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Romania’s foreign debt up 15% y/y at end-Sept, yet indebtedness eases

November 20, 2023

The external debt of Romania increased by 15% y/y to EUR 161.3 billion at the end of September 2023, according to data published by the National Bank (BNR). 

The debt-to-GDP ratio, however, decreased to 52.8% from 53.7% in September 2022 and 58.0% in September 2021.

The decrease in the country’s indebtedness metric, despite the notable advance in the nominal external debt, was possible thanks to the leap marked by the nominal GDP (+17.3% y/y for the 12-month GDP as of June...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/romania-foreign-debt-september-2023
Read in full - click here
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