External Debt in Romania
Romania - External Debt
The coronavirus shock and associated containment measures likely hit the economy even harder in the second quarter, after growth slowed to a near six-year low in Q1 as domestic demand lost significant traction. In April, industrial output shrank at the quickest rate on record, driven by a marked contraction in manufacturing production, while merchandise exports collapsed in the same month on crippled external demand and disrupted supply chains. Moreover, retail sales contracted at the fastest pace in history in April as non-essential businesses suspended operations, while the unemployment rate climbed to an over two-year high. In more positive news, restrictions have been gradually lifted since mid-May to reboot activity, with economic sentiment improving markedly in June. Moreover, on 1 July the authorities announced an economic recovery plan, aiming to allocate EUR 1.2 billion for small- and medium-sized businesses to finance working capital, restart operations and make investments.Romania - External Debt Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 59.0 | 55.3 | 52.0 | 48.8 | 47.4 |
Romania External Debt Chart
Source: National Bank of Romania.
Romania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.49 | 0.23 % | Dec 31 |
| Exchange Rate | 4.26 | -0.34 % | Dec 31 |
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Economic News
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Romania: Industrial output drops again in May
July 14, 2020
Industrial production dropped 28.0% year-on-year in May, a softer fall than April’s 38.7% decline, which had marked the sharpest contraction on record.
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Romania: Inflation rises in June
July 10, 2020
Consumer prices increased a seasonally-adjusted 0.08% from the previous month in June, picking up from May's 0.05% rise.
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Romania: Inflation falls to over two-and-a-half year low in May
June 12, 2020
Consumer prices rose a seasonally-adjusted 0.1% over the last month in May, a smaller increase than April's 0.3% rise.
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Romania: Industrial output contracts at sharpest pace on record in April
June 12, 2020
Industrial output fell 38.6% year-on-year in April (March: -14.5% yoy) marking the sharpest contraction on record.
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Romania: Growth slows to near six-year low in Q1
June 9, 2020
A second reading confirmed economic activity waned in the first quarter, with GDP growth moderating to 2.4% year-on-year, down from Q4’s 4.3% expansion.
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