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 |
---|---|---|---|---|---|
Real Private Consumption | 2023 Q4 | 264,673 | 194,893 | Mil. Ch. 2020 RON, NSA | Quarterly |
Nominal Gross Domestic Product | 2023 Q4 | 481,432 | 434,502 | Mil. RON, NSA | Quarterly |
Private Consumption | 2023 Q4 | 340,591 | 279,991 | Mil. RON, NSA | Quarterly |
Real Government Consumption | 2023 Q4 | 27,513 | 20,769 | Mil. Ch. 2020 RON, NSA | Quarterly |
Investment | 2023 Q4 | 130,296 | 143,724 | Mil. RON, NSA | Quarterly |
Real Investment | 2023 Q4 | 92,717 | 103,386 | Mil. Ch. 2020 RON, NSA | Quarterly |
Government Consumption | 2023 Q4 | 35,100 | 25,311 | Mil. RON, NSA | Quarterly |
Real Gross Domestic Product | 2023 Q4 | 359,284 | 328,420 | 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 | Feb 2024 | 104.8 | 101.5 | 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 |
Unemployment | Feb 2024 | 246.7 | 239.8 | Ths. #, NSA | Monthly |
Labor Force Employment | Feb 2024 | 5,139 | 5,137 | Ths. #, NSA | Monthly |
Unemployment Rate | Feb 2024 | 3.1 | 3 | %, NSA | Monthly |
Total Employment | Feb 2024 | 5,139 | 5,137 | Ths. #, NSA | Monthly |
Wage & Salaries | Feb 2024 | 7,990 | 7,976 | RON, NSA | Monthly |
Labor Force | Feb 2024 | 5,386 | 5,377 | #, NSA | Monthly |
Agriculture Employment | 2017 | 2,023,849 | 2,065,258 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Real Exports of Goods and Services | 2023 Q4 | 124,202 | 122,811 | Mil. Ch. 2020 RON, NSA | Quarterly |
Imports of Goods and Services | 2023 Q4 | 185,780 | 174,905 | Mil. RON, NSA | Quarterly |
Net Exports | 2023 Q4 | -27,132 | -17,960 | Mil. RON, NSA | Quarterly |
Real Imports of Goods and Services | 2023 Q4 | 146,121 | 138,002 | Mil. Ch. 2020 RON, NSA | Quarterly |
Exports of Goods and Services | 2023 Q4 | 158,648 | 156,945 | Mil. RON, NSA | Quarterly |
Current Account Balance | 2023 Q4 | -7,036 | -7,127 | Mil. EUR, NSA | Quarterly |
Balance of Goods | 2023 Q4 | -9,304,756,134 | -7,841,381,281 | USD, NSA | Quarterly |
Exports of Goods | 2023 Q4 | 22,896,092,093 | 23,097,403,501 | USD, NSA | Quarterly |
Imports of Goods | 2023 Q4 | 32,200,848,227 | 30,938,784,783 | 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 Budget Balance | Feb 2024 | -23,305 | -5,990 | Mil. RON cumulative from the beginning of the year | Monthly |
Government Revenues | Feb 2024 | 43,320 | 24,824 | Mil. RON cumulative from the beginning of the year | Monthly |
Government Expenditures | Feb 2024 | 66,625 | 30,815 | 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 | Mar 2024 | 5.96 | 6.06 | % p.a., NSA | Monthly |
Stock Market Index | Mar 2024 | 17,025 | 15,891 | Index, NSA | Monthly |
Treasury Bills (over 31 days) | Feb 2024 | 6.29 | 6.27 | % 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 | Feb 2024 | 2,295 | 1,829 | #, NSA | Monthly |
Building Completions | 2023 Q4 | 21,461 | 17,916 | #, NSA | Quarterly |
House Price Index | 2023 Q4 | 152.28 | 150.02 | Index 2015=100, NSA | Quarterly |
Dwelling Stocks | 2022 | 9,655,685 | 9,587,153 | #, NSA | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Retail Sales | Feb 2024 | 112.3 | 107.4 | Prev. month = 100, SA | Monthly |
Consumer Confidence | Apr 2020 | -30 | -11.9 | SA | Monthly |
Business | Reference | Last | Previous | Units | Frequency |
Capacity Utilization | 2024 Q1 | 71.3 | 66.5 | %, SA | Quarterly |
Industrial Production | Feb 2024 | 132.82 | 128.2 | Index 2005 = 100, NSA | Monthly |
Change in Inventories | 2023 Q4 | -8,043 | -4,411 | 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 | Feb 2024 | 11,130 | 13,743 | #, NSA | Monthly |
Deaths | Feb 2024 | 21,073 | 24,727 | #, 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 |