Economic Trivia

Romania is the largest producer of motor vehicles in Eastern Europe.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2021): Germany, Italy, and Hungary
Top 3 Exported Goods (2021): Electrical Machinery, Motor Vehicles & Parts, and Industrial Machinery

Top Industries Source: CIA World Factbook

Electric Machinery and Equipment; Textiles and Footwear; Light Machinery and Auto Assembly; Mining

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $794,055,344,932 (2022)
GDP Growth Rate (annual %) 4.792% (2022)
GDP Per Capita, PPP (current international) $41,888 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 34/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 13.795% (2022)
External debt stocks, total (DOD, current US$) $142,389,651,029 (2020)
Total tax rate (% of commercial profits) 20% (2019)
Real Interest Rate (5 year average %) -5.071% (2022)
Manufacturing, value added (% of GDP) 19.168% (2022)
Current Account Balance (BoP, current US$) ($27,978,576,459) (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 8,304,526 (2022)
Employment in Agriculture (% of total employment) 18.607% (2021)
Employment in Industry (% of total employment) 30.389% (2021)
Employment in Services (% of total employment) 51.005% (2021)
Unemployment Rate 5.436% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $148,948,943,953 (2022)
Exports of goods and services (current US$) $128,147,851,913 (2022)
Total Merchandise Trade (% of GDP) 76.076% (2022)
FDI, net inflows (BoP, current US$) $11,882,525,849 (2022)
Commercial Service Exports (current US$) $38,782,327,824 (2022)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Romania’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank