Economic growth in Romania is expected to decline from close to 7% last year to 4.7% in 2018, and even lower in the following two years. Fiscal imbalances will trigger restrictive policies. Household consumption will remain the main growth driver, while investments are expected to recover slowly and the current account deficits to shrink modestly. Political instability and unpredictable structural reforms will continue to put a drag on the economy, elevating investment risk.

map Romania
Main Economic Indicators201520162017201820192020
Population, 1000 persons198151970219650...
GDP, real change in %
GDP per capita (EUR at PPP)163001700018300...
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 GDP37.737.435.0...
Current account in % of GDP-1.2-2.1-3.4-3.4-3.2-3.0
FDI inflow, EUR mn388556564378...
Gross external debt in % of GDP57.454.749.8...

Basic data are continuously updated.

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


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


Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, 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. 7-8, August 2017
27 pages including 1 Table and 2 Figures