Economic growth turned out at 4.2% in 2018, above wiiw expectation, and the decline to or below 3% p.a. in 2019-2021 will be below earlier forecasts. Beyond deteriorating external conditions and weak investments, new unorthodox fiscal policy measures will drag on the economy. Raising fiscal revenues by taxing turnover in the banking, telecom and energy sectors will suppress economic activity.

map Romania
Main Economic Indicators201620172018201920202021
Population, 1000 persons197021958719500...
GDP, real change in %
GDP per capita (EUR at PPP)174001880019800...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average5.
Average gross monthly wages, EUR626705964...
Consumer prices, % p.a.-
Fiscal balance in % of GDP-2.7-2.7-3.0...
Public debt in % of GDP37.335.235.0...
Current account in % of GDP-2.1-3.2-4.5-4.3-4.2-4.0
FDI inflow, EUR mn565652255801...
Gross external debt in % of GDP54.551.949.0...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


ROMANIA: Who pays the bill for fiscal loosening?

Gabor Hunya
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 124-127
Details and Buy


Monthly Report No. 1/2019

Richard Grieveson, Julia Grübler, Peter Havlik and Roman Stöllinger
wiiw Monthly Report No. 1, January 2019
42 pages including 23 Figures