Romania, which joined the EU on 1 January 2007, began the transition from communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country's needs. Romania's macroeconomic gains have only recently started to spur creation of a middle class and to address Romania's widespread poverty. Corruption and red tape continue to permeate the business environment. In the aftermath of the global financial crisis, Romania signed a $26 billion emergency assistance package from the IMF, the EU, and other international lenders, but GDP contracted until...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2020 Q2 | 161,286 | 162,178 | Mil. RON, NSA | Quarterly |
Real Government Consumption | 2020 Q2 | 1,399 | 1,069 | Mil. Ch. 2000 RON, NSA | Quarterly |
Real Gross Domestic Product | 2020 Q2 | 35,464 | 34,415 | Mil. Ch. 2000 RON, NSA | Quarterly |
Nominal Gross Domestic Product | 2020 Q2 | 224,253 | 215,965 | Mil. RON, NSA | Quarterly |
Investment | 2020 Q2 | 59,469 | 36,775 | Mil. RON, NSA | Quarterly |
Real Private Consumption | 2020 Q2 | 36,954 | 42,522 | Mil. Ch. 2000 RON, NSA | Quarterly |
Government Consumption | 2020 Q2 | 21,534 | 17,613 | Mil. RON, NSA | Quarterly |
Real Investment | 2020 Q2 | 10,799 | 8,378 | Mil. Ch. 2000 RON, NSA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2017 | 193,640,900,000 | 175,053,600,000 | NCU | Annual |
Price | Reference | Last | Previous | Units | Frequency |
Wholesale Price Index | Oct 2020 | 97.4 | 102.1 | Corresponding month of previous year = 100, NSA | Monthly |
Producer Price Index (PPI) | Aug 2020 | 124.53 | 124.87 | 2010=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Unemployment | Oct 2020 | 285.7 | 285.3 | Ths. #, NSA | Monthly |
Labor Force | Oct 2020 | 5,206 | 5,192 | #, NSA | Monthly |
Unemployment Rate | Oct 2020 | 3.3 | 3.3 | %, NSA | Monthly |
Labor Force Employment | Oct 2020 | 4,926 | 4,920 | Ths. #, NSA | Monthly |
Total Employment | Oct 2020 | 4,926 | 4,920 | Ths. #, NSA | Monthly |
Wage & Salaries | Oct 2020 | 5,452 | 5,414 | RON, NSA | Monthly |
Agriculture Employment | 2017 | 2,023,849 | 2,065,258 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Current Account Balance | 2020 Q3 | -3,890 | -2,967 | Mil. EUR, NSA | Quarterly |
Exports of Goods and Services | 2020 Q2 | 76,708 | 105,681 | Mil. RON, NSA | Quarterly |
Real Imports of Goods and Services | 2020 Q2 | 41,146 | 49,169 | Mil. Ch. 2000 RON, NSA | Quarterly |
Real Net Exports | 2020 Q2 | -20,221 | -21,621 | Mil. Ch. 2000 RON, NSA | Quarterly |
Imports of Goods and Services | 2020 Q2 | 87,659 | 115,601 | Mil. RON, NSA | Quarterly |
Real Exports of Goods and Services | 2020 Q2 | 20,924 | 27,548 | Mil. Ch. 2000 RON, NSA | Quarterly |
Net Exports | 2020 Q2 | -10,950 | -9,919 | Mil. RON, NSA | Quarterly |
Balance of Goods | 2020 Q2 | -4,759,011,469 | -4,831,807,561 | USD, NSA | Quarterly |
Exports of Goods | 2020 Q2 | 11,748,589,113 | 17,402,918,757 | USD, NSA | Quarterly |
Imports of Goods | 2020 Q2 | 16,507,600,582 | 22,234,726,318 | USD, NSA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Revenues | Nov 2020 | 129,185 | 116,120 | Mil. RON cumulative from the beginning of the year | Monthly |
Government Expenditures | Nov 2020 | 215,167 | 192,632 | Mil. RON cumulative from the beginning of the year | Monthly |
Government Budget Balance | Nov 2020 | -85,981 | -76,512 | Mil. RON cumulative from the beginning of the year | Monthly |
Gross External Debt | 2020 Q3 | 117,224 | 112,787 | Mil. EUR, NSA | Quarterly |
Outstanding Public Debt | 2011 | 242,211 | 201,228 | Mil. Lei, NSA | Annual |
Markets | Reference | Last | Previous | Units | Frequency |
Average Long-term Government Bond | Dec 2020 | 2.94 | 3.04 | % p.a., NSA | Monthly |
Money Market Rate | Dec 2020 | 1.5 | 1.5 | % per annum | Monthly |
Stock Market Index | Nov 2020 | 9,286 | 8,510 | Index, NSA | Monthly |
Treasury Bills (over 31 days) | Oct 2020 | 3.24 | 3.22 | % p.a., NSA | Monthly |
Lending Rate | Mar 2013 | 5.25 | 5.25 | % | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Residential Building Permits | Oct 2020 | 4,017 | 4,289 | #, NSA | Monthly |
House Price Index | 2020 Q3 | 126.38 | 129.77 | Index 2015=100, NSA | Quarterly |
Building Completions | 2020 Q2 | 14,846 | 14,919 | #, NSA | Quarterly |
Dwelling Stocks | 2019 | 9,092,963 | 9,031,317 | #, NSA | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Retail Sales | Oct 2020 | 101.8 | 99.2 | Prev. month = 100, SA | Monthly |
Consumer Confidence | Apr 2020 | -26.1 | -11.1 | SA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Capacity Utilization | 2020 Q4 | 69.3 | 66.9 | %, SA | Quarterly |
Industrial Production | Oct 2020 | 158.88 | 150.86 | Index 2005 = 100, NSA | Monthly |
Real Change in Inventories | 2020 Q2 | -34,256 | -93.9 | Mil. Ch. 2000 RON, NSA | Quarterly |
Change in Inventories | 2020 Q2 | -10,848 | 821.8 | Mil. RON, NSA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Births | Oct 2020 | 16,546 | 18,036 | #, NSA | Monthly |
Deaths | Oct 2020 | 27,491 | 21,973 | #, NSA | Monthly |
Population | 2018 | 19,476,713 | 19,591,668 | Absolute | Annual |
Net Migration | 2017 | -150,000 | # | Annual | |
Birth Rate | 2016 | 9.6 | # per Ths. pop. | Annual | |
Death Rate | 2016 | 13 | 13.2 | # per Ths. pop. | Annual |