Markets Actual Q3 Q4 Q1 Q2 2022
Currency 4.15 4.16 4.18 4.2 4.22 4.26
Stock Market (points) 11763.47 11614 11384 11159 10937 10509
Government Bond 10Y (%) 3.71 3.85 3.95 4.04 4.14 4.35

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.90 1.3 0.5 1.3 1.1 1.9
GDP Annual Growth Rate (%) -0.20 8 3.2 4 4.5 6.5
Unemployment Rate (%) 5.20 5.2 5.2 5.1 5 4.9
Inflation Rate (%) 3.94 3.8 4.1 2.4 2.5 3
Interest Rate (%) 1.25 1.25 1.25 1.25 1.5 2
Balance of Trade (EUR Million) -1772.80 -1750 -1620 -2700 -2550 -2950
Current Account (EUR Million) -1613.00 -1300 -1390 -1400 -1350 -1450
Current Account to GDP (% of GDP) -4.60 -4.8 -4.8 -4.4 -4.4 -4.4
Government Debt to GDP (% of GDP) 47.30 50.3 50.3 52.9 52.9 52.9
Government Budget (% of GDP) -9.20 -7.5 -7.5 -6.2 -6.2 -6.2
Retail Sales MoM (%) -0.10 0.1 0.7 0.5 0.6 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 2022
GDP Growth Rate (%) 2.90 1.3 0.5 1.3 1.1 1.9
GDP Annual Growth Rate (%) -0.20 8 3.2 4 4.5 6.5
GDP (USD Billion) 248.72 288 288 315 315 315
GDP Constant Prices (RON Million) 43635.00 42988 46142 43898 45380 46752
Gross Fixed Capital Formation (RON Million) 12941.80 14089 11353 13106 13459 13957
GDP per capita (USD) 11664.85 11900 11900 12200 12200 12200
GDP per capita PPP (USD) 28832.62 29300 29300 29800 29800 29800
GDP From Agriculture (RON Million) 2773.80 3096 3235 3083 2885 3284
GDP From Construction (RON Million) 2228.60 2935 2333 2243 2318 2389
GDP From Manufacturing (RON Million) 9522.30 9010 11381 9725 9903 10357
GDP From Public Administration (RON Million) 1763.40 2019 1883 1808 1834 1926
GDP From Services (RON Million) 13572.90 12749 13871 13602 14116 14486

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 5.20 5.2 5.2 5.1 5 4.9
Youth Unemployment Rate (%) 21.30 15.8 15.4 15.5 15.4 15.3
Wages (RON/Month) 5695.00 5668 6154 6068 5974 6554
Wages in Manufacturing (RON/Month) 4911.00 4856 5427 5212 5152 5779
Minimum Wages (EUR/Month) 466.72 460 460 500 500 500
Population (Million) 19.33 19.25 19.16 19.04 19.04 19.04
Retirement Age Women 61.67 61.67 61.67 61.92 61.92 61.92
Retirement Age Men 65.00 65 65 65 65 65
Wage Growth (%) 4.80 4.7 4.2 4.9 4.9 6.5
Employment Rate (%) 60.80 67 67.2 67.8 67.8 68.4

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 3.94 3.8 4.1 2.4 2.5 3
Consumer Price Index CPI (points) 100.30 104 104 103 103 108
Core Consumer Prices (points) 110.26 109 118 118 112 114
Core Inflation Rate (%) 2.40 2.5 2.6 2 2 2.3
Producer Prices (points) 123.00 117 119 120 123 122
Producer Prices Change (%) 11.78 5.9 5.5 2.5 2.3 2.7
CPI Transportation (points) 100.40 104 105 102 103 108
Food Inflation (%) 2.17 0.5 2.2 2.2 2.5 2.7
Harmonised Consumer Prices (points) 114.62 115 116 116 117 119

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 1.25 1.25 1.25 1.25 1.5 2
Interbank Rate (%) 1.37 1.37 1.37 1.37 1.62 1.87
Lending Rate (%) 1.75 1.75 1.75 1.75 2 2.25
Cash Reserve Ratio (%) 5.00 5 5 5 5 5
Deposit Interest Rate (%) 0.75 0.75 0.75 0.75 1 1.25

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (EUR Million) -1772.80 -1750 -1620 -2700 -2550 -2950
Current Account (EUR Million) -1613.00 -1300 -1390 -1400 -1350 -1450
Current Account to GDP (% of GDP) -4.60 -4.8 -4.8 -4.4 -4.4 -4.4
Imports (EUR Million) 7731.80 8200 7800 8900 8500 8650
Exports (EUR Million) 5959.00 6450 5400 6200 5950 5700
Tourist Arrivals (Persons) 20424.00 182000 98000 170000 170000 150000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 47.30 50.3 50.3 52.9 52.9 52.9
Government Budget (% of GDP) -9.20 -7.5 -7.5 -6.2 -6.2 -6.2
Government Spending (RON Million) 2537.80 2677 1920 2638 2639 2809
Government Spending to GDP (% of GDP) 42.40 43.5 43.5 44 44 44

Taxes Actual Q3 Q4 Q1 Q2 2022
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 2022
Industrial Production (%) 30.30 8 5.5 6.3 6.5 4.6
Industrial Production Mom (%) -8.50 0.4 0.3 1.3 0.1 0.4
Manufacturing Production (%) 13.60 7 5 3.5 4.2 4.8
Mining Production (%) -8.20 -0.5 -0.3 0.8 1.5 0.5
Business Confidence (points) -0.10 2.9 1.7 2 1.5 0.8

Consumer Actual Q3 Q4 Q1 Q2 2022
Retail Sales MoM (%) -0.10 0.1 0.7 0.5 0.6 0.5
Retail Sales YoY (%) 13.60 2.5 2.8 4.5 5.3 6.5
Consumer Spending (RON Million) 42176.00 40860 44837 42238 43863 44983
Consumer Credit (RON Million) 51454.59 53445 50689 51547 53770 53984
Gasoline Prices (USD/Liter) 1.43 1.36 1.29 1.23 1.16 1.11

Housing Actual Q3 Q4 Q1 Q2 2022
Construction Output (%) 6.00 5.3 5.8 6.5 3.2 8.2


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.