Romania’s CA deficit hits 7.8% of GDP in 12 months to September, after 26% y/y advance
Romania’s current account (CA) deficit has widened by 26% y/y to EUR 26.3 billion in 12 months to September 2024, according to data published by the National Bank of Romania (BNR). It was a new record after the costly energy imports pushed…
iulian ernst · Journalist
· Updated · 2 min read
Romania’s current account (CA) deficit has widened by 26% y/y to EUR 26.3 billion in 12 months to September 2024, according to data published by the National Bank of Romania (BNR). It was a new record after the costly energy imports pushed up the CA gap in 2022 after the onset of the war in Ukraine.
The CA deficit to GDP ratio reached 7.8%, to be further revised downwards after the Q3 GDP data is released. Based on the same calculation, the ratio was 7.0% as of September 2023 (further revised to 6.7%)
