Markets Actual Q1 Q2 Q3 Q4 2022
Currency 4.05 4.07 4.09 4.1 4.12 4.15
Stock Market (points) 10238.35 10038 9850 9665 9483 9118
Government Bond 10Y (%) 3.61 3.67 3.73 3.79 3.85 3.97

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 5.30 0.3 2 3.5 1.3 0.5
GDP Annual Growth Rate (%) -1.50 -1 8.8 8 5.8 3.8
Unemployment Rate (%) 4.90 6.4 7.5 7.2 6.9 4.2
Inflation Rate (%) 3.00 2.4 2.9 2.8 3.1 3.1
Interest Rate (%) 1.25 1.5 1.5 1.5 1.5 2.5
Balance of Trade (EUR Million) -1952.40 -1700 -1850 -1650 -1620 -1620
Current Account (EUR Million) -1320.00 -600 -990 -990 -920 -850
Current Account to GDP (%) -4.60 -3.5 -3.5 -3.5 -3.5 -3.4
Government Debt to GDP (%) 35.20 48 48 48 48 50
Government Budget (% of GDP) -4.30 -10 -10 -10 -10 -6.8
Retail Sales MoM (%) 0.20 0.6 1 1 0.9 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 Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 5.30 0.3 2 3.5 1.3 0.5
GDP Annual Growth Rate (%) -1.50 -1 8.8 8 5.8 3.8
GDP (USD Billion) 250.08 255 255 255 255 263
GDP Constant Prices (RON Million) 40330.20 43280 41723 43557 42669 44291
Gross Fixed Capital Formation (RON Million) 13766.50 11843 13674 14868 14565 15118
GDP per capita (USD) 12131.40 11900 11900 11900 11900 12200
GDP per capita PPP (USD) 29909.00 29300 29300 29300 29300 29800
GDP From Agriculture (RON Million) 2185.20 2994 3005 2360 2312 2400
GDP From Construction (RON Million) 2376.90 2692 2848 2567 2515 2610
GDP From Manufacturing (RON Million) 9148.80 9472 8745 9881 9679 10047
GDP From Public Administration (RON Million) 1712.40 1774 1959 1849 1812 1881
GDP From Services (RON Million) 13080.00 13291 12374 14126 13839 14365

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 4.90 6.4 7.5 7.2 6.9 4.2
Youth Unemployment Rate (%) 19.00 20.5 21.6 21.3 21 21
Wages (RON/Month) 5906.00 4800 5820 5601 5435 6111
Wages in Manufacturing (RON/Month) 5208.00 3650 5082 4757 4363 5336
Minimum Wages (EUR/Month) 458.07 460 460 460 460 500
Population (Million) 19.41 19.25 19.25 19.25 19.16 19.04
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 (%) 8.10 4 4.5 4.5 5 5
Employment Rate (%) 66.00 68.3 68.3 68.3 69.5 69.5

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 3.00 2.4 2.9 2.8 3.1 3.1
Consumer Price Index CPI (points) 103.42 103 104 104 101 105
Core Consumer Prices (points) 109.07 112 110 111 118 118
Core Inflation Rate (%) 1.80 3.5 3.5 3.5 2.6 2.6
Producer Prices (points) 113.90 112 113 113 117 121
Producer Prices Change (%) 0.12 1 2.5 2.5 3.8 3.5
CPI Transportation (points) 100.43 102 103 103 104 107
Food Inflation (%) 2.88 4.5 4.5 4.5 3.5 3.5
Harmonised Consumer Prices (points) 111.32 113 114 114 115 118

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 1.25 1.5 1.5 1.5 1.5 2.5
Interbank Rate (%) 1.46 1.89 1.89 1.89 3.31 1.89
Lending Rate (%) 1.75 2 2 2 2 2
Cash Reserve Ratio (%) 5.00 6 6 6 6 6
Deposit Interest Rate (%) 0.75 1 1 1 1 1

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (EUR Million) -1952.40 -1700 -1850 -1650 -1620 -1620
Current Account (EUR Million) -1320.00 -600 -990 -990 -920 -850
Current Account to GDP (%) -4.60 -3.5 -3.5 -3.5 -3.5 -3.4
Imports (EUR Million) 7023.80 7350 7000 7000 6500 6700
Exports (EUR Million) 5071.40 5500 5350 5350 4800 4900
Tourist Arrivals (Persons) 16430.00 151000 174200 182000 98000 125000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 35.20 48 48 48 48 50
Government Budget (% of GDP) -4.30 -10 -10 -10 -10 -6.8
Government Budget Value (RON Million) -105906.60 -15032 -15032 -15032 -14988 -14988
Government Spending (RON Million) 2336.80 2281 2598 2524 2472 2566
Government Spending to GDP (%) 36.00 43.5 43.5 43.5 43.5 44

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2022
Industrial Production (%) 1.60 6.2 15.8 8 5.5 5.5
Industrial Production Mom (%) 0.90 0.6 0.6 0.6 0.4 0.4
Manufacturing Production (%) -2.10 5 6 6 8 4.2
Mining Production (%) -9.30 4 6 6 5 5
Business Confidence (points) -3.10 -2 -1.5 -1 -0.5 0.5

Consumer Actual Q1 Q2 Q3 Q4 2022
Retail Sales MoM (%) 0.20 0.6 1 1 0.9 0.9
Retail Sales YoY (%) 4.20 1.7 3.5 3.5 7 5
Consumer Spending (RON Million) 41096.30 43084 39657 44384 43480 45132
Consumer Credit (RON Million) 48852.22 49079 52792 53445 51967 53941
Gasoline Prices (USD/Liter) 1.30 1.18 1.12 1.06 1.01 0.96

Housing Actual Q1 Q2 Q3 Q4 2022
Construction Output (%) 11.50 4 4 4 5 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.