Romania

map Romania
Delays to fiscal consolidation allowed for a temporary improvement in 2025. Economic growth picked up in Q3, so that GDP was 1.5% higher in Q1-Q3 2025 than a year before. The main driver of growth was investment, especially in roads and buildings. A recovery in agricultural production, a slight improvement in manufacturing and better access to EU funds acted on the positive side. The tax hikes and subsidy cuts introduced as of August 2025 and the subsequent jump in inflation depressed household consumption but have improved the foreign trade balance. Real wages fell below the level of the previous year in Q3, not least due to a freeze of public-sector wages.
        FORECAST*
Main Economic Indicators202320242025202620272028
Population, 1000 persons190611905219000...
GDP, real change in %2.30.91.21.02.22.7
GDP per capita (EUR at PPP)2871030780....
Gross industrial production, real change in %-3.0-1.5-0.9...
Unemployment rate - LFS, in %, average5.65.46.16.26.05.6
Average gross monthly wages, EUR142416201745...
Consumer prices, % p.a.9.75.86.86.54.04.0
Fiscal balance in % of GDP-6.7-9.4-8.5-6.5-5.5-4.8
Public debt in % of GDP49.354.858.0...
Current account in % of GDP-6.7-8.2-8.0-6.8-6.5-6.0
FDI inflow, EUR m807465868551...
Gross external debt in % of GDP56.957.560.0...


Basic data are continuously updated.

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

publication_icon

Monthly Report No. 1/2026

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej Grodzicki, Ioannis Gutzianas, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Biljana Jovanovikj, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Marina Tverdostup
wiiw Monthly Report No. 1, January 2026
58 pages including 6 Tables and 15 Figures

Details

publication_icon

Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


top