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Documente Cultură
Grafic 1.1. Estimările privind evoluțiile economiei globale, comerțul global (a) și distribuțiile ratelor de creștere a ec
Chart 1.1. Global economy, international trade estimations (panel a) and the distributions of estimated economic gro
Notă: Valorile pentru anul 2020 sunt valori estimate, iar cele pentru anii 2021 și 2022 sunt prognozate
Note: The values for 2020 are estimations, while those for 2021 and 2022 are forecasted.
VIX Index
Indexul VIX
11.56
11.56
12.04
11.51
12.14
12
11.91
11.47
10.87
10.15
10.15
10.74
10.59
10.85
10.4
10.77
10.34
9.89
11.22
11.13
11.45
10.96
10.42
10.31
10.08
10.55
10.65
10.32
10.44
11.1
11.61
10.34
10.23
10.22
10.02
10.02
10.24
10.2
10.18
10.58
11.15
18.31
15.42
15.82
18.61
19.63
15.96
15.24
14.29
14.09
13.99
18.13
17.27
16.43
16.79
14.59
13.27
12.19
12.93
12.95
13.16
13.48
14.98
15.14
14.64
14.53
13.46
13.24
13.23
13.23
13.14
12.68
13.49
12.71
12.2
11.98
12.14
12.42
12.54
12.07
13.04
13.12
13.21
12.79
12.45
14.22
13.51
13.08
13.09
12.91
13.15
13.21
12.88
13.6
12.95
13.96
14.01
13.5
13.51
12.76
13.3
13.06
13.24
14.08
13.34
13.34
13.53
12.83
13.05
12.78
13.29
13.63
14.87
17.06
14.84
14.71
16.67
14.73
13.64
13.94
13.42
12.85
14.67
14.21
15.75
16.65
18.89
15.53
15.54
16.23
15.4
14.92
14.92
15.48
14.72
15.16
17.57
16.64
15.54
15.15
15.59
15.63
16
15.23
16.95
16.81
18.55
18.1
20.74
24.17
20.87
23.52
23.67
21.22
25.16
22.94
21.56
21.45
26.48
28.3
26.57
27.68
30.67
30.83
29.99
26.33
25.25
22.89
22.62
20.72
22.72
26.3
23.81
25.06
23.38
23.38
22.78
24.58
23.99
26.23
27.38
25.27
24.96
24.76
24.92
26.48
20.35
20.03
20.45
19
19.37
18.6
17.63
17
18
17.84
18.49
18.8
18.44
16.91
17.46
16.12
16.67
18.88
17.73
19.25
20.02
18.54
18.5
22.96
21.64
20.41
20.8
21.17
19.56
19.87
21.07
18.53
23.21
23.01
24.31
21.39
26.49
26.16
28.5
31.09
24.1
25.94
28.06
25.49
26.01
24.88
26.84
26.84
25.61
28.91
26.28
24.11
23.97
22.87
23.61
23.79
22.53
20.96
20.85
20.74
23.59
22.47
22.56
23.27
24.52
22.64
21.68
20.58
18.47
18.6
18.6
18.66
20.26
20.74
22.5
22.5
23.17
22.49
23.94
23.79
25.43
24.12
23.45
23.68
22.9
23.34
24.38
28.46
27.18
27.18
31.01
29.02
27.78
29.08
27.78
27.32
27.62
26.2
24.02
25.99
28.24
28.97
27.66
28.01
27.6
26.33
24.88
25.54
25.02
25.02
25.59
24.4
25.12
24.06
23.03
21.9
22.69
23.53
26.54
26.28
25.52
24.6
27.55
27.49
29.38
26.36
27.22
27.29
31.16
32.24
25.79
29.84
26.62
26.62
25.73
25.72
26.08
25.88
25.71
25.61
22.68
23.43
23.21
22.45
22.42
22.36
22.81
21.98
23.46
23.82
22.78
20.53
20.37
20.13
20.5
20.87
20.26
20.06
19.59
19.64
20.24
20.79
18.88
18.18
18.9
18.21
19.73
19.4
19.41
17.79
17.98
17.66
16.3
16.47
17.01
17.58
18.59
18.05
19.55
19.55
19.64
19.07
18.14
17.83
19.83
20.24
20.8
18.63
23.56
23.12
23.18
24.12
23.33
21.22
20.95
21.13
22.24
21.58
22.87
22.64
22.42
21.14
23.93
23.44
23.95
23.65
25.92
24.78
24.78
25.78
23.15
25.23
25.59
27.49
28.48
28.54
25.1
25.01
24.05
23.05
21.18
21.31
23.44
22.91
24.23
22.03
21.21
22.94
22.57
23.49
21.14
20.23
21.15
20.66
20.12
21.17
21.55
20.34
19.58
20.98
21.28
20.42
19.82
18.81
20.97
20.49
19.76
19.43
20.65
20.65
21.99
21.43
24.03
23.06
22.64
25.47
24.52
24.39
25.66
31.7
30.3
36.22
33.1
32.07
33.85
35.72
35.19
32.82
34.74
46.72
39.39
39.81
45.26
45.14
52.05
53.68
57.53
63.92
69.95
54.99
55.13
69.25
67.61
70.33
52.97
53.11
69.65
67.8
79.13
80.06
66.96
69.96
62.9
59.89
53.68
47.73
54.56
63.68
56.1
59.98
61.44
66.46
59.83
66.31
69.15
67.64
74.26
80.86
72.67
64.7
60.9
54.92
54.92
55.28
68.51
62.98
60.72
63.64
59.93
58.49
58.91
55.73
55.78
54.28
56.76
52.37
49.84
47.34
44.93
44.56
45.02
44.21
44.21
43.38
43.9
41.63
40
40
39.19
39.08
38.56
43.39
42.56
42.82
45.84
43.27
49.14
51
46.11
46.11
56.65
46.42
47.29
47.27
45.69
42.25
39.66
42.63
44.84
45.52
43.06
43.85
43.73
43.37
43.64
46.67
44.53
41.25
42.93
42.93
48.66
48.46
47.08
49.3
52.62
45.49
44.67
44.66
46.35
52.65
50.93
47.56
50.17
49.33
49.68
44.37
43.61
41.18
42.36
