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Romania has seen relatively fast economic growth recently fuelled by net exports and a bumper harvest. But investment activity has been weak and also private consumption stagnated. Stability-oriented economic policies under a new IMF precautionary agreement may not boost growth in the coming years. Exporting sectors both in industry and services may continue to grow while SMEs continue to suffer from sluggish demand, financial deleveraging and poor payment behaviour. Some boost to the economy can be expected of further export expansion and a recovery of private consumption in the wake of the inflation slowdown.
|Main Economic Indicators||2010||2011||2012||2013||2014||2015|
|Population, 1000 persons.||21438||20150||20095||.||.||.|
|GDP, real change in %||-1.1||2.2||0.7||1.9||2.2||2.5|
|GDP per capita (EUR at PPP)||11400||12500||13300||.||.||.|
|Gross industrial production, real change in %||5.5||7.4||2.4||.||.||.|
|Unemployment rate - LFS, in %, average||7.3||7.4||7.0||7.5||7.5||7.0|
|Average gross monthly wages, EUR||452||467||466||.||.||.|
|Consumer prices, % p.a.||6.1||5.8||3.4||4.2||3.5||3.5|
|Fiscal balance in % of GDP||-6.8||-5.6||-3.0||.||.||.|
|Public debt in % of GDP||30.5||34.7||37.9||.||.||.|
|Current account in % of GDP||-4.4||-4.5||-4.4||-2.8||-3.6||-3.6|
|FDI inflow, EUR mn||2227||1798||2127||.||.||.|
|Gross external debt in % of GDP||74.4||75.2||75.7||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Romania: Sober optimism
in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 95-97 Details and Buy
Monthly Report No. 11/2013
Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables Details