Country Report Romania

Only a modest recovery, and downward risks remain

• A moderate 1.7% GDP growth in 2011, as IMF-led fiscal consolidation hurts domestic demand.

• The private sector recovers only slowly from its heavy debt burden.

• Romania's sovereign debt service record is excellent, and the country still quite easily taps capital markets.

• However, the exchange rate remains strongly vulnerable to adverse market sentiment.

• A sudden currency plunge would again increase the credit risk of the (foreign currency indebted)corporate/banking sectors.

Real GDP growth (%)

Source: EIU / IMF

Fiscal balance (% of GDP)

 Source: EIU / IMF

   Download full country report on Romania

Download full country report on Romania

 
General Information

Capital: Bucharest
Government type: Republic
Currency: Leu (RON)
Population: 21.9 million
Status: Upper middle income country
(GDP/capita: US$8,362 in 2011)
 
Main import sources (2010)

• Germany: 16.7%
• Italy: 11.6%
• Hungary: 8.7%
• France: 5.9%
• China: 5.5%

Main export markets (2010)

• Germany: 18.1%
• Italy: 13.8%
• France: 8.3%
• Turkey: 6.9%
• Hungary: 4.8%

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Date: October 2011