Romania's current-account deficit widens to 7.8% of GDP in July 2026

Romania’s rolling 12-month current-account (CA) deficit expanded to €30.5 billion, representing 7.8 % of GDP in July 2026, up from €28.3 billion (7.3 % of GDP) two months earlier and higher than the €31.6 billion recorded in May 2025. July also saw the country register its biggest monthly CA deficit ever, €3.135 billion. The overall deterioration was driven by the primary and secondary income accounts, as the balance of goods and services continued to improve, narrowing from €22.1 billion to €19.4 billion over the year.

Primary income outflows—dividends on foreign direct investment, interest on external debt and net wage remittances—rose sharply, widening that deficit by €2.75 billion to €10.8 billion, while the secondary income balance slipped by €1.16 billion into a €300 million deficit. Foreign direct investment inflows collapsed from €7.8 billion in February to €3.9 billion in July, the lowest level since the COVID-19 pandemic.