43.74
40.8
40.06
43.68
45.89
43.23
42.93
42.25
40.36
41.04
45.54
44.14
42.28
42.04
39.7
40.93
40.39
38.85
36.53
36.53
37.81
37.67
36.17
35.79
33.94
39.18
37.14
38.1
37.15
36.82
38.32
37.95
36.08
36.5
35.3
34.53
33.36
32.45
33.44
32.05
32.87
31.8
33.65
31.37
33.12
30.24
28.8
29.03
31.35
32.63
32.63
30.62
32.36
31.67
28.92
30.04
29.63
31.02
30.18
29.62
29.77
28.27
28.46
28.11
28.15
30.81
32.68
31.54
30.03
27.99
31.17
30.58
29.05
26.36
25.93
25.35
26.35
26.22
27.95
27.95
29
30.85
31.3
29.78
29.02
26.31
25.02
25.89
25.42
24.34
24.4
23.87
23.47
23.43
23.09
24.28
25.01
25.61
25.4
25.92
25.56
24.89
24.9
25.67
24.76
24.99
25.99
25.45
24.71
24.27
27.89
26.18
26.26
25.09
25.01
25.14
24.92
24.95
24.68
24.76
26.01
29.15
28.9
27.1
25.26
25.26
25.62
24.32
23.55
24.15
23.86
23.42
23.69
23.65
23.92
24.06
23.08
23.49
24.95
25.61
24.88
25.19
25.61
28.27
28.68
26.84
25.7
24.68
24.18
23.12
23.01
22.99
22.86
21.72
21.43
21.49
20.9
22.22
20.69
22.27
24.31
24.83
27.91
24.76
30.69
29.78
28.81
27.72
25.43
24.19
23.15
22.84
23.04
24.24
23.36
22.89
22.41
21.63
22.63
22.19
21.16
20.47
20.48
20.48
24.74
24.51
21.92
21.12
22.46
21.25
22.1
23.69
22.66
22.32
21.59
21.15
21.49
20.54
22.51
21.68
20.49
19.54
19.71
19.47
19.47
19.93
20.01
19.96
21.68
21.68
20.04
19.35
19.16
19.06
18.13
17.55
18.25
17.85
17.63
17.91
17.91
17.58
18.68
22.27
27.31
25.41
24.55
23.14
23.73
24.62
22.59
21.48
21.6
26.08
26.11
26.51
26
25.4
23.96
22.73
22.73
22.25
21.72
20.63
20.02
19.94
21.37
20.27
20.1
19.5
19.26
19.06
18.83
18.72
17.42
17.79
17.92
18.57
18.06
17.58
18
17.69
16.91
16.62
16.97
16.87
16.35
17.55
18.4
17.77
17.59
17.13
17.59
17.47
17.47
17.02
16.23
16.62
16.48
16.14
15.58
16.2
15.59
15.89
18.36
17.34
15.73
16.32
16.47
16.62
17.47
22.81
21.08
18.44
22.05
20.19
23.84
24.91
32.8
40.95
28.84
28.32
25.52
26.68
31.24
30.84
33.55
35.32
45.79
40.1
38.32
34.61
35.02
29.68
32.07
32.07
35.54
30.17
29.46
35.48
36.57
33.7
33.73
30.57
28.79
28.58
25.87
25.92
25.05
23.95
24.88
27.05
26.91
29.74
28.53
29
34.13
34.54
32.86
30.12
30.12
29.65
26.84
25.71
24.98
24.43
24.56
24.89
25.14
26.25
25.97
23.93
25.64
24.63
23.47
22.73
23.19
24.25
24.13
23.5
22.01
22.63
22.21
22.1
21.74
22.14
22.37
25.39
25.73
26.24
26.1
24.33
24.59
26.44
25.49
25.66
27.46
26.7
27.37
24.45
27.21
26.05
23.89
23.19
21.31
21.31
23.8
23.25
22.81
21.99
21.21
21.56
22.1
21.72
22.01
21.5
22.35
22.51
23.87
21.71
22.54
22.6
23.25
23.7
22.5
23.53
21.76
21.49
21.56
20.71
18.96
18.93
19.07
19.88
19.03
19.09
20.63
19.79
19.27
18.78
19.85
20.22
20.71
20.88
21.2
21.83
21.57
19.56
18.52
18.26
18.29
19.08
18.47
18.64
20.61
20.2
22.58
21.76
18.75
18.04
18.37
20.63
19.56
19.56
22.22
21.53
23.54
21.36
19.39
18.01
18.02
17.99
17.74
17.25
17.61
17.55
17.61
17.94
17.39
16.11
16.41
16.49
15.45
16.47
16.47
17.67
17.52
17.28
17.52
17.75
17.61
17.38
17.02
17.4
17.14
17.54
16.89
16.24
16.39
15.46
15.46
15.87
17.31
17.99
18.47
17.65
17.59
16.64
16.15
20.04
19.53
17.63
17.3
16.69
15.93
16.28
15.81
15.87
16.09
15.69
15.95
16.37
16.72
16.59
16.43
16.43
20.8
22.13
21.32
19.22
18.35
21.01
20.7
18.6
19.06
20.66
19.82
20.22
21.88
20.08
21.13
24.32
29.4
26.37
24.44
20.61
20.21
19.17
18
17.91
19.44
18.16
17.71
17.74
17.4
17.5
17.25
16.9
17.11
17.87
16.59
17.09
16.92
16.27
15.32
16.96
15.83
15.07
14.69
14.69
15.77
15.62
15.35
14.62
14.75
15.99
16.7
17.08
18.2
18.4
17.16
15.91
16.95
16.03
17.07
18.24
17.55
16.23
15.52
17.43
18.27
17.82
17.07
16.09
15.98
15.98
15.45
18.3
18.09
17.95
18.49
18.07
18.79
17.77
18.86
19.61
18.26
21.32
22.73
21.85
19.99
18.86
18.52
19.29
21.1
20.56
19.17
17.27
16.52
15.87
15.87
16.06
16.34
15.95
15.95
18.39
19.87
19.91
20.8
19.53
20.95
19.21
19.09
17.56
17.52
19.35
20.23
22.98
23.74
25.25
23.66
24.79
23.38
31.66
32
48
35.06
42.99
39
36.36
31.87
32.85
31.58
42.67
43.05
42.44
36.27
35.9
39.76
35.59
32.28
32.89
31.62
31.82
33.92
33.92
37
33.38
34.32
38.52
38.59
36.91
34.6
31.97
30.98
32.73
32.86
37.32
41.35
41.25
39.02
37.71
41.08
38.84
