Romania’s November current account data consistent with full-year 8%-of-GDP deficit
Romania’s current account (CA) deficit reached EUR 29.9 billion in 12 months to November 2025, which is 7.1% more compared to the previous 12-month period. Currently at 8.2% of the latest available GDP data, the CA is likely to reach 8.0%…
iulian ernst · Journalist
· Updated · 2 min read
Romania’s current account (CA) deficit reached EUR 29.9 billion in 12 months to November 2025, which is 7.1% more compared to the previous 12-month period. Currently at 8.2% of the latest available GDP data, the CA is likely to reach 8.0% of GDP in 2025 after the full-year GDP is published – marginally down from 8.2% in 2024.
The moderate improvement in the CA balance mirrors the slight fiscal consolidation: the public deficit, largely responsible for the CA gap, has narrowed marginally from 8.65% of GDP in 2024 to 8.4% or possibly less in 2025. Further fiscal consolidation, but also subdued demand for consumption from the households, are likely to further improve the country’s chronic external imbalance.
