Romania - External balance on goods and services

External balance on goods and services (current US$)

The latest value for External balance on goods and services (current US$) in Romania was ($11,102,540,000) as of 2020. Over the past 30 years, the value for this indicator has fluctuated between ($620,846,000) in 1994 and ($27,569,570,000) in 2008.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1990 ($3,686,364,000)
1991 ($1,140,790,000)
1992 ($2,112,083,000)
1993 ($1,310,526,000)
1994 ($620,846,000)
1995 ($1,883,423,000)
1996 ($2,905,612,000)
1997 ($2,422,991,000)
1998 ($3,255,408,000)
1999 ($1,671,819,000)
2000 ($1,990,649,000)
2001 ($3,117,133,000)
2002 ($2,618,484,000)
2003 ($4,482,350,000)
2004 ($6,851,457,000)
2005 ($10,130,900,000)
2006 ($14,815,020,000)
2007 ($24,587,700,000)
2008 ($27,569,570,000)
2009 ($11,187,220,000)
2010 ($11,027,500,000)
2011 ($10,797,580,000)
2012 ($9,021,481,000)
2013 ($1,721,266,000)
2014 ($842,260,900)
2015 ($1,462,541,000)
2016 ($1,963,811,000)
2017 ($5,227,440,000)
2018 ($8,241,577,000)
2019 ($10,298,500,000)
2020 ($11,102,540,000)

External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Romania was -47,119,200,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of -8,110,000 in 1990 and a minimum value of -69,445,000,000 in 2008.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1990 -8,110,000
1991 -8,670,000
1992 -50,690,000
1993 -99,600,000
1994 -102,750,000
1995 -382,900,000
1996 -895,800,000
1997 -1,736,800,000
1998 -2,889,500,000
1999 -2,563,400,000
2000 -4,321,500,000
2001 -9,058,700,000
2002 -8,655,400,000
2003 -14,881,400,000
2004 -22,361,100,000
2005 -29,518,400,000
2006 -41,615,400,000
2007 -59,952,200,000
2008 -69,445,000,000
2009 -34,113,200,000
2010 -35,044,300,000
2011 -32,917,500,000
2012 -31,288,300,000
2013 -5,728,200,000
2014 -2,820,900,000
2015 -5,858,500,000
2016 -7,971,500,000
2017 -21,184,200,000
2018 -32,485,000,000
2019 -43,644,000,000
2020 -47,119,200,000

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Romania was -4.464 as of 2020. Its highest value over the past 30 years was -0.421 in 2014, while its lowest value was -14.084 in 2007.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1990 -9.453
1991 -3.934
1992 -8.407
1993 -4.971
1994 -2.064
1995 -5.031
1996 -7.866
1997 -6.811
1998 -7.808
1999 -4.650
2000 -5.344
2001 -7.717
2002 -5.684
2003 -7.754
2004 -9.139
2005 -10.290
2006 -12.141
2007 -14.084
2008 -12.864
2009 -6.426
2010 -6.631
2011 -5.890
2012 -5.287
2013 -0.902
2014 -0.421
2015 -0.823
2016 -1.044
2017 -2.469
2018 -3.413
2019 -4.121
2020 -4.464

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts