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 (2019): Germany, Italy, and Hungary
Top 3 Exported Goods (2019): 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) $676,943,600,341 (2021)
GDP Growth Rate (annual %) 5.88% (2021)
GDP Per Capita, PPP (current international) $35,414 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 34/197 (2021)

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 %) 5.052% (2021)
External debt stocks, total (DOD, current US$) $142,389,651,029 (2020)
Total tax rate (% of commercial profits) 20% (2019)
Real Interest Rate (5 year average %) 0.187% (2021)
Manufacturing, value added (% of GDP) 17.35% (2021)
Current Account Balance (BoP, current US$) ($19,750,808,883) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 8,432,175 (2021)
Employment in Agriculture (% of total employment) 21.283% (2020)
Employment in Industry (% of total employment) 30.147% (2020)
Employment in Services (% of total employment) 48.57% (2020)
Unemployment Rate 5.169% (2021)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $132,127,103,163 (2021)
Exports of goods and services (current US$) $116,047,231,035 (2021)
Total Merchandise Trade (% of GDP) 71.671% (2021)
FDI, net inflows (BoP, current US$) $3,602,418,172 (2020)
Commercial Service Exports (current US$) $32,911,307,041 (2021)
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