Romania Economic Statistics and Indicators
28, Apr 2017, EDT. Welcome to the Romania economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Romania › Change country
National or Regional Currency: Romanian Leu, ROL
Year of data: 2015 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2021
Date of Last Update: 30th June 2016
Population: 21,729,871 (July 2014 est.)
Area: total: 238,391 sq km ; land: 229,891 sq km ; water: 8,500 sq km
Natural Resources: petroleum (reserves declining), timber, natural gas, coal, iron ore, salt, arable land, hydropower
Capital: name: Bucharest ; geographic coordinates: 44 26 N, 26 06 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Romania, which joined the EU on 1 January 2007, began the transition from Communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country's needs. The country emerged in 2000 from a punishing three-year recession due to strong demand in EU export markets. Domestic consumption and investment fueled strong GDP growth, but led to large current account imbalances. Romania's macroeconomic gains have only recently started to spur creation of a middle class and to address Romania's widespread poverty. Corruption and red tape continue to permeate the business environment. As a result of the global financial crisis, Romania signed on to a $26 billion emergency assistance package from the IMF, the EU, and other international lenders. GDP contracted from 2009 to 2011. In March 2011, Romania and the IMF/EU/World Bank signed a 24-month precautionary stand-by agreement, worth $6.6 billion, to promote fiscal discipline, encourage progress on structural reforms, and strengthen financial sector stability. In September 2013, the Romanian authorities and the IMF/EU agreed to a follow-on stand-by agreement, worth $5.4 billion, to continue with reforms, although Bucharest announced that it does not intend to draw funds under the agreement. Economic growth accelerated in 2013, driven by strong industrial exports and an excellent agricultural harvest; in December 2013 inflation dropped to a historical low annual rate of 1.6%; and the current account deficit was reduced substantially. Yet, progress on structural reforms is uneven and the economy still is vulnerable to shocks.
GDP (Constant Prices, National Currency) for Romania in year 2015 is ROL 600.416 Billion.
GDP (Current Prices, National Currency) for Romania in year 2015 is ROL 710.267 Billion.
GDP (Current Prices, US Dollars) for Romania in year 2015 is US$ 177.315 Billion.
GDP Deflator for Romania in year 2015 is 118.296 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for Romania in year 2015 is ROL 30,158.04 .
GDP Per Capita (Current Prices, National Currency) for Romania in year 2015 is ROL 35,675.65 .
GDP Per Capita (Current Prices, US Dollars) for Romania in year 2015 is US$ 8,906.30 .
GDP (PPP), US Dollars for Romania in year 2015 is US$ 413.846 Billion.
GDP Per Capita (PPP), US Dollars for Romania in year 2015 is US$ 20,786.86 .
Investment (% of GDP) for Romania in year 2015 is 25.464 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Romania in year 2015 is 114.241 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Romania in year 2015 is 113.542 (Index, Base Year 2000 = 100).
Population for Romania in year 2015 is 19.909 Million .
General government revenue (National Currency) for Romania in year 2015 is ROL 233.554 Billions.
General government total expenditure (National Currency) for Romania in year 2015 is ROL 243.916 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Romania in year 2015 is ROL -10.361 Billions.
General Government Structural Balance (National Currency) for Romania in year 2015 is ROL -4.699 Billion.
Fiscal Year Gross Domestic Product, Current Prices for Romania in year 2015 is ROL 710.267 Billions.
Current Account Balance (US Dollars) for Romania in year 2015 is US$ -1.95 Billion.
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Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International