Trade Balance in Romania

Romania Trade Balance | Economic News & Forecasts

Romania - Trade Balance

Economic growth accelerated in the third quarter, likely due to rising public spending. Data for the January-September period, for example, shows that the budget deficit more than doubled year-on-year, mainly due to public salary hikes. The widening deficit, together with the government’s wage and pensions hike plans, prompted the IMF at the end of its November staff visit to suggest that the country undertake substantial fiscal consolidation. In mid-November, Fitch Ratings also cited both points as risks to future macroeconomic stability, although nevertheless affirmed Romania at BBB-, with a stable outlook due to moderate levels of government debt. On 19 November, Prime Minister Viorica Dancila announced a government reshuffle, likely the result of an internal party struggle. The move is expected to give Liviu Dragnea, leader of the ruling Social Democratic Party and kingmaker of Romania’s government, a tighter grip over the cabinet.

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 Yield4.840.23 %Dec 11
Exchange Rate4.09-0.34 %Dec 11
Stock Market8,581-0.59 %Dec 11

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