Romania

map Romania
Romania is in recession, with GDP down 1.7% in H1 2026, as fiscal tightening, high inflation and weak purchasing power all depress consumption. Investment remains strong, supported by EU funds, but industrial output continues to decline amid high energy costs and competitiveness pressures. Inflation is easing but remains among the EU’s highest. Fiscal consolidation is progressing, while political uncertainty and large external deficits remain key risks. Growth should resume gradually in 2027 as inflation falls and consumption recovers.
        FORECAST*
Main Economic Indicators202320242025202620272028
Population, 1000 persons190611905519042...
GDP, real change in %2.51.10.8-0.41.62.0
GDP per capita (EUR at PPP)286703092032580...
Gross industrial production, real change in %-3.0-1.5-0.9...
Unemployment rate - LFS, in %, average5.65.46.16.46.36.0
Average gross monthly wages, EUR142416201729...
Consumer prices, % p.a.9.75.86.88.34.24.0
Fiscal balance in % of GDP-6.6-9.2-7.8-6.2-5.9-5.5
Public debt in % of GDP49.454.658.9...
Current account in % of GDP-6.7-8.1-7.4-7.0-6.6-6.3
FDI inflow, EUR m807465868589...
Gross external debt in % of GDP57.057.360.3...


Basic data are continuously updated.

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

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Monthly Report No. 7-8/2026

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Ioannis Gutzianas, Gabor Hunya, Branimir Jovanović, Biljana Jovanovikj, Niko Korpar, Dzmitry Kruk, Isilda Mara, Michał Możdżeń, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Marina Tverdostup
wiiw Monthly Report No. 7-8, July-August 2026
52 pages including 5 Tables

Details

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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
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