The wiiw GDP growth forecast has been revised downwards to 4.2% in 2018 based on the expected slowdown in consumption and, to a lesser extent, investments. The budget deficit is expected to widen to more than 3% of GDP and enforce a consolidation course in 2019 that will further depress growth. A minor acceleration in 2020 is expected when EU funds disbursement will be getting momentum.

map Romania
Main Economic Indicators201520162017201820192020
Population, 1000 persons198151970219650...
GDP, real change in %
GDP per capita (EUR at PPP)163001710018700...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average6.
Average gross monthly wages, EUR575626706...
Consumer prices, % p.a.-0.4-
Fiscal balance in % of GDP-0.8-3.0-2.9...
Public debt in % of GDP37.737.135.0...
Current account in % of GDP-1.2-2.0-3.4-4.1-4.0-3.9
FDI inflow, EUR mn388556564378...
Gross external debt in % of GDP57.454.449.7...

Basic data are continuously updated.

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


Monthly Report No. 6/2018

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 6, June 2018
27 pages including 1 Table and 1 Figure



ROMANIA: Down from the peak

Gabor Hunya
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 130-133
Details and Buy