Tourism has shown a spectacular recovery after the lifting of pandemic restrictions, but it is also fueling the current account deficit of Romania.

  • Romanian tourists are spending more and more abroad, while the spending of foreign tourists in Romania remains fairly constant.
  • The real growth in wages and pensions in Romania, as well as the stability of the exchange rate, could further amplify this difference.
  • Increasing the attractiveness of domestic tourism among foreign visitors could help reduce the current account deficit in Romania, with tourism accounting for nearly 20% of this deficit.