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Expanding private consumption and a good harvest softened the economic slowdown generated by an investment slump. Further slowdown is expected in 2015, should there be no major turnaround in terms of investments. Increased political and economic stability will benefit longer-term economic growth, yielding an increase of some 3%.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||20058||19984||19930||.||.||.|
|GDP, real change in %||1.6||3.4||2.6||2.5||3.0||3.0|
|GDP per capita (EUR at PPP)||13800||14100||14800||.||.||.|
|Gross industrial production, real change in %||2.4||7.9||6.1||.||.||.|
|Unemployment rate - LFS, in %, average||6.8||7.1||6.8||6.8||6.7||6.5|
|Average gross monthly wages, EUR||463||489||513||.||.||.|
|Consumer prices, % p.a.||3.4||3.2||1.4||2.0||3.0||3.0|
|Fiscal balance in % of GDP||-2.9||-2.2||-1.5||.||.||.|
|Public debt in % of GDP||37.3||38.0||39.8||.||.||.|
|Current account in % of GDP||-4.5||-0.8||-0.4||-0.6||-0.8||-1.0|
|FDI inflow, EUR mn||2181||2894||2555||.||.||.|
|Gross external debt in % of GDP||75.4||68.0||62.9||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Monthly Report No. 4/2015
Amat Adarov, Peter Havlik, Gabor Hunya and Michael Landesmann
wiiw Monthly Report No. 4, April 2015
45 pages including 2 Tables and 29 Figures Details
Romania: Investment slump and consumption boom
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 75-78 Details and Buy