Romania’s CA deficit shrinks by some 1.1pp y/y to 7.6% of GDP in 12 months to May

16 July 2026 Romania’s current account deficit in the 12 months to May contracted by 7.6% y/y to EUR 29.2 billion, with the contraction rate softening to 5.4% y/y in January-May, according to data published by the National Bank of Romania (BNR). The CA deficit to GDP ratio decreased even faster, due to the nominal increase of the GDP, to some 7.6% in 12 months to May from 8.7% in the previous 12-month period. The 12-month rolling CA deficit demonstrates slight nominal contraction since mid-2025, when the fiscal measures have restricted public and private demand -- after a visible widening trend seen over the previous 18 months during 2024 and the first half of 2025, when the general government deficit peaked at 9% of GDP. The state forecasting body, under its latest projection issued in Fe