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 (2018): Germany, Italy, and France
Top 3 Exported Goods (2018): 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) $549,288,791,980 (2018)
GDP Growth Rate (annual %) 4.096% (2018)
GDP Per Capita, PPP (current international) $28,206 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 39/196 (2018)

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 %) 4.625% (2018)
External debt stocks, total (DOD, current US$) $112,116,341,843 (2018)
Total tax rate (% of commercial profits) 20% (2019)
Real Interest Rate (5 year average %) 0.88% (2018)
Manufacturing, value added (% of GDP) 20.07% (2017)
Current Account Balance (BoP, current US$) ($10,756,662,845) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 8,844,178 (2019)
Employment in Agriculture (% of total employment) 22.447% (2019)
Employment in Industry (% of total employment) 30.005% (2019)
Employment in Services (% of total employment) 47.548% (2019)
Unemployment Rate 4.159% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $107,446,620,662 (2018)
Exports of goods and services (current US$) $99,754,135,376 (2018)
Total Merchandise Trade (% of GDP) 74.075% (2018)
FDI, net inflows (BoP, current US$) $6,881,990,396 (2018)
Commercial Service Exports (current US$) $26,699,014,467 (2018)
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