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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 %||0.6||3.4||2.9||2.5||3.0||3.0|
|GDP per capita (EUR at PPP)||13800||14100||14800||.||.||.|
|Gross industrial production, real change in %||2.4||7.8||6.1||.||.||.|
|Unemployment rate - LFS, in %, average||7.0||7.3||7.0||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||-3.0||-2.2||-2.0||.||.||.|
|Public debt in % of GDP||37.3||38.0||39.0||.||.||.|
|Current account in % of GDP||-4.5||-0.8||-0.5||-0.6||-0.8||-1.0|
|FDI inflow, EUR mn||2181||2891||2737||.||.||.|
|Gross external debt in % of GDP||75.4||68.0||62.6||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
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
Monthly Report No. 11/2014
Gabor Hunya, Sebastian Leitner, Sandra M. Leitner and Robert Stehrer
wiiw Monthly Report No. 11, November 2014
37 pages including 25 Figures Details