Romania’s current account deficit shrinks by 12% y/y in January-April

Romania's current account (CA) deficit narrowed by 12% y/y to EUR 7.98 billion in the first four months of 2026, from EUR 9.1 billion in the same period a year earlier, according to data published by the National Bank of Romania (BNR). The deficit-to-GDP ratio for the first four months of the year dropped to 2.1%, down from 2.5% in the same period last year – in line with the state forecasting body’s expectations for a 1.2 percentage point contraction in the country’s CA deficit from 7.9% in 2025 to 6.7% this year (and 6.0% in 2029).

The improvement was mainly driven by a smaller trade deficit and a higher surplus in services. The deficit in trade in goods declined by almost EUR 700 million to EUR 10.4 billion, while the surplus generated by services increased to EUR 4.8 billion.