42.96
45.45
40.82
37.81
36.27
36.2
33.02
32.86
31.26
30.7
28.24
33.39
31.56
34.44
34.78
31.32
29.26
32.22
29.86
25.46
24.53
29.96
34.77
32.74
30.5
30.16
29.85
27.48
36.16
32.81
30.04
31.13
31.22
33.51
34.51
32
32.91
31.97
33.98
33.98
34.47
32.13
30.64
27.8
27.41
27.52
27.84
28.13
28.67
30.59
26.38
25.67
25.41
26.04
25.11
24.29
24.92
23.22
21.43
21.16
20.73
20.73
21.91
23.52
22.65
23.4
23.4
22.97
22.22
21.48
20.63
21.07
20.69
21.05
20.47
20.91
20.91
22.2
20.89
19.87
18.28
18.67
18.91
18.31
18.57
18.53
19.4
19.44
18.55
17.98
17.1
17.76
17.65
18.16
18.63
20.79
19.04
19.54
21.14
19.22
17.78
17.78
18.19
18.19
16.8
17.31
18.19
17.96
18.43
17.26
17.29
18.05
20.87
19.07
17.95
17.11
15.64
14.8
15.31
15.42
14.47
15.04
15.58
15.13
15.57
14.82
14.26
15.59
15.47
15.48
15.5
15.64
15.66
16.44
16.7
16.7
18.81
20.39
20.02
17.2
19.55
19.55
18.46
18.64
18.36
17.44
18.97
18.1
16.82
16.24
16.32
17.15
16.6
16.88
17.56
19.16
18.94
19.05
20.08
18.83
19.89
21.87
21.97
22.27
24.49
25.1
22.01
22.48
22.33
21.54
21.76
21.76
21.03
24.14
24.06
26.66
26.12
24.68
22.16
21.72
21.23
23.56
22.09
24.27
21.68
21.11
18.32
18.38
17.24
20.08
18.11
20.38
19.72
19.45
19.71
17.08
16.8
16.66
16.66
17.5
17.1
17.98
18.72
17.95
18.33
16.74
17.11
16.48
16.16
15.45
16.27
18.62
20.47
19.34
17.53
16.7
18.03
18.93
18.96
17.57
15.64
15.95
15.99
15.32
15.28
14.74
13.7
14.85
14.63
14.29
13.45
14.02
15.02
15.11
15.96
15.18
16.35
16.49
17.06
17.83
17.47
17.47
17.98
17.74
15.6
14.38
16.28
16.41
15.8
14.05
14.51
14.59
14.18
13.88
14.07
13.98
14.15
15.43
16.81
14.84
15.73
16.32
15.71
15.43
14.55
14.33
15.11
16.37
16.29
15.59
16.14
15.27
15.22
15.07
15.03
17.06
16.62
18.83
18.33
18.12
17.81
17.81
17.81
18.6
16.69
17.59
18.42
17.58
19.08
18.49
18.61
16.68
16.65
17.92
17.99
16.41
15.24
15.08
15.31
15.31
15.14
15.5
15.92
15.51
15.06
15.87
16.64
17.12
16.46
16.58
15.9
16.05
15.57
15.95
16.56
17
16.34
15.57
17.36
17.67
17.84
17.84
17.84
19.48
19.47
22.72
18.02
18.02
14.68
14.56
13.83
13.79
13.62
13.81
13.49
13.36
13.52
13.55
13.42
13.57
12.46
12.46
12.43
12.46
12.69
12.89
13.57
13.31
14.32
14.28
12.9
14.67
13.72
13.41
13.5
13.02
12.94
12.64
12.98
12.66
12.46
12.46
12.31
14.68
15.22
14.17
18.99
16.87
14.73
15.51
15.36
14.01
13.48
13.53
13.06
12.59
11.56
12.27
11.83
11.3
11.3
13.36
14.39
12.67
13.99
13.57
13.74
12.77
13.15
12.7
12.7
13.58
12.78
14.21
13.89
13.92
13.19
12.84
12.36
12.24
12.06
17.27
13.96
16.51
17.56
14.97
14.39
13.48
13.61
13.62
13.61
13.71
13.52
14.49
13.59
12.85
12.66
12.83
12.66
13.13
12.59
12.55
12.77
12.81
13.07
12.45
13.02
13.37
13.82
14.07
13.99
13.99
14.48
14.83
14.53
16.3
16.28
16.27
17.5
16.63
15.14
15.44
17.07
18.59
16.41
17.15
16.8
16.61
16.64
20.49
18.9
20.11
18.47
17.21
16.86
16.86
16.37
16.44
16.2
16.2
14.89
14.78
14.35
14.21
14.01
13.84
13.79
14.42
13.78
13.77
12.54
12.29
12.66
13.18
12.97
12.72
13.39
13.39
13.45
12.94
11.98
11.84
12.72
12.98
12.73
13.41
12.81
12.31
13.04
14.73
14.37
15.1
14.91
15.94
14.76
13.98
14.99
16.77
16.49
16.81
17.01
17.01
16.61
15.88
15.77
15.85
15.63
14.53
13.82
14.29
14.16
14.38
14.53
13.59
13.16
13.12
14.31
14.08
14.01
14.06
15.46
16.6
15.54
16.6
17.67
16.74
19.41
20.34
19.6
16.48
15.72
16.07
18.66
14.71
13.48
13.04
13.16
13.33
13.42
13.2
13.09
13.31
13.41
13.65
13.75
13.28
12.93
13.27
12.67
13.91
12.9
12.53
12.82
12.52
12.37
12.19
13.1
13.39
13.4
12.66
12.26
12.79
12.81
12.98
12.98
13.7
14.23
14.55
14.7
15.08
13.79
13.49
13.91
15.42
15.54
15.76
16.03
16.21
13.8
14.15
13.79
13.04
12.48
12.48
12.33
12.46
13.56
13.72
13.72
14.23
13.76
13.55
12.92
12.87
12.89
12.14
13.28
12.28
12.28
12.53
12.44
12.44
12.87
12.84
13.77
18.14
17.42
15.8
17.35
17.29
18.41
21.44
19.11
19.95
17.23
15.29
15.26
14.51
14.3
14.14
13.57
13.57
13.87
15.5
14.79
14.68
14.23
13.67
14.35
14.04
14
16
14.1
13.89
14.21
14.11
14.2
14.8
14.47
16.22
17.82
15.64
14.52
15.12
14.52
15
15.09
14.02
14.93
14.62
14.41
13.88
13.1
13.09
13.37
13.96
15.57
14.89
13.82
15.89
17.03
16.11
15.61
