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Romania was one of the fastest growing European economies in 2013, driven by soaring exports of goods and services. One-time factors of growth such as the bumper harvest are expected to expire in 2014, reducing the rate of growth. The expanding, competitive manufacturing sector can drive further growth if external demand improves, FDI keeps flowing in and current infrastructure investment projects are finalised. Structural reforms and legislative improvements are expected to proceed sluggishly.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||20148||20077||20000||.||.||.|
|GDP, real change in %||2.2||0.7||3.5||2.4||2.7||3.0|
|GDP per capita (EUR at PPP)||12900||13500||14400||.||.||.|
|Gross industrial production, real change in %||7.4||2.4||7.8||.||.||.|
|Unemployment rate - LFS, in %, average||7.4||7.0||7.4||7.3||7.0||7.0|
|Average gross monthly wages, EUR||467||463||490||.||.||.|
|Consumer prices, % p.a.||5.8||3.4||3.2||2.5||3.0||3.5|
|Fiscal balance in % of GDP||-5.6||-3.0||-2.5||.||.||.|
|Public debt in % of GDP||34.7||37.9||38.0||.||.||.|
|Current account in % of GDP||-4.5||-4.4||-1.1||-2.0||-3.0||-3.0|
|FDI inflow, EUR mn||1798||2127||2730||.||.||.|
|Gross external debt in % of GDP||75.1||75.8||67.3||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
ROMANIA: After export boom in 2013 recovery of consumption and investments expected
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 63-65 Details and Buy
Monthly Report No. 2/2014
Vladimir Gligorov, Olga Pindyuk, Leon Podkaminer, Johannes Pöschl and Roman Römisch
wiiw Monthly Report No. 2, February 2014
29 pages including 14 Tables and 8 Figures Details