The health system was ill-prepared to deal with the Coronavirus pandemic, and the government responded with strict lockdown measures that are unlikely to be lifted much before July. The economic impact will be a GDP decline of about 7% and a fiscal deficit of some 9% of GDP. The rising cost of external financing limits the government’s scope for supporting economic recovery.

map Romania
Main Economic Indicators201720182019202020212022
Population, 1000 persons195871947319366...
GDP, real change in %
GDP per capita (EUR at PPP)190002030022000...
Gross industrial production, real change in %7.93.5-2.3...
Unemployment rate - LFS, in %, average4.94.23.910.07.0.
Average gross monthly wages, EUR7059361038...
Consumer prices, % p.a.
Fiscal balance in % of GDP-2.6-2.9-4.3...
Public debt in % of GDP35.134.735.2...
Current account in % of GDP-2.8-4.4-4.65.0-4.5.
FDI inflow, EUR mn522562056165...
Gross external debt in % of GDP51.948.847.4...

Basic data are continuously updated.

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

Due to the unusually high level of uncertainty caused by COVID-19, we only present forecasts for 2020-2021.


Monthly Report No. 5/2020

Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Bernd Christoph Ströhm and Hermine Vidovic
wiiw Monthly Report No. 5, May 2020
96 pages including 27 Tables and 39 Figures



ROMANIA: Slowdown and twin deficits

Gabor Hunya
in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 127-130
Details and Buy