International Reserves in Romania

Romania International Reserves | Economic News & Forecasts

Romania - International Reserves

Activity likely remained subdued in Q4 2019, after growth slowed to an over five-year low in Q3 as both the industrial and external sectors felt the pinch of protracted weakness in the EU. Industrial production contracted at a sharper pace in October, showing the industrial sector was not yet out of the doldrums. However, retail sales expanded solidly in October-November, supported by a tight labor market. On the political scene, on 10 January, Prime Minister Ludovic Orban announced he reached an agreement with President Klaus Iohannis to organize procedures to hold snap elections. A working group was set up to secure support from Parliament and determine the date of the elections, which look set to be held as closely as possible to local elections due in May-June. Moreover, in mid-December, the government approved the 2020 budget, which targets a fiscal deficit of 3.6% of GDP, well above the EU’s 3.0% limit.

Romania - International Reserves Data

2013   2014   2015   2016   2017  
International Reserves (EUR)32.5  32.2  32.2  34.2  33.5  

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Romania International Reserves Chart

Romania International Reserves
Note: International reserves in months of imports.
Source: National Bank of Romania.

Romania Facts

Value Change Date
Bond Yield4.490.23 %Dec 31
Exchange Rate4.26-0.34 %Dec 31

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