Romania’s trade gap narrows by 15% y/y to 9.1% of GDP in 2023

Published by

Romania’s trade deficit (chart) narrowed by 15% year on year to €28.9bn in 2023 and the gap-to-GDP ratio narrowed from 11.9% in 2022 (the widest value in the past decade) to 9.1% in 2023 (preliminary bne IntelliNews estimate), according to data published by the statistics office INS. But December showed a different picture: the widest trade gap (nominally) in the past decade, as well (€3.43bn, +11% y/y). Whether the sudden deterioration of Romania’s external balance in December heralds a change in trends will be shown in the coming months. But it is already clear that the improvement in the tr…

Read More

See also  Trump promoted these drugs nearly 50 times. He abruptly stopped.

Leave a Reply