Economy of Romania. Statistics, Data and Indicators
Romania
| 52BBB- | Credit rank #59 |
| 144.05 | Quality of life #37 |
| 63 | Corruption rank#55 |
| 55 | Ease of doing business#52 |
Romania Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 301 USD Billion | 2022 |
| GDP Annual Growth Rate | 1.1 % | 2Q/23 |
| GDP Growth Rate | 0.9 % | 2Q/23 |
| GDP per capita | 12280 USD | 2022 |
| Inflation Rate YoY | 9.43 % | Aug/23 |
| Interest Rate | 7 % | Oct/23 |
| Unemployment Rate | 5.4 % | Aug/23 |
| Wages | 7317 RON/Month | 1563.428 USD/Month | Jul/23 |
| Balance of Trade | -2633 EUR Million | -2.793 B USD | Aug/23 |
| Current Account | -2905 EUR Million | -3.082 B USD | Jul/23 |
| Foreign Exchange Reserves | 65117 EUR Million | 69.082 B USD | Sep/23 |
| Government Debt | 853178 RON Million | 182.299 B USD | 2Q/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 301 USD Billion | 2022 |
| GDP Annual Growth Rate | 1.1 % | 2Q/23 |
| GDP Growth Rate | 0.9 % | 2Q/23 |
| GDP per capita | 12280 USD | 2022 |
| GDP Constant Prices | 46831 RON Million | 10.006 B USD | 2Q/23 |
| GDP per capita PPP | 32738 USD | 2022 |
| GDP From Agriculture | 2339 RON Million | 0.5 B USD | 2Q/23 |
| GDP From Construction | 2440 RON Million | 0.521 B USD | 2Q/23 |
| GDP From Manufacturing | 9195 RON Million | 1.965 B USD | 2Q/23 |
| GDP From Public Administration | 1863 RON Million | 0.398 B USD | 2Q/23 |
| GDP From Services | 15908 RON Million | 3.399 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 47.3 % | 2022 |
| Government Budget Value | -46404 RON Million | -9.915 USD Billion | Aug/23 |
| Government Spending | 2676 RON Million | 0.572 USD Billion | 2Q/23 |
| Government Debt | 853178 RON Million | 182.299 USD Billion | 2Q/23 |
| Government Revenues | 159414 RON Million | 34.062 USD Billion | Aug/23 |
| Fiscal Expenditure | 205818 RON Million | 43.977 B USD | Aug/23 |
| Government Budget to GDP | -5.8 % | 2022 |
| Government Spending to GDP | 39.7 % | 2022 |
| Military Expenditure | 5187 USD Million | 5.187 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 238 index points | Aug/23 |
| Food Inflation | 11.88 % | Aug/23 |
| Gasoline Prices | 1.56 USD/Liter | Sep/23 |
| Inflation Rate YoY | 9.43 % | Aug/23 |
| Producer Prices | 189 index points | Aug/23 |
| Inflation Rate Mom | 0.54 % | Aug/23 |
| Core Consumer Prices | 131 Index Points | Aug/23 |
| Core Inflation Rate | 11.4 % | Aug/23 |
| CPI Transportation | 100 Index Points | Aug/23 |
| Harmonised Consumer Prices | 143 Index Points | Aug/23 |
| Producer Prices Change | -3.33 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -9.3 % | 2022 |
| Balance of Trade | -2633 EUR Million | -2.793 USD Billion | Aug/23 |
| Current Account | -2905 EUR Million | -3.082 USD Billion | Jul/23 |
| Exports | 7079 EUR Million | 7.51 USD Billion | Aug/23 |
| External Debt | 158820 EUR Million | 168.491 USD Billion | Jul/23 |
| Foreign Exchange Reserves | 65117 EUR Million | 69.082 USD Billion | Sep/23 |
| Imports | 9712 EUR Million | 10.303 USD Billion | Aug/23 |
| Tourist Arrivals | 245382 Persons | 0.245 Million Persons | Aug/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 104 Tonnes | 2Q/23 |
| Interbank Rate | 6.25 % | Oct/23 |
| Interest Rate | 7 % | Oct/23 |
| Loans to Private Sector | 107702 RON Million | 26.93 USD Billion | Jul/18 |
| Money Supply M0 | 108452 RON Million | 23.173 USD Billion | Aug/23 |
| Money Supply M1 | 387903 RON Million | 82.883 USD Billion | Aug/23 |
| Money Supply M2 | 626030 RON Million | 133.764 USD Billion | Aug/23 |
| Money Supply M3 | 626030 RON Million | 133.764 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 314739 RON Million | 67.25 B USD | Aug/23 |
| Deposit Interest Rate | 6 % | Aug/23 |
| Foreign Direct Investment | 1199 EUR Million | 1.272 B USD | Jul/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 604 EUR/Month | 640.781 USD/Month | 3Q/23 |
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 61.92 | 2022 |
| Unemployment Rate | 5.4 % | Aug/23 |
| Wages | 7317 RON/Month | 1563.428 USD/Month | Jul/23 |
| Youth Unemployment Rate | 22.3 % | Jun/23 |
| Employed Persons | 5134 Thousand Person | 5.134 Million Person | Jul/23 |
| Employment Change | -0.8 % | 2Q/23 |
| Employment Rate | 63 % | 2Q/23 |
| Full Time Employment | 7446 Thousand Person | 4Q/22 |
| Labor Force Participation Rate | 66.7 % | 4Q/22 |
| Living Wage Family | 2160 RON/Month | 502.676 USD/Month | 2018 |
| Living Wage Individual | 1300 RON/Month | 302.537 USD/Month | 2018 |
| Long Term Unemployment Rate | 2.3 % | 2Q/23 |
| Part Time Employment | 259 Thousand Persons | 4Q/22 |
| Unemployed Persons | 230 Thousand Persons | 0.23 Million Persons | Aug/23 |
| Wages High Skilled | 2880 RON/Month | 670.235 USD/Month | 2018 |
| Wages in Manufacturing | 6510 RON/Month | 1390.996 USD/Month | Jul/23 |
| Wages Low Skilled | 1430 RON/Month | 332.79 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 16 % | 2023 |
| Personal Income Tax Rate | 10 % | 2023 |
| Sales Tax Rate | 19 % | 2023 |
| Social Security Rate | 37.25 % | 2023 |
| Social Security Rate For Companies | 2.25 % | 2023 |
| Social Security Rate For Employees | 35 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 58 BBL/D/1K | May/23 |
| Electricity Production | 4203 GWh | Jul/23 |
| Industrial Production | -5.3 % | Jul/23 |
| Mining Production | 4.09 % | Jul/23 |
| Factory Orders | 2.1 % | Jul/23 |
| Industrial Production (MoM) | 0.6 % | Jul/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | -0.4 index points | Sep/23 |
| Corruption Index | 46 index points | 2022 |
| Corruption Rank | 63 place | 2022 |
| Ease of Doing Business | 55 place | 2019 |
| Manufacturing Production | -5.49 % | Jul/23 |
| Competitiveness Index | 64.36 Index Points | 2019 |
| Competitiveness Rank | 51 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | -26.1 index points | Apr/20 |
| Retail Sales MoM | 0.1 % | Aug/23 |
| Retail Sales YoY | 1.1 % | Aug/23 |
| Consumer Credit | 58281 RON Million | 12.453 USD Billion | Aug/23 |
| Consumer Spending | 46256 RON Million | 9.884 USD Billion | 2Q/23 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 15.8 % | Jul/23 |
