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« Crotia's Economic Snapshot | Main | The State of Hungary's Economy »
Tuesday
Jul012008

Romania's Economy: An economic snapshot

Romania has received significant attention from European firms looking to lower costs and identify market opportunities. We set out to find out what is the strength of Romania's economy and what are its weaknesses.

Romania's Economic Structure

  • Joined EU Jan. 1, 2007
  • Real GDP: $168.8 billion (2007)
    • Real GDP Growth: 5.9%
  • Unemployment: 4.1%
  • Inflation: 9.4% (2007 CPI est.)
  • Current Account Balance: -9.4% of GDP


Romania's Demographic:

  • Median Age
    • male: 35.9 years
    • female: 38.7 years
  • Sex Ratio
    • under 15 years: 1.05 male(s)/female
    • 15-64 years: 0.99 male(s)/female
    • 65 years and over: 0.69 male(s)/female
  • Income per Capita: $11,100
  • Has the most divorces in Eastern Europe
    • 33,193 divorces in 2005


Industry Composition:

  • Occupations 41% agriculture
  • 4 million internet users increasing (21 mil population)
  • Tax rate 16%
  • Textile and Footwear
    • Light machinery and Auto assembly
    • Italy major import and export partner



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