Trade Balance in Romania

Romania Trade Balance | Economic News & Forecasts

Romania - Trade Balance

A detailed breakdown confirmed that year-on-year GDP growth cooled in the third quarter, amid softer increases in both domestic and external demand. Underlying momentum seemingly remained subdued in the final quarter of last year, according to available data. Retail sales dropped in monthly terms in October amid rising Covid-19 infections, and stubbornly high inflation in November likely continued to weigh on household spending. Moreover, industrial production fell in monthly terms in October, restrained by protracted supply shortages. However, household spending could have benefited at the tail end of the quarter from the easing of restrictions in early December. Meanwhile, President Klaus Iohannis endorsed the 2022 state budget in late December, after approval from parliament. The budget projects a deficit of 5.8% of GDP for 2022 and includes a freezing of public wages and compensation for all state employees.

Romania - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-9.4  -11.0  -14.8  -17.6  -19.7  

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Romania Trade Balance Chart

Romania Trade
Note: Trade balance in USD billion.
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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