In 2015 economic growth accelerated. In 2016 GDP will expand further by some 4%. Private consumption will enjoy a pro-cyclical boost thanks to tax-cuts and wage increases in the public sector, while fixed investments will also recover. For the most part, the impact of the fiscal stimulus will be short-lived; economic growth may well slow down in 2017.
|Main Economic Indicators||2013||2014||2015||2016||2017||2018|
|Population, 1000 persons.||19984||19909||19846||.||.||.|
|GDP, real change in %||3.5||3.0||3.8||4.0||3.0||3.5|
|GDP per capita (EUR at PPP)||14400||15200||16200||.||.||.|
|Gross industrial production, real change in %||7.9||6.1||2.8||.||.||.|
|Unemployment rate - LFS, in %, average||7.1||6.8||6.8||6.7||6.6||6.5|
|Average gross monthly wages, EUR||489||524||568||.||.||.|
|Consumer prices, % p.a.||3.2||1.4||-0.4||0.0||2.0||2.5|
|Fiscal balance in % of GDP||-2.1||-0.9||-0.7||.||.||.|
|Public debt in % of GDP||38.0||39.8||38.4||.||.||.|
|Current account in % of GDP||-1.1||-0.5||-1.1||-1.7||-1.9||-2.3|
|FDI inflow, EUR mn||2894||2931||3499||.||.||.|
|Gross external debt in % of GDP||68.0||63.1||56.1||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
ROMANIA: Pro-cyclical fiscal loosening
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 109-113 Details and Buy
Monthly Report No. 1/2016 - Special Issue: Reality Check – wiiw Economists Reflect on 25 Years of Transition
Vladimir Gligorov, Peter Havlik, Gabor Hunya, Michael Landesmann, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 1, January 2016
42 pages including 3 Tables and 22 Figures