619 5082 4757 4363 5336
Minimum Wages (EUR/Month) 446.02 535 542 550 550 550
Population (Million) 19.41 19.33 19.28 19.25 19.25 19.16
Retirement Age Women 60.92 61.42 61.42 61.42 61.42 61.42
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 2.20 7 6.5 4 4.5 5
Employment Rate (%) 65.40 69 68.3 68.3 68.3 69.5

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 2.60 2.1 2.5 2.4 2.9 3.1
Consumer Price Index CPI (points) 100.58 102 103 103 104 106
Core Consumer Prices (points) 107.82 110 110 111 111 113
Core Inflation Rate (%) 2.30 3.6 3.5 3.5 3.5 2.6
Producer Prices (points) 110.00 110 111 112 112 116
Producer Prices Change (%) -0.46 -1 -0.8 1 2.5 3.8
CPI Transportation (points) 100.00 102 102 102 103 106
Food Inflation (%) 5.35 4.4 4.5 4.5 4.5 3.5
Harmonised Consumer Prices (points) 110.78 111 112 113 114 116

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 1.50 1.5 1.5 1.5 1.75 2.25
Interbank Rate (%) 1.90 1.8 1.8 1.8 2.05 2.05
Lending Rate (%) 2.25 2.25 2.25 2.25 2.5 2.5
Cash Reserve Ratio (%) 6.00 6 6 6 6 6
Deposit Interest Rate (%) 1.25 1.25 1.25 1.25 1.5 1.5

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (EUR Million) -1250.90 -1000 -1700 -1850 -1650 -1620
Current Account (EUR Million) -775.00 -780 -720 -600 -990 -920
Current Account to GDP (%) -4.60 -3.1 -3.1 -3.5 -3.5 -3.5
Exports (EUR Million) 3755.40 5800 4700 5500 5350 4800
Imports (EUR Million) 5006.30 6800 6400 7350 7000 6500
Tourist Arrivals (persons) 1307.00 297000 192500 192500 192500 194600

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 35.20 49.5 49.5 55 55 55
Government Budget (% of GDP) -4.30 -8.9 -8.9 -10 -10 -10
Government Budget Value (RON Million) -43645.20 -15126 -15032 -15032 -15032 -14988
Government Spending (RON Million) 2304.10 2476 2940 2143 2581 3198
Government Spending to GDP (%) 36.00 41.3 41.3 43.5 43.5 43.5

Taxes Actual Q3 Q4 Q1 Q2 2021
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 2021
Industrial Production (%) -28.00 -10 -7 -7 3.5 5.5
Industrial Production Mom (%) 15.10 0.5 0.6 0.6 0.6 0.4
Manufacturing Production (%) -31.10 -7 -5 5 6 8
Mining Production (%) -17.40 -10 -8 4 6 5
Business Confidence (points) -5.90 -7 -3 -2 -1.5 -0.5

Consumer Actual Q3 Q4 Q1 Q2 2021
Retail Sales MoM (%) 6.30 0.5 0.4 0.6 1 0.9
Retail Sales YoY (%) 0.90 -12 -4.5 1.7 3.5 7
Consumer Spending (RON Million) 43518.90 40376 40556 40473 48741 44125
Consumer Credit (RON Million) 48521.86 47377 44905 46104 54025 48857
Consumer Confidence (points) -26.10 -32 -27 -23 -20 -18
Gasoline Prices (USD/Liter) 1.10 0.98 0.93 0.88 0.84 0.8

Housing Actual Q3 Q4 Q1 Q2 2021
Construction Output (%) 14.60 6 4 4 4 5


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.