Romania

map Romania
Romania’s energy and trade dependence on Russia and Ukraine is relatively modest, but still the energy price shocks and supply-chain disruptions have set back its economic performance. GDP will grow by no more than 2% in 2022, despite the generous inflows of EU funds. Inflation will rise to 9% on average, which will depress household demand. Currency devaluation will be modest, due to the central bank’s interventions on the currency market.
        FORECAST*
Main Economic Indicators201920202021202220232024
Population, 1000 persons193721926519250...
GDP, real change in %4.2-3.75.92.03.54.5
GDP per capita (EUR at PPP)216702150023540...
Gross industrial production, real change in %-2.3-9.27.1...
Unemployment rate - LFS, in %, average3.95.05.65.65.35.0
Average gross monthly wages, EUR102310771134...
Consumer prices, % p.a.3.92.34.19.05.03.0
Fiscal balance in % of GDP-4.4-9.3-7.1-7.0-5.0-4.0
Public debt in % of GDP35.347.248.8...
Current account in % of GDP-4.9-5.0-7.0-7.0-6.2-5.9
FDI inflow, EUR m657430568813...
Gross external debt in % of GDP49.257.956.1...


Basic data are continuously updated.

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

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Executive summary

Vasily Astrov
in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. I-VII
Details

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Monthly Report No. 1/2022

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Marcus How, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Bernd Christoph Ströhm, Maryna Tverdostup, Nina Vujanović, Zuzana Zavarská and Adam Żurawski
wiiw Monthly Report No. 1, January 2022
58 pages including 4 Tables and 21 Figures

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