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||3.2||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||6.5||6.3||6.0|
|Average gross monthly wages, EUR||489||524||568||.||.||.|
|Consumer prices, % p.a.||3.2||1.4||-0.4||-1.0||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||-2.5||-2.5||-3.0|
|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.
Monthly Report No. 7-8/2016
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2016
25 pages including 1 Table and 1 Figure
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