14.18
13.36
13.36
13.25
13.19
13.27
13.32
14.06
13.97
13.71
13.41
13.25
12.91
13.29
13.8
13.4
13.43
12.92
12.23
12.13
12.17
13.17
12.44
12.42
12.96
11.91
12.03
11.36
11.36
11.51
11.68
11.57
11.4
11.58
11.87
12.08
11.68
10.73
11.15
10.99
11.6
12.56
12.18
12.65
12.06
10.61
10.62
10.85
10.98
12.13
11.59
11.63
11.26
11.57
11.15
10.82
10.32
10.32
11.33
11.98
11.65
12.59
12.08
11.82
11.96
11
14.54
12.06
12.81
12.24
11.52
11.84
12.69
12.56
13.28
13.33
16.95
17.03
15.12
16.87
16.37
16.66
15.77
14.23
14.13
12.9
12.42
13.15
12.32
12.21
11.78
11.76
11.47
11.7
11.63
11.78
12.05
11.98
11.98
12.25
12.36
12.64
12.09
12.66
13.5
12.88
12.8
13.31
14.12
12.73
12.65
12.03
12.11
13.69
14.93
13.27
15.64
14.85
15.98
16.31
16.71
16.16
14.55
15.46
17.2
15.11
18.76
21.24
24.64
22.79
26.25
25.2
21.99
18.57
16.08
17.87
16.53
16.11
16.04
14.39
15.15
14.52
14.03
14.73
14.89
14.17
13.67
13.12
12.67
12.92
13.02
13.79
13.31
13.99
13.86
13.96
13.58
12.9
12.62
12.25
12.07
12.07
13.33
14.29
12.85
12.47
12.38
11.82
14.21
14.89
18.53
20.08
21.08
20.42
23.57
19.44
16.81
16.49
15.25
14.8
14.37
14.37
14.5
15.06
15.92
19.2
19.2
17.79
19.92
21.12
19.31
17.01
17.55
19.6
20.56
21.48
22.39
20.95
20.95
19.89
18.85
16.4
16.66
15.52
17.22
20.44
18.76
20.97
19.43
17.33
18.33
16.85
17.29
18.55
17.23
16.96
15.34
14.69
14.69
15.8
15.45
15.29
14.3
14.56
13.69
13.84
13.91
13.34
13.04
13.86
14.23
14.04
15.2
15.06
16.69
16.87
15.42
16
15.61
15.66
13.97
14.07
13.02
13.41
13.62
15.44
15.8
15.07
14.51
15.29
15.11
14.67
14.67
14.74
14.78
13.98
13.09
12.58
13.94
13.67
12.84
12.6
13.89
13.3
13.25
12.71
12.48
12.29
13.12
12.41
13.39
14.55
12.7
12.85
14.31
15.15
15.13
12.86
13.85
13.86
13.76
12.74
12.38
12.73
12.85
12.88
12.11
12.13
12.13
14.06
13.27
13.31
13.84
13.97
14.24
13.66
14.71
14.21
15.29
14.47
13.22
12.85
13.78
15.39
14.81
14.5
13.19
13.96
12.74
12.11
13.26
14.01
14.02
18.85
18.23
16.09
16.79
16.79
17.01
16.09
19.66
19.97
16.83
13.9
13.37
13.23
12.11
11.95
12.25
12.22
12.12
12.64
13.74
15.6
13.44
12.5
12.13
12.12
12.56
13
12.51
13.77
13.39
12.23
13.71
13.61
13.49
12.83
13.02
13.79
15.25
19.14
28.03
40.74
36.02
30.32
26.1
26.05
28.43
31.4
26.09
25.61
27.8
27.8
24.9
26.23
24.37
23.2
24.25
22.54
21.35
21.14
22.28
20.14
22.44
22.13
23.47
23.62
27.63
26.83
24.5
22.55
20.94
19.54
19.4
18.4
17.42
17.08
16.17
17.67
18.03
16.05
15.05
14.98
15.75
16.7
14.45
14.46
15.29
15.43
14.33
14.61
15.07
14.15
14.54
15.51
15.05
14.33
16.52
15.29
16.06
18.37
20.08
18.16
18.84
16.85
16.99
15.47
15.62
15.93
15.19
15.19
15.12
16.13
14.67
15.91
18.11
14.81
15.84
17.6
19.61
19.34
24.39
22.73
20.95
17.86
18.94
20.7
18.7
16.6
15.57
15.74
15.74
16.91
16.08
17.29
18.21
18.21
20.7
19.34
20.59
24.99
27.01
24.3
22.47
25.22
23.95
27.02
27.02
26.05
27.59
26.69
22.34
24.15
22.5
23.11
22.42
20.2
19.98
21.98
21.65
21.84
23.38
26
26.54
26.29
28.14
25.4
25.4
24.11
22.31
21.64
20.53
19.38
20.98
20.72
19.11
19.81
20.55
17.7
17.09
16.7
16.86
17.35
18.67
18.34
18.05
16.5
16.92
16.84
14.99
14.44
14.02
13.79
14.17
14.94
14.74
14.74
15.24
13.82
13.56
13.95
13.1
14.12
15.42
14.09
16.16
15.36
16.26
14.85
13.84
13.72
13.62
13.35
13.24
13.28
13.95
13.22
14.08
13.96
13.77
15.22
15.7
14.68
15.6
16.05
15.91
14.72
14.57
13.63
14.69
14.41
15.04
14.68
15.57
15.95
16.33
15.2
15.82
14.42
13.9
13.43
13.12
13.12
14.19
14.2
13.63
13.47
13.65
14.05
14.08
14.64
17.03
20.97
20.5
20.14
19.37
19.41
18.37
18.48
21.17
17.25
25.76
23.85
18.75
16.64
15.63
14.77
14.77
15.58
14.96
14.76
13.2
13.54
13.55
13.04
12.82
12.67
12.44
11.97
11.77
12.74
12.02
12.87
13.05
12.83
12.72
11.87
12.44
13.37
12.86
12.42
11.39
11.5
11.66
12.05
11.68
11.55
11.81
12.64
12.19
11.43
11.34
12.27
12.38
13.45
13.63
13.65
12.94
13.12
13.42
13.48
11.98
11.98
12.02
11.94
12.51
17.5
15.16
17.85
18.14
16.3
15.37
15.53
15.92
13.3
12.02
12.29
14.5
13.1
12.39
14.02
13.29
13.57
13.63
12.99
12.84
13.48
13.38
15.36
15.91
16.69
16.12
16.21
15.28
14.41
13.75
13.34
13.02
13.46
14.24
15.36
16.19
17.06
