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Wall-Street » Top macroeconomic indicators...

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Top macroeconomic indicators of Romania

Ana Sabiescu, 19 Aug 2009
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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 3 / 12
 
  • 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
 

Foreign direct investments – 2.89 billion euros (-43%)

Foreign direct investments – 2.89 billion euros (-43%)
FDI inflow fell sharply in the first six months this year, by 42.98% to 2.894 billion euros as compared to 5.076 bn euros in prior-year period.

The drastic decline in FDI flowing into Romania was largely due to a reduction of foreign investors’ confidence in the country’s economic performance, after two rating agency have cut the nation’s rating to junk or non-investment grade.

In the first half this year, foreign direct investments of non-residents in Romania have fully financed the current account gap.

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