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 | 2023 Q3 | 287,878 | 257,426 | Mil. RON, NSA | Quarterly |
Real Private Consumption | 2023 Q3 | 194,964 | 193,288 | Mil. Ch. 2020 RON, NSA | Quarterly |
Real Government Consumption | 2023 Q3 | 25,379 | 18,911 | Mil. Ch. 2020 RON, NSA | Quarterly |
Nominal Gross Domestic Product | 2023 Q3 | 434,981 | 377,209 | Mil. RON, NSA | Quarterly |
Investment | 2023 Q3 | 143,571 | 98,394 | Mil. RON, NSA | Quarterly |
Government Consumption | 2023 Q3 | 33,009 | 24,810 | Mil. RON, NSA | Quarterly |
Real Gross Domestic Product | 2023 Q3 | 328,267 | 280,469 | Mil. Ch. 2020 RON, NSA | Quarterly |
Real Investment | 2023 Q3 | 103,275 | 71,388 | Mil. Ch. 2020 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 | Dec 2023 | 104.4 | 96.6 | Corresponding month of previous year = 100, NSA | Monthly |
Producer Price Index (PPI) | Dec 2023 | 216.54 | 217.9 | 2010=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Total Employment | Dec 2023 | 5,116 | 5,135 | Ths. #, NSA | Monthly |
Labor Force | Dec 2023 | 5,352 | 5,369 | #, NSA | Monthly |
Unemployment | Dec 2023 | 235.6 | 234.5 | Ths. #, NSA | Monthly |
Labor Force Employment | Dec 2023 | 5,116 | 5,135 | Ths. #, NSA | Monthly |
Unemployment Rate | Dec 2023 | 2.9 | 2.9 | %, NSA | Monthly |
Wage & Salaries | Dec 2023 | 8,301 | 7,766 | RON, NSA | Monthly |
Agriculture Employment | 2017 | 2,023,849 | 2,065,258 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Current Account Balance | 2023 Q4 | -7,036 | -7,127 | Mil. EUR, NSA | Quarterly |
Real Exports of Goods and Services | 2023 Q3 | 121,767 | 119,447 | Mil. Ch. 2020 RON, NSA | Quarterly |
Real Imports of Goods and Services | 2023 Q3 | 138,383 | 132,316 | Mil. Ch. 2020 RON, NSA | Quarterly |
Net Exports | 2023 Q3 | -19,841 | -15,769 | Mil. RON, NSA | Quarterly |
Exports of Goods and Services | 2023 Q3 | 155,490 | 157,082 | Mil. RON, NSA | Quarterly |
Imports of Goods and Services | 2023 Q3 | 175,332 | 172,852 | Mil. RON, NSA | Quarterly |
Balance of Goods | 2023 Q3 | -7,843,140,128 | -7,157,310,130 | USD, NSA | Quarterly |
Imports of Goods | 2023 Q3 | 30,940,983,342 | 30,940,691,395 | USD, NSA | Quarterly |
Exports of Goods | 2023 Q3 | 23,097,843,213 | 23,783,381,265 | USD, NSA | Quarterly |
Real Net Exports | 2023 Q2 | -29,926 | -29,180 | Mil. Ch. 2000 RON, NSA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Government Revenues | Jan 2024 | 24,824 | 253,393 | Mil. RON cumulative from the beginning of the year | Monthly |
Government Expenditures | Jan 2024 | 30,815 | 345,306 | Mil. RON cumulative from the beginning of the year | Monthly |
Government Budget Balance | Jan 2024 | -5,990 | -91,913 | Mil. RON cumulative from the beginning of the year | Monthly |
Gross External Debt | 2023 Q4 | 168,811 | 161,262 | 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 | Feb 2024 | 6.06 | 6.14 | % p.a., NSA | Monthly |
Stock Market Index | Feb 2024 | 15,891 | 15,512 | Index, NSA | Monthly |
Treasury Bills (over 31 days) | Jan 2024 | 6.27 | 6.47 | % p.a., NSA | Monthly |
Money Market Rate | Sep 2023 | 7 | 7 | % per annum | Monthly |
Lending Rate | Mar 2013 | 5.25 | 5.25 | % | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Residential Building Permits | Dec 2023 | 2,550 | 2,700 | #, NSA | Monthly |
Building Completions | 2023 Q3 | 17,916 | 16,748 | #, NSA | Quarterly |
House Price Index | 2023 Q3 | 150.02 | 145.14 | Index 2015=100, NSA | Quarterly |
Dwelling Stocks | 2022 | 9,655,685 | 9,587,153 | #, NSA | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Retail Sales | Dec 2023 | 100.1 | 103.6 | Prev. month = 100, SA | Monthly |
Consumer Confidence | Apr 2020 | -30 | -11.9 | SA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Capacity Utilization | 2023 Q4 | 67.1 | 69.3 | %, SA | Quarterly |
Industrial Production | Dec 2023 | 128.47 | 142.11 | Index 2005 = 100, NSA | Monthly |
Change in Inventories | 2023 Q3 | -10,574 | -4,133 | Mil. RON, NSA | Quarterly |
Real Change in Inventories | 2023 Q2 | 9,166 | 155 | Mil. Ch. 2000 RON, NSA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Births | Dec 2023 | 11,431 | 11,970 | #, NSA | Monthly |
Deaths | Dec 2023 | 21,917 | 19,840 | #, NSA | Monthly |
Population | 2022 | 19,052,694 | 19,126,302 | 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 |