18.56
19.32
22.08
22.51
18.71
18.74
14.38
14.74
14.17
14.48
13.37
13.72
13.35
12.85
12.42
12.41
12.43
12.43
12.34
13.15
12.9
13.33
14.07
14.12
12.14
11.79
12.22
12.64
11.75
12.64
12.72
13.19
12.79
12.2
11.71
11.45
11.27
11.43
11.44
11.44
11.99
12.95
13.37
14.04
14.04
12.85
11.85
11.67
11.32
11.56
11.49
11.26
11.54
11.23
11.23
11.87
12.48
12.78
11.54
11.77
11.07
10.81
10.63
10.58
11.88
11.99
11.81
11.93
10.97
11.37
11.29
11.45
10.88
10.85
11.07
10.74
11.97
11.76
11.49
11.49
11.57
11.74
11.71
11.47
12.09
12.92
12.54
11.81
10.96
11.24
11.45
11.86
12.3
11.66
11.35
12.3
11.63
11.21
11.28
11.34
12.47
12.81
13.12
12.96
12.5
11.53
11.42
11.54
12.37
12.38
11.79
12.89
12.39
12.87
14.05
15.07
15.77
15.96
15.96
14.66
14.42
14.93
14.15
14.63
10.84
10.76
10.85
10.36
10.82
10.11
10.59
10.68
10.46
10.57
9.77
9.96
10.21
10.6
10.4
10.42
10.65
15.59
14.66
12.04
10.93
10.72
10.02
9.99
9.81
9.81
10.38
10.41
9.89
9.75
10.07
10.45
10.39
10.16
10.7
11.46
10.42
10.64
10.9
10.38
10.37
10.86
10.75
10.48
10.02
9.9
11.06
10.03
11.44
11.18
11.22
11.22
11.07
12.54
11.19
11.11
10.89
10.3
9.9
9.51
9.82
9.89
9.79
9.58
9.36
9.43
9.43
9.6
10.11
10.29
10.26
10.09
10.28
10.44
10.03
9.93
10.96
11.11
16.04
15.51
12.33
12.04
11.74
15.55
14.26
13.19
11.35
12.25
12.23
11.28
11.32
11.7
11.22
10.59
10.13
10.13
12.23
11.63
11.55
12.12
10.73
10.58
10.5
10.44
10.17
10.15
10.18
9.78
9.67
9.59
10.21
10.17
9.87
9.55
9.51
9.45
9.51
9.63
9.19
9.65
10.33
10.08
9.85
9.91
9.61
9.91
10.31
10.07
10.05
9.97
11.07
11.16
11.23
11.3
9.8
10.5
10.18
10.2
9.93
9.14
9.4
9.89
9.78
10.5
11.29
11.5
11.59
13.13
11.76
11.43
10.65
9.73
9.88
9.88
9.67
9.87
10.03
10.7
11.28
11.43
11.68
11.33
11.02
10.16
9.58
9.34
9.92
10.18
10.49
9.42
9.53
10.03
9.72
9.62
9.9
9.9
10.25
10.47
10.18
11.04
11.04
9.77
9.15
9.22
9.22
9.52
10.08
9.82
9.88
10.16
10.16
11.66
11.91
12.22
11.27
11.03
11.1
11.47
11.58
11.08
13.84
14.79
13.54
13.47
17.31
37.32
29.98
27.73
33.46
29.06
25.61
24.97
19.26
19.13
19.46
19.46
20.6
20.02
18.72
16.49
15.8
18.59
19.85
22.47
19.59
18.73
18.36
17.76
16.54
14.64
15.78
16.35
17.23
16.59
15.8
19.02
18.2
17.86
23.34
24.87
21.03
22.5
22.87
19.97
19.97
23.62
21.1
20.06
18.94
21.49
21.77
20.47
20.24
18.49
17.41
16.56
15.25
15.6
15.96
16.88
16.34
18.02
17.84
16.24
15.41
15.93
15.49
15.97
15.9
14.77
14.75
14.71
13.42
13.23
12.65
12.93
14.63
13.42
13.43
13.42
13.08
13.22
12.58
12.53
13.22
13.22
17.02
14.94
15.43
13.46
12.74
12.4
11.64
12.13
12.18
12.35
12.34
12.94
12.12
11.98
12.31
13.35
12.79
14.64
13.77
17.33
15.92
17.91
16.85
16.09
15.6
16.14
16.14
14.97
13.37
12.69
12.64
13.63
12.58
12.18
12.83
12.06
12.1
12.87
12.86
12.62
12.41
12.29
12.14
13.03
14.26
12.83
13.15
12.19
11.64
11.27
10.93
10.85
11.27
13.16
14.78
13.31
14.64
13.45
12.64
12.49
12.86
12.25
12.41
11.99
12.16
12.5
12.25
13.53
12.86
12.86
13.16
13.91
14.65
14.88
14.16
13.22
13.14
12.37
12.07
13.68
12.79
11.75
11.8
11.68
12.2
12.42
12.89
12.41
12.12
12
12.05
11.61
14.22
14.82
15.69
15.95
22.96
24.98
21.31
21.3
17.62
17.4
20.06
19.89
19.64
20.71
25.23
24.22
24.16
24.7
23.35
21.23
19.34
19.51
19.96
19.91
16.36
16.72
17.36
20.45
20.02
21.25
19.98
18.14
20.1
22.48
20.8
20.8
21.52
18.9
19.02
18.49
18.79
18.07
16.44
20.74
20.74
21.19
23.23
22.64
21.76
21.46
20.65
21.63
24.52
25.58
25.58
28.38
30.11
36.07
36.07
30.41
29.96
28.34
25.42
25.42
23.22
25.45
21.38
21.4
20.47
19.98
19.5
18.19
19.07
18.6
19.04
18.06
17.8
17.8
20.8
19.52
18.89
17.42
18.87
19.13
17.66
16.57
16.14
15.73
15.57
15.38
16.37
15.72
15.97
15.43
15.65
16.22
14.91
14.91
14.88
14.02
14.46
13.51
14.85
15.17
14.7
14.78
13.57
14.63
14.74
15.74
16.59
16.05
14.33
13.77
13.41
13.5
12.88
13.1
13.56
13.91
13.63
16.48
16.33
14.68
15.15
14.43
13.71
13.4
13.36
13.74
13.58
12.82
13.18
14.28
13.3
13.02
12.01
12.32
12.18
12.6
12.09
12.09
12.42
12.28
13.14
13.25
12.73
13.11
13.12
14.8
14.42
12.87
15.44
19.32
19.4
19.1
16.04
20.55
18.06
16.44
15.29
15.96
16.31
14.95
14.75
16.92
15.85
15.85
17.5
17.9
