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Top macroeconomic indicators of Romania

Ana Sabiescu, 19 Aug 2009
Romanian version

Romania’s economy is experiencing a severe recession and despite the signs that the worldwide crisis was drawing to a close, the country registered a deep contraction. Wall-Street lists the top 12 most important macroeconomic indicators to gage first-half economic activity.

Slide 1 / 13
 
  • Imports – 17.9 bn euros (-36.6%)
  • Exports – 13.5 billion euros (-20.3%)
  • Foreign direct investments – 2.89 billion euros (-43%)
  • Current account gap – 2.37 billion euros (-73.3%)
  • Budget gap – 3.4 bn euros (-2.9% of GDP)
  • Public debt – 43 billion euros (+25%)
  • Exchange rates – 15.45% up YoY
  • Industrial output - 10.8%
  • Inflation -  5.06% in July
  • Jobless rate – 6.3% in July
  • Average earnings - 325 euros
  • Gross Domestic Product – down 7.6% in H1
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Imports – 17.9 bn euros (-36.6%)

Imports – 17.9 bn euros (-36.6%)
The country’s imports contracted by 36.6% in the six months through June this year, down to 17.903 billion euros.

The key drivers behind the sharp decline were the devaluation of the local currency against euro as well as the reduction of imported goods demand.

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