Macroeconomic imbalances remain a concern
B3
SENSITIVE RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in January 2024.
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GDP |
|
|
Population |
|
|
Form of state | Republic | |
Head of government | Marcel CIOLACU (Prime Minister) | |
Next elections | 2024, presidential and legislative |
- EU membership and fairly good international relations
- Competitive industrial sector
- Low unemployment
- Adequate business environment
- Government instability
- Lack of structural reforms in key economic sectors
- Weak public finances
- Large annual current account deficits, with modest coverage through net FDI inflows
- High external debt burden
Trade structure by destination/origin
(% of total, annual 2022)
Exports | Rank | Imports |
---|---|---|
Germany
19.8%
|
1 |
17.8%
Germany
|
Italy
10.1%
|
2 |
8.2%
Italy
|
Hungary
7.3%
|
3 |
7.1%
Bulgaria
|
France
6.0%
|
4 |
6.5%
Hungary
|
Bulgaria
3.9%
|
5 |
5.9%
Poland
|
Trade structure by product
(% of total, annual 2022)
Exports | Rank | Imports |
---|---|---|
Electrical machinery, apparatus and appliances, n.e.s.
14.8%
|
1 |
9.0%
Electrical machinery, apparatus and appliances, n.e.s.
|
Road vehicles
14.2%
|
2 |
8.0%
Road vehicles
|
Other industrial machinery and parts
5.7%
|
3 |
7.0%
Petroleum, petroleum products and related materials
|
Cereals and cereal preparations
5.1%
|
4 |
4.6%
Iron and steel
|
Iron and steel
4.5%
|
5 |
4.6%
Other industrial machinery and parts
|
Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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