map Romania
Economic growth will slow to 3% in 2023, from close to 5% the previous year. Domestic demand will be eroded by high inflation and sluggish wage growth. The dynamic expansion of investments financed mainly by EU programmes and FDI will continue. Fiscal and current account deficits will contract, but will remain elevated – which will constitute a moderate risk. The improved international position of Romania in economic, political and military aspects supports its long-term economic development.
Main Economic Indicators202020212022202320242025
Population, 1000 persons192651912219000...
GDP, real change in %-
GDP per capita (EUR at PPP)218302404027140...
Gross industrial production, real change in %-9.27.1-1.8...
Unemployment rate - LFS, in %, average5.
Average gross monthly wages, EUR107711251249...
Consumer prices, % p.a.
Fiscal balance in % of GDP-9.2-7.1-6.2-5.3-4.5-4.0
Public debt in % of GDP46.948.647.3...
Current account in % of GDP-4.9-7.2-9.3-7.0-5.9-4.9
FDI inflow, EUR m3056993311295...
Gross external debt in % of GDP57.556.650.6...

Basic data are continuously updated.

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


Executive summary

Olga Pindyuk
in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. I-VI


Monthly Report No. 4/2023

Vasily Astrov, Olga Pindyuk, Maryna Tverdostup and Sergey Utkin
wiiw Monthly Report No. 4, April 2023
53 pages including 2 Tables and 33 Figures