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Economic Survey of Romania 2026 - Presentation

Page 1


Poursuivre les efforts de réforme pour soutenir la convergence économique

Bucarest 16 Mars 2026

https://oe.cd/romania

Romania has achieved strong convergence towards OECD average living standards

Note: US dollars are expressed in constant purchasing power parities, with reference year 2020. OECD Central and Eastern Europe is an unweighted average of Czechia, Hungary, Poland, the Slovak Republic and Slovenia.

Source: OECD National Accounts database.

GDP growth is expected to recover gradually

Source: OECD Economic Outlook database.

Addressing fiscal challenges

Fiscal sustainability requires further fiscal consolidation beyond 2026

General government debt, Maastricht definition % of GDP

Note: In the “Current path” scenario, the structural primary deficit is based on the OECD Economic Outlook database until 2027, and the OECD Long-Term Model thereafter, adding the projected changes in ageing costs based on the EU Ageing Report 2024. The “Prudent path under fiscal rules” scenario assumes additional consolidation of the structural primary balance relative to the “Current path” trajectory, in line with Romania’s medium-term fiscal plan agreed with the European Union. This corresponds to further fiscal consolidation of 4.25% of GDP between 2027 and 2031 compared to the “Current path”, leading to a surplus of 1.7% of GDP by 2031, which is maintained thereafter. The 2025 and 2026 numbers for government debt are estimates.

Source: OECD calculations based on OECD Economic

and Long-Term Model; EU Ageing Report 2024.

Current path
Prudent path under fiscal rules

Tax compliance needs to be strengthened through improved digitalisation and tax audits

Value-added tax compliance gap

2024 or latest available, % of estimated total value-added tax liability

Note: The value-added tax compliance gap measures the difference between the value-added tax revenue that would be collected if there were full compliance and actual value-added tax receipts. It covers revenues lost due to fraud and evasion, insolvencies, administrative errors and legal tax optimisation.

Strengthening competitiveness

Global

integration advances but domestic firms could be better integrated into global supply chains

Note: EU is an unweighted average. Data exclude goods exports from unknown owners.

Source: Eurostat.

Further streamlining business licensing would foster business dynamism

Product market regulation

2023/2024, Index, scale 0-6 from least to most restrictive

Note: Indicator value from 0 to 6, which increases in the stringency of the regulatory environment. OECD and EU are unweighted averages.

Source: OECD-World Bank Group Product Market Regulation database.

Enhancing teacher training and modernising curricula with a stronger focus on digital skills could boost education outcomes

Note: OECD is an unweighted average. Enrolment rate is the total number of students of the official age group for a given level of education who are enrolled in any level of education, expressed as a percentage of the corresponding population.

Source: World Bank-UNESCO Institute for Statistics Education Survey.

Promoting higher workforce participation

Healthier ageing would help workers stay productive and

Stronger return-to-work incentives after giving birth would raise women’s employment

Improving access to quality vocational education and jobrelevant training can boost employment of young people

Share of 15-29 year olds not in employment, education or training 2024 or latest

Enhancing resilience to climate change

Exposure to

climate change is high, especially in relation to floods, heatwaves and droughts

Share of land exposed to river flooding with a 100-year return period 2022, %

Note: A return period is the average or estimated time that a specific hazard is likely to recur. Source: OECD River flooding

https://oe.cd/romania

Disclaimers: The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

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