Romania’s current account deficit up 1.5% y/y to EUR 30.5 mln in 12 months to June

Romania’s current account (CA) deficit has more than doubled to EUR 2.96 billion in June on higher imports and dividend outflows, bringing the rolling 12-month deficit to EUR 30.5 billion – 1.5% more compared to the previous 12-month period, according to data published by the National Bank of Romania (BNR). The CA deficit to GDP ratio has, however, decreased to 7.9% in the 12 months, subject to revision upon Q2 GDP release, from 8.3% in the previous 12-month period.

The country’s rolling 12-month CA deficit has dropped in June-July 2025 after the local currency weakened versus the euro in May amid a stable exchange rate over the past years. The fiscal consolidation, inter alia via lower private consumption, maintained pressure on the country’s chronic CA deficit since then.