Unemployment in Romania

Romania Unemployment | Economic News & Forecasts

Romania - Unemployment

Following a record GDP drop in Q2, available data points to a gradual recovery in Q3. Industrial output fell less steeply in August, improving for the fourth month running. This, coupled with a softer drop in merchandise exports in July–August and stronger economic sentiment in Q3 compared to Q2, hints at a pickup in private sector activity. Less positively, surging Covid-19 cases prompted authorities to extend the state of alert on 15 October for a month and introduce new restrictions in Bucharest, boding ill for the recovery in Q4. In politics, polls indicate that the ruling pro-market PNL party is leading the race in the run-up to December’s general elections, although it is unlikely to secure an absolute parliamentary majority. Lastly, on 30 October, Fitch Ratings affirmed the country’s BBB- rating with a negative outlook, citing its moderate public debt.

Romania - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate6.8  5.9  5.0  4.2  3.9  

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Romania Unemployment Chart

Romania Unemployment
Note: Unemployment in % of active population.
Source: National Institute of Statistics.

Romania Facts

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

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