External Debt in Romania
Romania - External Debt
Growth ticked up in the third quarter, although the slight acceleration was due to a surge in inventories which more than offset further cooling in consumer spending, still-falling fixed investment and a negative contribution from the external sector. In an attempt to curb the ballooning fiscal deficit, the cabinet approved a series of measures on 21 December, including a tax on banks’ assets designed to cap money market lending rates; taxes on energy and telecommunications companies; and an overhaul of the retirement system that allows Romanians, under certain conditions, to pull out of the mandatory private pension funds and switch to state management. The measures produced jittery reactions on the stock market, while analysts doubt they will bring the deficit below 3% of GDP. On the political front, the government survived a no confidence vote on 20 December, while on 1 January it took over the EU’s rotating presidency amid criticisms that the government is eroding the rule of law in the country.Romania - External Debt Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 67.8 | 63.0 | 57.4 | 54.7 | 49.8 |
Romania External Debt Chart
Source: National Bank of Romania.
Romania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.11 | 0.23 % | Jan 16 |
| Exchange Rate | 4.11 | -0.34 % | Jan 16 |
| Stock Market | 7,077 | -0.59 % | Jan 16 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
Romania: Industrial production loses steam in November
January 14, 2019
Industrial output grew 2.6% in annual terms in November, below October's 3.5% expansion.
Romania: Inflation falls to one-year low in December
January 14, 2019
Consumer prices rose 0.2% over the previous month in December, contrasting November’s 0.1% month-on-month decline.
Romania: Central Bank holds rates unchanged at its first 2019 meeting
January 8, 2019
At its first monetary policy meeting of the year, held on 8 January, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%.
Romania: Inflation falls to almost one-year low in November
December 12, 2018
Consumer prices dropped 0.1% over the previous month in November, contrasting October’s 0.5% increase.
Romania: Industrial production gains steam in October
December 12, 2018
Industrial output expanded 3.5% in annual terms in October, well above September's 0.5% growth rate, which had marked the weakest record in 17 months.
© Copyright: 2019 | Romania External Debt | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
