Romania: Economy
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| 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 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) | $625,164,173,840 (2019) |
| GDP Growth Rate (annual %) | 4.153% (2019) |
| GDP Per Capita, PPP (current international) | $32,297 (2019) |
GDP Country Rank 35/196 (2019)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 3.828% (2019) |
| External debt stocks, total (DOD, current US$) | $112,116,341,843 (2018) |
| Total tax rate (% of commercial profits) | 20% (2019) |
| Real Interest Rate (5 year average %) | 0.23% (2019) |
| Manufacturing, value added (% of GDP) | 17.45% (2019) |
| Current Account Balance (BoP, current US$) | ($11,383,916,443) (2019) |
Labor and Employment [1]
| Labor Force, Total | 8,820,503 (2020) |
| Employment in Agriculture (% of total employment) | 21.283% (2020) |
| Employment in Industry (% of total employment) | 30.147% (2020) |
| Employment in Services (% of total employment) | 48.57% (2020) |
| Unemployment Rate | 3.922% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $110,555,746,950 (2019) |
| Exports of goods and services (current US$) | $100,909,412,681 (2019) |
| Total Merchandise Trade (% of GDP) | 0% (2019) |
| FDI, net inflows (BoP, current US$) | $6,911,103,583 (2019) |
| Commercial Service Exports (current US$) | $30,225,284,993 (2019) |
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.