External Debt in Romania
Romania - External Debt
Economic activity moderated in the fourth quarter of 2018, with growth for 2018 as a whole well below 2017’s expansion. Strong retail sales in the quarter suggest consumer spending was again in the driver’s seat, supported by a tight labor market, declining inflation and robust wage rises. On the other hand, the industrial sector languished in Q4, affected by pronounced weakness in the industrial sector in the EU and by sluggish foreign demand. On the political front, in mid-February, parliament approved the 2019 budget, which targets a fiscal deficit of 2.8% of GDP and projects GDP growth of 5.5% for the year. Many analysts consider both projections to be optimistic and also warn against risks of budgetary slippage. Meanwhile, recent plans to relax anti-graft laws and the newly introduced tax on banks prompted the European Commission to urge the country to resume the reform drive.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 | 4.87 | 0.23 % | Mar 20 |
| Exchange Rate | 4.19 | -0.34 % | Mar 20 |
| Stock Market | 8,019 | -0.59 % | Mar 20 |
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Economic News
Romania: Growth moderates in Q4
February 14, 2019
According to a preliminary estimate released by the National Institute of Statistics on 14 February, the economy expanded 4.1% in the fourth quarter over the same period last year, slightly decelerating from the third quarter (Q3: +4.2% year-on-year).
Romania: Industrial production contracts in December
February 13, 2019
Industrial output dropped 0.8% in annual terms in December, contrasting November's 2.6% expansion.
Romania: Inflation stable in January
February 13, 2019
Consumer prices jumped 0.8% over the previous month in January, following December’s 0.2% month-on-month increase.
Romania: Central Bank holds rates unchanged at its February meeting
February 7, 2019
At its monetary policy meeting held on 7 February, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%.
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.
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