17.3
18.71
18.86
16.97
16.09
15.93
16.3
15.94
15.99
15.91
15.82
15.28
15.35
15.15
14.33
14.75
15.4
15.26
16.28
16.21
15.82
15.08
14.06
12.93
12.57
12.57
13.28
13.96
14.09
13.03
12.93
12.39
12.68
12.86
13.97
13.53
14.45
13.53
12.61
12.07
12.74
12.16
12.83
13.94
16.12
17.87
17.61
24.59
20.17
19.49
16.91
17.97
21.09
17.52
22.1
21.18
18.47
16.88
17.5
15.8
16.68
19.87
19.32
20.31
19.35
17.88
18.98
18.98
19.66
17.33
16.27
15
15.27
15.2
14.61
14.22
13.74
14.67
14.44
13.95
14.05
15.32
14.91
17.05
15.96
16.07
17.22
16.24
18.56
20.56
19.12
17.04
17.86
20.28
18.64
17.57
15.58
14.57
13.54
13.68
13.79
14.25
14
14.46
14.01
13.71
12.65
13.11
13.2
12.33
13.22
12.3
12.83
13.1
12.62
12.73
12.07
12.69
12.68
13
13.05
12.05
12.46
12.86
12.78
13.13
12.34
11.87
11.54
11.75
11.75
12.62
14.91
15.96
14.8
14.52
13.62
15.86
15.68
14.99
13.94
12.63
12.14
12.29
12.58
12.5
12.51
12.61
12.67
12.67
12.65
13.43
14.82
13.78
13.78
12.47
14.02
13.85
13.79
13.45
12.54
12.56
12.32
12.39
12.42
12.32
12.1
12.1
12.85
12.91
12.98
14.56
18.23
16.28
16.39
15.49
18.84
17.97
16.05
15.15
14.96
15.47
15.04
15.18
13.74
14.15
13.68
13.68
14.83
14.38
15.56
17.08
25.03
27.85
27.56
39.16
40.11
33.42
36.82
31.99
39.62
41.94
54.46
47.3
53.9
75.47
57.83
82.69
75.91
76.45
72
66.04
61.59
61.67
63.95
61
65.54
57.08
53.54
57.06
50.91
46.8
45.24
46.7
43.35
41.67
41.67
41.17
37.76
40.84
40.11
38.15
43.83
45.41
41.98
41.38
35.93
33.29
33.57
31.23
34.15
37.19
35.97
33.61
34.12
31.44
27.98
27.57
33.04
35.28
32.61
31.89
29.3
30.53
27.99
29.53
28.16
28.16
28.01
27.62
28.59
27.51
28.23
26.84
25.66
25.81
24.52
25.81
27.57
27.57
40.79
36.09
34.4
33.67
33.47
32.94
35.12
31.77
31.37
33.84
32.22
34.73
31.78
30.43
28.62
27.68
27.68
27.94
29.43
28.08
29.26
27.29
32.19
29.52
27.76
28
25.68
24.46
24.84
24.32
26.08
25.84
24.74
25.44
24.1
24.76
24.46
24.28
23.76
22.99
22.65
22.21
22.13
24.03
22.28
22.13
22.05
21.35
21.51
22.54
22.72
22.54
22.37
22.03
23.27
24.47
22.96
26.41
26.12
26.57
33.6
30.75
30.75
31.46
28.81
29.71
26.87
25.85
25.59
26.04
26.46
25.83
27.78
26.86
28.58
28.51
26.38
26.19
26.27
26.37
26.7
27.63
27.96
29.48
28.06
26.36
25
25.07
26.07
26.4
26.97
27.41
29.18
29.35
28.65
28.11
27.55
32.46
33.35
40.28
37.59
38.02
37.13
35.55
29.57
27.58
24.86
25.75
24.8
23.45
25.35
23.1
22.45
22.71
23.84
23.11
23.7
22.66
21.64
21.25
21.25
20.84
20.57
20.77
21.17
21.28
20.79
21.3
20.68
22.27
22.52
23.31
24.72
22.89
22.5
21.93
21.57
25.16
24.23
23.31
21.53
21.53
21.7
23.08
22.77
22.75
22.75
26.97
25.34
25.07
22.37
21.56
24.08
23.33
22.21
23.25
24.34
24.34
23.24
21.58
21.32
21.91
23.19
23.02
37.21
30.21
33.09
30.24
25.56
22.91
21.77
20.87
21.24
21.63
21.99
21.25
19.97
19.97
21.46
21.5
22.49
22.05
23.45
23.11
21.34
28.89
27.95
23.35
24.1
26.67
28.57
24.66
25.47
24.03
22.56
21.91
20.69
20.03
19.79
19.23
21.58
20.95
18.88
20.3
21.2
19.81
18.86
20.74
19.61
19.4
17.33
17.33
17.91
18.12
17.16
16.95
16.69
16.91
16.65
16.99
16.57
16.25
17.29
18.68
17.5
18.71
17.33
17.64
17.56
17.28
17.61
18.61
18.31
19.48
19.15
18.39
16.69
19.66
21.84
27.59
23.13
18.81
19.72
21.34
22.18
20.67
20.15
18.4
18.84
17.36
16.74
16.76
16.76
17.9
17.48
18.04
16.42
16.42
17.07
17.89
16.1
15.65
16.39
17.02
18.15
17.75
20.7
17.89
16.66
16.32
15.97
15.62
15.76
16.02
15.83
15.48
15.07
15.07
16.44
16.2
19
16.18
16.17
17.12
16.33
17.01
18.45
22.5
19.73
17.91
17.69
17.2
17.58
19.36
18.31
17.7
18.24
19.46
18.04
17.97
17.28
16.15
16.72
16.79
16.06
15.59
15.45
16.12
17.91
21.57
21.67
18.56
17.15
17.22
16.79
18.84
16.39
16.19
16.48
16.11
16.41
16.41
16.41
18.14
17.96
18.8
20.95
19.37
19.46
18.18
18.69
20.81
25.71
24.36
20.87
18.63
17.75
18.76
23.25
Capitolul 1. Contextul economic și financiar intern și internațional
Chapter 1. Domestic and international economic and financial environment
Sursa: Ahir, H, N Bloom și D Furceri (2018), “World Uncertainty Index”, Stanford mimeo.
Source: Ahir, H, N Bloom and D Furceri (2018), 'World Uncertainty Index', Stanford mimeo.
