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Garanti Bank sees a GDP growth of 4 pc for Romania in 2017

IIF Report: Romania will have a real GDP by 4pc higher next year against 2018

Romania will have a real GDP of RON 171 billion in 2019, by 4% higher than in 2018 and GDP per capita of USD 12,247, a report by The Institute of International Finance (IIF), quoted by hotnews.ro, informs.

As compared to 2018, in 2019 the real GDP will be by RON 7 billion higher and by RON 14 billion larger than in 2016. Furthermore, the GDP per capita will be in 2018 by USD 661 higher than in 2019.

The IIF estimates increase in public expenditures by 1% and decrease of consumption by 4.5%. Imports of goods and services will increase by 4.9%, exports by 5%.

The agriculture’s share in the GDP will be 6.9% (down by -.1% against 2018), industry’s share will be 21.6% (down by 0.4%), constructions 5.1% (down by 0.1%) and services 66.4% (up by 1.4%).

Regarding the number of employees, the IIF estimates 4.9 million employees, by 100,000 more than in 2018 and by 500,000 more than in 2012. Consequently, the unemployment rate will fall to 2.5%, down from 3.5% this year.

 

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