Trade Balance in Romania
Romania - Trade Balance
Flash estimates for annual GDP growth in Q1 indicate that the economy beat market expectations, growing more than twice as fast as in Q4. A breakdown of the reading is not yet available. This said, fairly upbeat retail sales and economic sentiment in the quarter suggest household spending may have held up better than expected; the lifting of Covid-19 restrictions in March likely boosted activity. Meanwhile, industrial production contracted in annual terms in Q1, plagued by supply-chain disruptions which were compounded by the war in Ukraine. Turning to Q2, the government support to households and SMEs, and resilient economic sentiment, are likely playing a losing game against conflagratory inflation and tighter monetary policy. On 24 May, the European Commission presented a report calling for Romania’s admission into the Schengen zone—which would boost long-term growth prospects.Romania - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -9.4 | -11.0 | -14.8 | -17.6 | -19.7 |
Romania Trade Balance 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 dips in November
January 13, 2023
Industrial output slid 3.4% compared to the same month of the previous year in November, which contrasted October's 0.7% increase.
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Romania: Inflation comes in at highest level since March 2003 in November
December 13, 2022
Inflation came in at 16.8% in November, which was up from October’s 15.3%.
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Romania: Industrial output growth slows in October
December 13, 2022
Industrial output expanded 0.7% in year-on-year terms in October, which was a deterioration from September's 1.6% increase.
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Romania: GDP records fastest expansion since Q3 2021 in the third quarter
December 7, 2022
According to a second estimate, GDP growth accelerated to 4.7% year on year in the third quarter, from 3.9% in the second quarter.
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Romania: Economic growth speeds up in Q3, but downward revisions take the shine off the H1 performance
November 15, 2022
According to a preliminary estimate, growth picked up in the third quarter, with GDP expanding 4.7% on an annual basis (Q2: +3.9% year on year).
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