Romania

map Romania
With expected growth of 6.8% in 2021, the Romanian economy will surpass the pre-crisis level of 2019. The high twin deficits on the fiscal balance and the current account could become a problem only in the event of negative external shocks. The short-term prospects are dimmed by three simultaneous crises in the areas of the pandemic, gas supply and government.
        FORECAST*
Main Economic Indicators201820192020202120222023
Population, 1000 persons194741937219258...
GDP, real change in %4.54.2-3.96.84.34.2
GDP per capita (EUR at PPP)198302171021300...
Gross industrial production, real change in %3.5-2.3-9.2...
Unemployment rate - LFS, in %, average4.23.95.05.44.84.5
Average gross monthly wages, EUR93610231077...
Consumer prices, % p.a.4.13.92.34.24.03.5
Fiscal balance in % of GDP-2.9-4.4-9.3-7.0-6.0-5.0
Public debt in % of GDP34.735.347.3...
Current account in % of GDP-4.6-4.9-5.0-5.8-4.6-4.0
FDI inflow, EUR m620565743056...
Gross external debt in % of GDP48.849.258.1...


Basic data are continuously updated.

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

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Executive summary

Vasily Astrov
in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. I-VI
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Monthly Report No. 7-8/2021

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 7-8, July-August 2021
42 pages including 4 Tables and 15 Figures

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