Markets Actual Q3 Q4 Q1 Q2 2022
Currency 4.23 4.24 4.26 4.28 4.31 4.35
Stock Market (points) 12510.26 12205 11973 11746 11522 11088
Government Bond 10Y (%) 4.11 4.07 4.15 4.23 4.31 4.48

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.80 1.3 0.5 1.3 1.6 1.9
GDP Annual Growth Rate (%) 13.00 8 3.2 4 4.5 6.5
Unemployment Rate (%) 5.10 5.1 5.1 4.9 4.9 4.9
Inflation Rate (%) 5.25 5.6 6 4.8 3.6 3
Interest Rate (%) 1.25 1.25 1.25 1.25 1.5 2
Balance of Trade (EUR Million) -2185.60 -2150 -2000 -2450 -1950 -2300
Current Account (EUR Million) -1555.00 -1500 -1590 -1600 -1650 -1650
Current Account to GDP (% of GDP) -5.10 -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 (%) 1.80 1.3 0.5 1.3 1.6 1.9
GDP Annual Growth Rate (%) 13.00 8 3.2 4 4.5 6.5
GDP (USD Billion) 248.72 288 288 315 315 315
GDP Constant Prices (RON Million) 44037.40 43557 43792 45391 46019 46639
Gross Fixed Capital Formation (RON Million) 13490.50 14868 13207 13599 14098 14065
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) 2473.60 2360 2969 2886 2585 3162
GDP From Construction (RON Million) 2192.00 2567 2258 2319 2291 2405
GDP From Manufacturing (RON Million) 9389.20 9881 9811 9885 9812 10449
GDP From Public Administration (RON Million) 1797.60 1849 1810 1835 1878 1928
GDP From Services (RON Million) 13898.90 14126 13705 14096 14524 14596

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 5.10 5.1 5.1 4.9 4.9 4.9
Youth Unemployment Rate (%) 21.30 21.3 21.3 21.1 21.1 21.1
Wages (RON/Month) 5780.00 5668 6154 6068 6062 6554
Wages in Manufacturing (RON/Month) 5090.00 4856 5427 5212 5340 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 (%) 7.60 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 (%) 5.25 5.6 6 4.8 3.6 3
Consumer Price Index CPI (points) 100.24 105 106 105 104 110
Core Consumer Prices (points) 110.67 111 118 112 113 114
Core Inflation Rate (%) 2.20 2.5 2.6 2 2 2.3
Producer Prices (points) 125.90 117 119 120 126 122
Producer Prices Change (%) 13.96 5.9 5.5 2.5 2.3 2.7
CPI Transportation (points) 102.97 106 107 105 104 110
Food Inflation (%) 2.70 3.4 4 4.5 3.7 3.4
Harmonised Consumer Prices (points) 115.35 117 118 119 119 122

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 1.25 1.25 1.25 1.25 1.5 2
Interbank Rate (%) 1.50 1.5 1.5 1.5 1.75 2
Lending Rate (%) 1.75 1.75 3.75 1.75 2 2.25
Cash Reserve Ratio (%) 5.00 5 5 5 5 5
Deposit Interest Rate (%) 0.75 0.75 1.75 0.75 1 1.25

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (EUR Million) -2185.60 -2150 -2000 -2450 -1950 -2300
Current Account (EUR Million) -1555.00 -1500 -1590 -1600 -1650 -1650
Current Account to GDP (% of GDP) -5.10 -4.8 -4.8 -4.4 -4.4 -4.4
Imports (EUR Million) 8547.10 8800 8400 9350 8800 9200
Exports (EUR Million) 6361.50 6650 6400 6900 6850 6900
Tourist Arrivals (Persons) 70331.00 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) 2482.10 2524 2710 2560 2594 2886
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 (%) 5.90 8 5.5 6.3 6.5 4.6
Industrial Production Mom (%) -1.00 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) 0.00 -0.6 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 (%) 8.10 2.5 2.8 4.5 5.3 6.5
Consumer Spending (RON Million) 40337.30 44384 42406 43896 42152 45163
Consumer Credit (RON Million) 52944.94 53445 50689 51547 53770 53984
Gasoline Prices (USD/Liter) 1.40 1.33 1.26 1.2 1.14 1.08

Housing Actual Q3 Q4 Q1 Q2 2022
Construction Output (%) -1.20 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.