The National Bank of Romania published Romania’s balance of payments and external debt statistics for December 2025, showing that the current account deficit for January–December 2025 (provisional) widened to EUR 30,127 million from EUR 28,853 million in January–December 2024. Over the same period, total external debt increased by EUR 23,837 million to EUR 227,347 million at 31 December 2025. Within the current account, the goods balance deficit narrowed by EUR 637 million and the services surplus increased by EUR 369 million, but the primary income deficit widened by EUR 1,861 million and the secondary income surplus fell by EUR 419 million. Non-residents’ direct investment in Romania totalled EUR 8,153 million (EUR 6,185 million in net equity participation including estimated reinvested earnings and EUR 1,968 million in net intra-group lending). External debt comprised EUR 179,431 million in long-term debt (78.9% of total, up 14.8% versus 31 December 2024) and EUR 47,916 million in short-term debt (21.1% of total, up 1.6%), while the long-term external debt service ratio fell to 17.2% in 2025 from 21.5% in 2024. At 31 December 2025, international reserves covered 6.0 months of imports of goods and services (5.7 months at end-2024), and the foreign exchange reserves coverage of short-term external debt on a residual maturity basis was 104.8% (103.6% at end-2024). The next monthly balance of payments and external debt release is scheduled for 17 March 2026.
National Bank of Romania 2026-02-16
National Bank of Romania reports Romania’s 2025 current account deficit widened to EUR 30.127bn as external debt rose to EUR 227.347bn
The National Bank of Romania reported the current account deficit for January–December 2025 widened to EUR 30,127 million from EUR 28,853 million in the previous year, with total external debt rising by EUR 23,837 million to EUR 227,347 million. The goods balance deficit narrowed, and the services surplus increased, but the primary income deficit and secondary income surplus worsened. Long-term external debt rose significantly, while international reserves covered 6.0 months of imports, up from 5.7 months at the end of 2024.