rtainty Index (right axis)
andemice globale (axa din dreapta)
Coronavirus
Coronavirus
Coronavirus
Coronavirus
Coronavirus
Coronavirus
Coronavirus
Capitolul 1. Contextul economic și financiar intern și internațional
Chapter 1. Domestic and international economic and financial environment
* medie lunară
* monthly average
Sursa: Comisia Europeană, Steven Davis (2016) An Index of Global Economic Policy Uncertainty, NBER Working Papers
Source: European Commission, Steven Davis (2016) An Index of Global Economic Policy Uncertainty, NBER Working Pap
tor - constructions
2021 7.0
2022 5.1
Exportul net de
bunuri şi servicii
1.2
3.8
-0.3
-1.4
-0.3
-1.4
-1.6
-1.6
-1.6
-2.2
-2.1
-1
-1.2
-2.7
-2.1
Capitolul 1. Contextul economic și financiar intern și internațional
Chapter 1. Domestic and international economic and financial environment
Grafic 1.7 Comparații regionale ale dinamicii PIB (față de aceași perioadă a anului anterior)
Chart 1.7 Regional comparison of GDP growth (against the same quarter of the previous year)
procent
percent
* ajustată sezonier
* Seasonally adjusted data
Sursa: Eurostat
Source: Eurostat
Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17
Aug/16 Sep/16 Oct/16 Nov/16 Dec/16 Jan/17 Feb/17 Mar/17 Apr/17
7.4 7.2 7 6.8 6.7 6.6 6.5 6.4 6.3
3.8 3.9 3.7 3.6 3.6 3.5 3.3 3.3 3.3
4.6 4.5 4.6 3.9 4.4 4.1 4.2 4.6 4.4
6.1 6 5.8 5.6 5.4 5.2 5.1 5 5.1
5.7 5.9 5.5 5.4 5.4 5.1 5.2 5.2 4.8
May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18
May/17 Jun/17 Jul/17 Aug/17 Sep/17 Oct/17 Nov/17 Dec/17 Jan/18
6.2 6.2 6.2 6.2 6 5.9 5.8 5.7 5.5
2.9 2.9 2.8 2.7 2.7 2.6 2.4 2.3 2.6
4.1 4.2 4.1 3.9 3.7 3.8 3.6 3.6 3.7
5.1 5 4.9 4.8 4.8 4.6 4.5 4.3 4.1
5.1 4.9 4.9 4.9 4.8 4.8 4.7 4.6 4.5
Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18
Feb/18 Mar/18 Apr/18 May/18 Jun/18 Jul/18 Aug/18 Sep/18 Oct/18
5.4 5.3 5.3 5.4 5.3 5.4 5.3 5.2 5
2.3 2.1 2.3 2.3 2.2 2.3 2.4 2.2 2.1
3.8 3.5 3.7 3.7 3.3 3.7 3.8 3.5 3.5
3.9 3.8 3.7 3.7 3.8 3.9 3.9 3.9 3.8
4.4 4.4 4.3 4.2 4.1 4 4.1 3.9 4.2
Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19
Nov/18 Dec/18 Jan/19 Feb/19 Mar/19 Apr/19 May/19 Jun/19 Jul/19
4.8 4.7 4.7 4.7 4.5 4.3 4.1 4 4
2 2.2 2.1 1.8 2 2.1 2.1 1.8 2.1
3.6 3.5 3.4 3.4 3.2 3.4 3.3 3.1 3.4
3.8 3.8 3.8 3.8 3.6 3.4 3.3 3.3 3.2
4.1 3.9 4.1 3.9 3.8 4 3.9 3.7 4
Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20
Aug/19 Sep/19 Oct/19 Nov/19 Dec/19 Jan/20 Feb/20 Mar/20 Apr/20
3.9 4 4.2 4.2 4.2 4.2 4.1 4.4 5.9
2.1 2 2.2 2.1 2 1.9 1.8 2.0 2.2
3.2 3.3 3.6 3.3 2.9 3.8 3.5 3.4 4.1
3.1 3.1 3 2.9 2.9 3.0 3.0 3.0 3.1
3.8 4.1 3.9 3.9 3.9 3.6 4.2 4.5 5.3
May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21**
May/20 Jun/20 Jul/20 Aug/20 Sep/20 Oct/20 Nov/20 Dec/20 ian.21**
6.0 5.6 5.2 5.1 5.3 5.4 5.3 5.5 5.9
2.5 2.6 3.0 2.7 2.8 3.2 2.9 3.2 3.2
4.4 5.0 4.5 3.8 4.5 4.4 4.0 4.2 4.5
3.3 3.4 3.4 3.3 3.3 3.2 3.2 3.4 3.7
5.5 5.6 5.5 5.3 5.2 5.1 5.1 5.2 5.9
Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21
Feb/21 Mar/21 Apr/21 May/21 Jun/21 Jul/21 Aug/21 Sep/21
6.0 5.9 5.5 5.5 5.5 5.6 5.6 5.5
3.2 3.4 3.3 3.1 2.8 2.6 2.8 2.6
4.5 4 4.1 4.3 4.1 4.2 4.1 3.6
3.9 3.9 3.7 3.6 3.5 3.4 3.4 3.4
5.9 5.8 5.5 5.3 5 5.1 5.2 5
Capitolul 1. Contextul economic și financiar intern și internațional
Chapter 1. Domestic and international economic and financial environment
2007
Notă: * valori prognozate ** deficitul structural se referă la deficitul bugetar ajustat ciclic, raportat la PIB-ul potențial nomi
Note: *) projected values, **) the structural balance is the general government balance adjusted for the cyclical component
2008 2009 2010 2011 2012 2013 2014 2015 2016
, raportat la PIB-ul potențial nominal, ce reprezintă cel mai ridicat nivel de producție al unei economii, fără a genera presiuni inflaționis
justed for the cyclical component (estimated based on potential output)
2017 2018 2019 2020 ian-oct ian-oct 2021*
2020 2021
-2.8 -2.9 -4.6 -9.7 -7.0 -4.0
-2.6 -2.9 -4.4 -9.2 -8.0
-3.2 -3.2 -4.7 -7.5 -7.1
-6.9
-6.4
Capitolul 1. Contextul economic și financiar intern și internațional
Chapter 1. Domestic and international economic and financial environment
Grafic 1.10 Evoluția cheltuielilor cu asistență socială și a salariilor comparativ cu cea a veniturilor fiscale
Chart 1.10 Evolution of expenses with social benefits and compensation of employees compared to fiscal revenues
2007 2007 19 22
2008 2008 24 35
2009 2009 -5 3
2010 2010 2 -9
2011 2011 12 -10
2012 2012 7 6
2013 2013 5 13
2014 2014 5 9
2015 2015 7 3
2016 2016 1 10
2017 2017 7 22
2018 2018 14 24
2019 2019 11 19
2020 2020 -1.6 7.5
Sursa: MFP
Source: MPF
u cea a veniturilor fiscale
oyees compared to fiscal revenues
6.7
Capitolul 1. Contextul economic și financiar intern și internațional
Chapter 1. Domestic and international economic and financial environment
Sursa: MFP
Source: MPF
* Pentru anul 2020, necesarul este actualizat conform datelor publicate de Ministerul Finantelor privind execuția preliminat
* For the year 2020 the financing needs were updated according to the data published by the Ministry of Finance on the pre
r privind execuția preliminată a deficitului bugetului general consolidat la 31 decembrie 2020. Pentru anul 2021 necesarul este actualiza
Ministry of Finance on the preliminary execution of the consolidated general budget deficit on 31 December 2020. For the year 2021 the
nul 2021 necesarul este actualizat la momentul întocmirii raportului MF.
ber 2020. For the year 2021 the financing needs were updated at the time of the MF report.
