Economy of Romania
Population: 19.47 M (2018)
GDP per Capita: 12,301 USD (2018)
239,550 M.

GDP USD

(2018)

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99,750 M.

EXPORTS USD

(2018)

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107,450 M.

IMPORTS USD

(2018)

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35.60 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.95 % (2018)
GDP of 2010 USD USD 224.60 B. (2018)
GDP Current USD USD 239.55 B. (2018)
GDP per Capita Current USD USD 12,301 (2018)
GDP per capita, PPP USD 24,538 (2018)
GDP per Capita, 2010 USD USD 11,532 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 16.61 % (2018)
Government Spending USD 39.79 B. (2018)
Government Debt % GDP 35.60 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 136.95 (2018)
Trade Openness 86.49 % (2018)
Exports of Goods and Services % GDP 41.64 % (2018)
Exports Goods & Services USD 99.75 B. (2018)
Exports Annual Growth 5.44 % (2018)
Imports as % GDP 44.85 % (2018)
Total Imports USD 107.45 B. (2018)
Foreign Direct Investment % GDP 3.07 % (2018)
Foreign Direct Investment USD 6.88 B. (2018)
Current Account Balance % GDP USD -4.57 % (2018)
Current Account Balance USD -10.94 B. (2018)
Trade Balance % GDP -3.21 % (2018)
Trade Balance USD -7.17 B. (2018)
Foreign Exchange Reserves incl Gold USD 42.13 B. (2018)
Remittances % GDP 2.03 % (2018)
Remittances USD 3,514 M. (2018)
Balance of Payments USD 1,979 M. (2018)

Labor Market

Indicator Value
Labor Force 8.84 M. (2019)
Unemployment Rate 4.16 % (2019)
Unemployment Rate Females 3.42 % (2019)
Unemployment Rate Males 4.39 % (2019)
Youth Unemployment (ages 15-24) 15.02 % (2019)
Labor Force Participation Rate 54.12 % (2019)
Labor Force (Percent Female) 43.00 % (2019)
Female Labor Force Participation Rate 45.17 % (2019)
Male Labor Force Participation Rate 63.84 % (2019)
Dependent People 51.22 % (2018)

Agriculture Sector

Indicator Value
Forest Area 30.10 % (2016)
Forest Area km² 69,302 km² (2016)
Agricultural Land 58.77 % (2016)
Agricultural Land km² 135,210 km² (2016)
Employment 22.45 % (2019)
Value added % GDP 4.34 % (2018)
Agriculture Value added USD 10.41 B. (2018)
Crop Production Index 101.30 (2016)
Precipitation 637 mm (2014)
Arable Land 37 % (2016)
Cereal Yield 5,223 kg/hectare (2017)
Food production index 113 (2016)
Rural Population 46 % (2018)
Fertilizer use of Arable Land 60 kg/hectare (2016)
Livestock Production Index 85 (2016)
Economy of Romania

According to the World Bank and its latest published data, the economy of the Romania presents a growth rate of 3.95 % (2018) to the previous year.

With a population that reaches 19.47 M (2018) and a gross domestic product of USD 239.55 B. (2018), it translates a Gross Domestic Product per Capita of USD 12,301 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Romania also has a workforce of 8.84 M. (2019) with an unemployment rate of 4.16 % (2019), where women represent 3.42 % (2019) and men 4.39 % (2019), the unemployment rate for young people between 15-24 years old stood at 15.02 % (2019). The total number of dependent people stands at 51.22 % (2018).

The central government spent 16.61 % (2018) of its gross domestic product that year, which in absolute terms is USD 39.79 B. (2018). Its consolidated public debt reached 35.60 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Romania exported USD 99.75 B. (2018), which represents 41.64 % (2018) of its gross domestic product, in that same sense its imports reached USD 107.45 B. (2018) with a direct foreign investment of USD 6.88 B. (2018).

Romania has a forest area of 69,302 km² (2016), which represents 30.10 % (2016) of its total area, an average rainfall of 637 mm (2014) per year and a population of 46 % (2018) living in rural areas. With a total area of 135,210 km² (2016) available for agriculture and 22.45 % (2019) of its employments, the agricultural sector contributes to the economy of the Romania about USD 10.41 B. (2018) (4.34 % (2018) of its GDP).