household debts in Romania

Gross debt in Romania

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Romania in the period from 1998 to 2021 was between 5.4 billion and 137.9 billion USD. The highest level of the last years at 138 billion US Dollar was reached in 2021. The budget deficit in the same year was 20.2 billion USD.

Based on the number of inhabitants, this is a debt of 7,214 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearRomania totalRomania per capitaEU per capita
19985.39 bn USD240 USD14,079 USD
19996.96 bn USD310 USD14,032 USD
20006.96 bn USD310 USD11,232 USD
20019.78 bn USD442 USD11,255 USD
200210.17 bn USD468 USD12,258 USD
200311.66 bn USD541 USD15,286 USD
200414.64 bn USD682 USD17,595 USD
200515.42 bn USD723 USD18,327 USD
200615.80 bn USD746 USD18,877 USD
200719.32 bn USD925 USD20,898 USD
200824.35 bn USD1,186 USD24,086 USD
200938.07 bn USD1,869 USD25,361 USD
201048.69 bn USD2,405 USD26,496 USD
201161.16 bn USD3,036 USD29,231 USD
201263.53 bn USD3,167 USD28,174 USD
201370.96 bn USD3,551 USD29,981 USD
201477.70 bn USD3,903 USD30,648 USD
201566.01 bn USD3,331 USD25,918 USD
201669.50 bn USD3,528 USD26,261 USD
201772.93 bn USD3,723 USD27,024 USD
201883.70 bn USD4,298 USD28,448 USD
201987.42 bn USD4,513 USD27,168 USD
2020117.28 bn USD6,088 USD30,783 USD
2021137.92 bn USD7,214 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Romania       European Union

Budget deficit in Romania

household debts in RomaniaThe budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget deficit in Romania in the period between 1998 and 2021 varied between 814.64 million euros and 23.27 billion euros. In 2021, Romania reached a balance of -20.18 billion euros.

In ratio to population, this equals a new indebtedness of 1,055 euros per capita in Romania in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.

Budget deficit of the past 23 years

YearRomania totalRomania per capitaEU per capita
1998-1,333.69 M USD-59 USD-398 USD
1999-1,588.79 M USD-71 USD-204 USD
2000-1,752.35 M USD-78 USD112 USD
2001-1,417.47 M USD-64 USD-299 USD
2002-920.07 M USD-42 USD-565 USD
2003-889.35 M USD-41 USD-840 USD
2004-834.66 M USD-39 USD-920 USD
2005-814.64 M USD-38 USD-822 USD
2006-2,626.21 M USD-124 USD-568 USD
2007-4,774.82 M USD-229 USD-360 USD
2008-11,542.99 M USD-562 USD-1,085 USD
2009-15,825.12 M USD-777 USD-2,021 USD
2010-11,507.34 M USD-568 USD-1,970 USD
2011-9,979.53 M USD-495 USD-1,462 USD
2012-6,246.70 M USD-311 USD-1,220 USD
2013-4,017.37 M USD-201 USD-1,027 USD
2014-2,382.27 M USD-120 USD-852 USD
2015-1,089.09 M USD-55 USD-577 USD
2016-4,940.32 M USD-251 USD-423 USD
2017-5,590.32 M USD-285 USD-263 USD
2018-6,860.31 M USD-352 USD-139 USD
2019-10,866.43 M USD-561 USD-197 USD
2020-23,271.18 M USD-1,208 USD-2,312 USD
2021-20,180.29 M USD-1,055 USD-1,787 USD

(negative numbers = deficit)
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