Capitolul 1. Contextul economic și financiar intern și internațional
Chapter 1. Domestic and international economic and financial environment
Sursa: MF
Source: MF
*metodologie SEC2010
*ESA2010 methodology
** PIB pentru anul 2021 este actualizat conform comunicat INS nr.261 din 11.10.2021, iar PIB pentru anul 2019 conform c
** GDP for the year 2021 is according to NIS no. 261/11.10.2021 and GDP for the year 2019 is according to NIS no. 260/1
2011 2012 2013 2014 2015 2016 2017 2018 2019
82 90 103 112 124 137 145 164 192
91 105 112 122 117 120 131 136 151
19 25 23 28 27 29 26 30 31
34 37 37 39 38 37 35 35 35.2
38.8
40.2
44.9
48.5
50.5
51.2
52.5
51.1
55.3
54.4
55.3
57.7
56.7
60.4
58.7
59.4
56.4
58.2
59.3
58.7
58.8
58.6
58.4
56.4
55.3
54.5
53.1
50.9
50.1
48.9
48.6
49.3
48.9
49.5
47.8
46.0
45.3
44.5
43.5
42.4
42.5
41.8
40.9
39.8
38.5
38.0
38.6
36.7
36.7
36.2
35.9
35.2
34.9
35.4
36.4
36.6
37.1
36.5
mld lei
mld lei
mld lei
mld lei
procente
procente
billions lei
billions lei
billions lei
billions lei
percent
percent
Capitolul 1. Contextul economic și financiar intern și internațional
Chapter 1. Domestic and international economic and financial environment
Grafic 1.15. Fluxul anual al creditului noux bancar, după debitor (decembrie 2019 = 100%)
Chart 1.15. New bank credit on debtor type (December 2019 = 100%)
Nonfinancial companies
Total Corporatio SME
Companii nefinanciare
Total Corporatii IMM
Jan-18 88.50126 75.27465 97.17021 Jan-18
Feb-18 88.04614 74.10648 97.18242 Feb-18
Mar-18 87.59188 73.10774 97.08502 Mar-18
Apr-18 87.62356 72.70612 97.4007 Apr-18
May-18 87.97622 72.71154 97.98095 May-18
Jun-18 88.22537 72.37316 98.61517 Jun-18
Jul-18 88.69582 72.25018 99.47456 Jul-18
Aug-18 89.22274 72.32434 100.2982 Aug-18
Sep-18 90.25034 72.90194 101.6208 Sep-18
Oct-18 91.4885 74.629 102.5385 Oct-18
Nov-18 92.89126 76.5264 103.6171 Nov-18
Dec-18 93.80098 78.09273 104.0964 Dec-18
Jan-19 94.86705 80.27917 104.4282 Jan-19
Feb-19 96.04545 82.60961 104.8515 Feb-19
Mar-19 97.37371 85.0973 105.4199 Mar-19
Apr-19 98.35182 87.71669 105.3223 Apr-19
May-19 98.90394 89.83472 104.8481 May-19
Jun-19 99.24505 91.34993 104.4196 Jun-19
Jul-19 99.61021 93.18715 103.82 Jul-19
Aug-19 100.0251 94.87276 103.402 Aug-19
Sep-19 99.98187 96.3098 102.3886 Sep-19
Credit nou Oct-19 100.0642 97.75964 101.5746 Oct-19
Credit nou
companii Nov-19 99.84687 98.6715 100.6172 Nov-19
populație
nefinanciare Dec-19 100 100 100 Dec-19
Jan-20 100.3185 101.2241 99.725 Jan-20
Feb-20 100.7926 102.5357 99.65017 Feb-20
Mar-20 101.2338 103.7777 99.56654 Mar-20
Apr-20 101.4206 104.0867 99.6731 Apr-20
May-20 101.3457 104.4332 99.32204 May-20
Jun-20 101.0886 104.6897 98.72842 Jun-20
Jul-20 100.2656 104.1318 97.73168 Jul-20
Aug-20 98.93057 102.813 96.38599 Aug-20
Sep-20 97.58884 101.3816 95.10299 Sep-20
Oct-20 96.15142 100.2417 93.47057 Oct-20
Nov-20 95.29546 99.75735 92.37105 Nov-20
Dec-20 94.79776 100.1738 91.27418 Dec-20
Jan-21 93.9905 99.79224 90.18795 Jan-21
Feb-21 93.05985 99.68931 88.71479 Feb-21
Mar-21 92.23321 100.2754 86.96223 Mar-21
Apr-21 91.66421 101.1575 85.44218 Apr-21
May-21 91.70118 102.4497 84.65643 May-21
Jun-21 92.28501 104.1898 84.48244 Jun-21
Jul-21 93.52124 106.2838 85.15641 Jul-21
Aug-21 94.86541 108.4417 85.96727 Aug-21
Sep-21 96.70148 111.3322 87.11229 Sep-21
Grafic 1.16. Evoluția soldului contului curent în perioada curentă* comparativ cu perioada crizei financiare interna
Chart 1.16. Curent account deficit in the current period* compared to the Global Financial Crisis (2007-2008)**
2007-2008 criza din 2002 2003 2004 2005 2006 2007 2008
2020 crisis criza din 2 2015 2016 2017 2018 2019 2020
t-5 t-4 t-3 t-2 t-1 t t+1
2007-2008 criza din -1653.3 -3086.5 -5120.9 -6920.9 -10297.2 -17340.3 -16811.7
2020 crisis criza din 2 -1291.8 -2689.1 -5839.6 -9497.1 -10905.9 -10969.6 -15333.33
* perioada analizată este 2015 (t-5) – 2020 (t) și T3 2021 (fluxuri anualizate)
** perioada analizată este 2002 (t-5) – 2013 (t+6), unde t reprezintă 2007 (anul în care a fost atinsă cea mai mare valoare a
* analyzed period is 2015 (t-5) – 2020 (t) and 2021 Q3 (annualized flows)
** analyzed period is 2002 (t-5) – 2013 (t+6), where t is 2007 (the year with the highest value of current account deficit)
Sursa: Eurostat
Source: Eurostat
ioada crizei financiare internaționale 2007-2008**
ancial Crisis (2007-2008)**
Sursa: BNR
Source: NBR
Other Investments
Alte investiții
5,585
6,676
14,063
9,003
3,482
5,820
2,322
(4,094)
(7,894)
(10,000)
(5,841)
(5,842)
(4,398)
(3,361)
(2,455)
(2,988)
-1284
-6,551
2,578
Capitolul 1. Contextul economic și financiar intern și internațional
Chapter 1. Domestic and international economic and financial environment
Sursa: BNR
Source: NBR