{"id":5462,"date":"2025-06-16T07:00:24","date_gmt":"2025-06-16T07:00:24","guid":{"rendered":"https:\/\/ofero.news\/?p=5462"},"modified":"2025-06-16T07:00:24","modified_gmt":"2025-06-16T07:00:24","slug":"romanias-ca-deficit-up-46-y-y-to-9-4-of-gdp-in-year-to-april","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=5462","title":{"rendered":"Romania\u2019s CA deficit up 46% y\/y to 9.4% of GDP in year to April"},"content":{"rendered":"<p>The current account (CA) deficit in the 12 months to April 2025 increased by 46% y\/y and reached EUR 33.4 billion, according to data <a href=\"https:\/\/www.bnro.ro\/page.aspx?prid=26460&amp;mc_cid=852dea6113&amp;mc_eid=607bd7d763\" target=\"_blank\">published<\/a> by the National Bank of Romania (BNR) on June 13.<\/p>\n<p>The CA deficit to GDP ratio reached 9.4%, from 7.1% in April 2024 and 8.4% in 2024.<\/p>\n<p>All the main elements of the CA balance have deteriorated in the 12 months to April compared to the previous 12 months \u2013 even the surplus of services has decreased by 6% y\/y to EUR 11.8 billion.<\/p>\n<p>The trade deficit in goods, at EUR 35.5 billion over the 12 months to April, has widened by 21% year-over-year (y\/y), or EUR 6.9 billion, accounting for the largest part of the EUR 10.4 billion CA deterioration in the country\u2019s external balance.<\/p>\n<p>Notably, the surplus in the secondary account \u2013 which stands for transfers to the household or government sectors \u2013 has nearly vanished (-99% y\/y) to a symbolic EUR 31 million from EUR 2.5 billion in the previous 12 months. Particularly the inflows to the government sector contracted by 66% y\/y as the absorption of EU funds remains modest, and the outflows to the household sector rose by 10% y\/y as the number of foreign workers sending money back home is slightly but constantly increasing.<\/p>\n<p>The wage remittances declared as such brought Romania a net EUR 3.5 billion (-5.6% y\/y) in the 12 months to April, as outflows remained below EUR 0.5 billion (+6.0% y\/y). But, also in the category of primary incomes, the net outflows generated by foreign investments increased by 7.8% y\/y to EUR 15.6 billion in the 12-month period, mainly driven by the EUR 11.8 billion dividends generated by the foreign direct investment (FDI companies) \u2013 with a capital of some EUR 125 billion. The interest generated by the portfolio investments surged by nearly 40% y\/y to nearly EUR 4.0 billion.<\/p>\n<p>(Photo: <a href=\"https:\/\/www.dreamstime.com\/\" target=\"_blank\">Dreamstime<\/a>)<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The current account (CA) deficit in the 12 months to April 2025 increased by 46% y\/y and reached EUR 33.4 billion, according to data published by the National Bank of Romania (BNR) on June 13. The CA deficit to GDP ratio reached 9.4%, from 7.1% in April 2024 and 8.4% in 2024. All the main [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5462","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/5462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5462"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/5462\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}