Trade Balance in Romania

Romania Trade Balance | Economic News & Forecasts

Romania - Trade Balance

Detailed data shows that GDP growth inched up in the second quarter, sustained by a robust expansion in consumer spending and a less negative contribution from the external sector. That said, the increase in private consumption was the weakest since Q4 2016. Moreover its pace of expansion decelerated for the third consecutive quarter, while fixed investment contracted, highlighting serious difficulties in the absorption of EU funds. Meanwhile, available figures for the third quarter suggest the economy has shifted into a lower gear from the impressive growth rates recorded in 2017. The healthy but decelerating retail sales growth in July indicates consumer spending has likely continued to increase, supported by a tight labor market but eroded by stubbornly high inflation. In the same month, construction output plunged in annual terms, which bodes poorly for fixed investment. Moreover, data for January–August shows that the budget deficit ballooned from last year, making negotiations with the European Commission on deficit containment more difficult.

Romania - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-7.5  -8.3  -9.4  -11.0  -14.8  

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Romania Trade Balance Chart

Romania Trade
Note: Trade balance in USD billion.
Source: National Bank of Romania.

Romania Facts

Bond Yield5.050.23 %Oct 12
Exchange Rate4.02-0.34 %Oct 12
Stock Market8,394-0.59 %Oct 12

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