Investment in Romania
Romania - Investment
GDP growth records slowest increase since Q1 2021 in the fourth quarter
GDP growth slowed markedly to 2.4% year-on-year in the fourth quarter, from 6.9% in the third quarter. While Q4's reading was the weakest result since Q1, it still placed GDP growth for 2021 as a whole at 6.0%, marking a sharp rebound from 2020’s 3.8% decline. Meanwhile, on a seasonally-adjusted quarter-on-quarter basis, economic activity dropped 0.1% in Q4, contrasting the previous quarter's 0.4% growth. Q4's reading marked the first decline since Q2 2020.
Domestically, private consumption growth was stable at 9.1% year-on-year in Q4. Meanwhile, government consumption dropped at a milder rate of 0.4% in Q4 (Q3: -2.4% yoy), and fixed investment declined at a more moderate rate of 0.2% in Q4, from the 1.4% contraction recorded in the prior quarter.
On the external front, exports of goods and services increased 2.9% on an annual basis in the fourth quarter, which was below the third quarter's 7.3% expansion. In addition, imports of goods and services growth waned to 5.3% in Q4 (Q3: +11.2% yoy).
Commenting on the outlook, Ciprian Dascalu, analyst at Erste Bank, said:
“We expect sequential growth rates for the first two quarters of 2022 significantly weaker than before the outbreak of the war in Ukraine, with first quarter likely to post a negative growth relative to Q4 2021 which should translate into a technical recession if no data revisions. The economy should recover sharply in the second half of the year, assuming a de-escalation of the conflict.”
Our analysts see the economy growing 4.0% in 2022, which is down 0.5 percentage points from last month’s forecast, and 4.3% in 2023.
Romania - Investment Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Investment (annual variation in %) | 7.2 | 0.0 | 3.5 | -1.0 | 17.9 |
Romania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.49 | 0.23 % | Dec 31 |
| Exchange Rate | 4.26 | -0.34 % | Dec 31 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a 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 activity falls at sharpest rate since June 2020 in April
June 14, 2022
Industrial output nosedived 8.7% year on year in April (March: -1.9% yoy).
-
Romania: Inflation increases in May
June 10, 2022
Consumer prices rose a seasonally-adjusted 1.18% in May over the previous month, slowing down from April's 3.74% increase.
-
Romania: Industrial activity deteriorates in March
May 13, 2022
Industrial output declined 1.6% in year-on-year terms in March, which contrasted February's 0.7% increase.
-
Romania: NBR speeds up policy tightening with sixth consecutive rate hike in May
May 10, 2022
At its meeting on 10 May, the National Bank of Romania (NBR) raised the policy rate to 3.75% from April’s 3.00%, thus marking the sixth successive hike.
-
Romania: Industrial output grows in February
April 13, 2022
Industrial output increased 0.6% compared to the same month a year earlier in February, following January's 0.4%.
© Copyright: 2022. | Romania Investment | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
