Macroeconomics
Statistics Board: Romania's Industrial Production Drops 4.7% YoY In November 2023
Romania’s industrial production decreased by 4.7% in unadjusted data in November 2023 versus November 2022 due to drops recorded for the following industrial sectors: manufacturing (-5.3%),...
Romania's Current Account Deficit Shrinks 17% YoY To EUR20.2B In January-November 2023
Romania's current account balance posted a deficit of EUR20.2 billion in January-November 2023, lower than the EUR24.3 billion level reported in the same period of 2022, central bank data sh...
Statistics Board Confirms Romania’s GDP Growth Of 1.1% For Q3/2023 And Of 1.4% For Jan-Sept 2023
Romania's statistics board INS on Friday (January 12) confirmed the data regarding the country's economic growth in the third quarter of 2023, at 1.1%, and in the first nine months of 2023,...
Central Bank: Latest Estimates Point To Romania's Annual Inflation Rate Going Up In January 2024 And Then Resuming Its Gradual Decline
The annual inflation rate posted a faster-than-expected decrease in the first two months of Q4/2023, falling to 6.72% in November, from 8.83% in September, amid the continued slowdown in the...
Romania Average Net Salary Up 1.6% In November 2023 vs October 2023
The average net salary in Romania increased by 1.6% in nominal terms in November 2023 compared to October 2023, to 4,765 (EUR958), data from the country's statistics board INS showed on Frid...
Romania's Annual Inflation Keeps Downward Trend In December 2023, Ends Year At 6.6%
Romania's annual inflation kept its downward trend in December 2023, ending the year at 6.6%, compared to 6.7% in November 2023 and 8.1% in October 2023.
KPMG: Romania’s Economy To Grow By 2.5% In 2024, Inflation To Reach 6.9%
KPMG, one of the world’s largest audit and consulting companies, sees Romania’s economy growing by 2.5% in 2024, while inflation should reach 6.9%. Its forecasts were included in the ‘Global...
World Bank Revises Romania’s Economic Growth Forecast Downwards To 1.8% For 2023 And To 3.3% For 2024
The World Bank has revised its projection for Romania's economic growth downwards to 1.8% for 2023 and to 3.3% for 2024, respectively, according to January 2024 edition of the World Bank's G...
Romania Unemployment Rate Unchanged At 5.4% In November 2023
Romania’s unemployment rate remained unchanged at 5.4% in November 2023 compared to October 2023, data from the country’s statistics institute INS show on Tuesday (January 9, 2024).