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CompareEconomy.com Comparison of world economies

Romania

World Rank 61 2.58 Romania flag svg
Capital
Area
Currency
Bucharest
238,397 km 2
Romanian leu (RON)

Table of Contents

Introduction

Romania is believed to be placed at the crossroads of Central, Eastern, and Southeastern Europe. The land coverage of the nation is 238,000, which makes Romania the 12th largest nation in Europe. There are several neighbours with whom Romania shares borders. We can name Bulgaria, Hungary, Ukraine, and Serbia. Bucharest is the nation's capital and at the same time the largest city.

Economy

Romanian GDP is of considerate size. With Purchasing Power Parity included, their GDP is at around $625 billion. As a result, the nation is the 8th largest economy in Europe - ahead Sweden or Austria, but behind Belgium and the Netherlands.

GDP per capita allows us to see the wealth of the average citizen in the given nation. In spite of being relatively low (GDP per capita is at around $32,300 as of 2019), the last 5 years proved that Romania has been improving the quality of life of the average citizen by quite a lot. The average improvement in Europe in the last 5 years was 18% of its GDP per capita, whereas in Romania the GDP per capita grew by 32%.

Population

As of 2019, the population of Romania was approximately 19 million, which is the 6th largest number in the European Union. 

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#45 (2021)
284,087,563,695 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#142 (2021)
-16,079,872,127 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#96 (2021)
5.59 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)