Rising macroeconomic imbalances are a concern

B3

SENSITIVE RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in December 2022.

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GDP
USD284bn (World ranking 45, World Bank 2021)
Population
19.1mn (World ranking 62, World Bank 2021)
Form of state Republic
Head of government Nicolae CIUCA (Prime Minister)
Next elections 2024, presidential and legislative
  • EU membership and fairly good international relations
  • Competitive industrial sector
  • Adequate business environment
  • Government instability
  • Arrears of state-owned enterprises
  • Banking sector vulnerabilities
  • High private-sector debt (notably in foreign currency)
  • Rapidly rising current account deficit, while net FDI inflows are declining
  • High external debt burden

Trade structure by destination/origin

(% of total, annual 2021)

Exports Rank Imports
Germany 20.5%
1
20.2% Germany
Italy 10.4%
2
8.9% Italy
France 6.4%
3
6.9% Hungary
Hungary 5.7%
4
6.2% Poland
Poland 4.0%
5
5.5% China

Trade structure by product

(% of total, annual 2021)

Exports Rank Imports
Electrical machinery, apparatus and appliances, n.e.s. 16.1%
1
11.1% Electrical machinery, apparatus and appliances, n.e.s.
Road vehicles 14.6%
2
8.5% Road vehicles
Other industrial machinery and parts 6.6%
3
5.3% Other industrial machinery and parts
Cereals and cereal preparations 5.2%
4
5.1% Petroleum, petroleum products and related materials
Iron and steel 4.9%
5
4.6% Iron and steel
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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