Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Total population19.47 million19.59 million19.7 million
WDI
A.1.1
Total number of households7.49 million7.48 million7.47 million
Eurostat
A.1.2
Average household size2.62.62.7
Eurostat
A.1.3
Urban population (% of total)54% of total53.94% of total53.9% of total
WDI
A.1.4
Urban population growth (annual %)-.47%-.52%-.55%
WDI
A.1.5
A.2 Economy
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
GDP, current prices (U.S. dollars)239,552 USD (millions)211,407 USD (millions)188,495 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)516,359 USD (millions)484,245 USD (millions)444,236 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)12,269.84 USD 10,761.71 USD 9,538.93 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)26,447.95 USD 24,650.53 USD 22,480.87 USD
WEO
A.2.4
GDP, constant prices (Percent change)4.1%6.99%4.8%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)3.26%3.32%-.53%
WEO
A.2.6
GDP, deflator (Index)132.27124.93119.38
WEO
A.2.7
Consumer price index119.22113.95112.44
WDI
A.2.8
GINI IndexNot available36.0034.40
WDI
A.2.9
Median national annual household income3,806.56 USD 3,038.62 USD 2,681.33 USD
Eurostat
A.2.10
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Unemployed3.3%4%4.8%
National Institute of Statistics
A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rate2.5%1.75%1.75%
IFS
A.2.15.1
Yield on 3 months treasury bills4.27%2.53%2.42%
IFS
A.2.15.2
Yield on 10-year Government bond2.25%.58%.65%
IFS
A.2.15.3
Average bank deposit rate1.3%.89%1.11%
IFS
A.2.15.4
Lending rate6.81%5.56%5.71%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Number of dwelling units:B.1.1
Total9.03 million8.98 million8.93 million
National Institute of Statistics
B.1.1.1
Total Urban4.93 million4.9 million4.87 million
National Institute of Statistics
B.1.1.2
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing47.61 sq.mt47.5 sq.mt47.39 sq.mt
National Institute of Statistics
B.1.3.1
Tenure in urban areas (%):B.1.4
Owner-occupied units95.1% of total95.7% of total95.2% of total
National Institute of Statistics
B.1.4.1
% of owner units with a mortgage  .9% of total
EuroStat
B.1.4.2
Private rental units4.9% of total4.3% of total3% of total
National Institute of Statistics
B.1.4.3
Public / social rental units  1.8% of total
National Institute of Statistics
B.1.4.4
Estimated Number of units completed/yearB.1.5
Formal sector/registered59,713 units53,347 units52,206 units
National Institute of Statistics
B.1.5.1
Number of recorded urban housing transactions/year603592587017521805
Hypostat
B.1.6
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4


back to top | Country Data:
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households
Notes: % of households living rent-free
Notes: % of households living rent-free
Notes: % of households living rent-free
Notes: % of households living rent-free
Notes: % of households living rent-free
Notes: % of households living rent-free
Notes: % of households living rent-free
Notes: % of households living rent-free
Notes: % of households living rent-free
Notes: % of households living rent-free
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010=100
Notes: 2010=100
Notes: 2010=100
Notes: A local land tax is collected from property owners. The rate is applied per square meter and ranges depending on location of property. Nonresidents are also liable to pay rental income tax at a rate of 16%
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: CEC Bank is a state-owned bank that was founded in 1864.
Notes: Central Bank uses prudential guidelines of European Banking Authority
Notes: Includes all fixed rate loans
Notes: Includes all fixed rate loans
Notes: Includes all variable rate loans
Notes: Includes all variable rate loans
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Includes commercial transactions; National figure
Notes: Individuals who sell Romanian property are liable to pay transfer tax, levied on the sales proceeds. The applicable tax rate depends on the property value.
Notes: Individuals who sell Romanian property are liable to pay transfer tax, levied on the sales proceeds. The applicable tax rate depends on the property value.
Notes: On 3/3/16, the law on covered bonds came into force. Therefore, bonds may be a mortgage funding source in the future
Notes: Property tax on residential buildings ranges from 0.08% to 0.20%. There is also a local land tax collected from property owners. The rate is applied per square metre and ranges depending on location of property.
Notes: Property tax ranges from 0.08 to 1.3%, depending on property value and the building's classification. There is also a local land tax collected from property owners. The rate is applied per square metre and ranges depending on location of property.
Notes: Property tax ranges from 0.08 to 1.3%, depending on property value and the building's classification. There is also a local land tax collected from property owners. The rate is applied per square metre and ranges depending on location of property.
Notes: Rental income earned by nonresidents is taxed at a flat rate of 10%.
Notes: Rental income is taxed at a rate of 16% for nonresidents. A 25% deduction is allowed
Notes: Starting from 1 January 2019, NBR Regulation no. 6/2018 sets max DTI of 40% on loans in domestic currency and 20% for those in foreign currency
Notes: The seller of an immovable property is liable to pay transfer tax. The rate varies depending on length of time the seller owned the property and the property value
Notes: The seller of an immovable property is liable to pay transfer tax. The rate varies depending on length of time the seller owned the property and the property value.