Revised data from the National Institute of Statistics puts real GDP growth in 2025 at 0.70%, while Q4 2025 contracted by 1.5% year-over-year. On a quarterly basis, economic activity declined in Q4 2025 to 1.9% quarter-over-quarter, seasonally adjusted, confirming a loss of momentum at the end of the year. Unemployment remains stable at 6.00%.
The government budget balance closed with a deficit of -0.70% of GDP in February (cash basis), less than half the deficit recorded in February 2025 (-1.58% of GDP). Economic confidence fell to a low of 92.00 points in March, below the trend.
The EUR/RON exchange rate remained stable at around 5.09 in March for the sixth consecutive month. The National Bank of Romania kept the policy rate unchanged at 6.50%, while short-term money market conditions (ROBOR 3M) rose slightly to 5.87% in March (monthly average). The trade deficit was -2.33 billion euros in January, down 15.5% compared with the deficit in January 2025.
