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Romania Debt to GDP Ratio

Romania's government debt to GDP ratio hit a record 54.8% in 2024, up from 48.9% in 2023. This increase stems from a 9.3% budget deficit, nearly three times the EU average. Higher spending on wages and pensions, alongside slower revenue growth, fueled the deficit. Increased borrowing to finance this gap raised the debt-to-GDP ratio. Romania's record low government debt to GDP was 6.6% in 1995 and record high was 54.8% in 2024.

Yearly Historical Data (1995-2024)

(in %)
Year Debt to GDP Ratio
2024 54.8%
2023 48.9%
2022 47.9%
2021 48.3%
2020 46.6%
2019 35%
2018 34.4%
2017 35.3%
2016 37.8%
2015 37.7%
2014 39.1%
2013 37.8%
2012 35.4%
2011 32.3%
2010 29%
2009 21.8%
2008 12.3%
2007 11.9%
2006 12.4%
2005 15.9%
2004 18.9%
2003 22.1%
2002 24.8%
2001 25.9%
2000 22.5%
1999 21.7%
1998 16.8%
1997 15.1%
1996 10.6%
1995 6.6%
Romania Debt to GDP Ratio : Definition
Romania's government debt to GDP shows its debt relative to its economic output. It's calculated by dividing total government debt by gross domestic product. A higher ratio suggests greater difficulty repaying debt.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -7.5% -7% Dec'24
Interest Rate 6.5% 6.5% Oct'25
Private Credit (% GDP) 22.72% 23.05% 2024