The net wealth increased by about RON140 billion in the pandemic year, or 6.1% over 2019, Romania’s central bank data show.
The households’ net wealth stood at RON2,275 billion at the end of 2019, above the 2008 level for the first time.
Real estate assets accounted for most of that net wealth again, 75%, because of the high homeownership rate (95.8%, according to Eurostat).
Financial assets account for about 24% of the total net wealth, unlike the euro zone where they stand at about 45%.
(English version by Loredana Fratila-Cristescu)