Economy of Romania
Economy of Romania
Currency
Leu (Leu or RON)
Fiscal year
Calendar year
Trade
organisations
European Union, WTO
Statistics
GDP
$264.0 billion (IMF 2008
est.)[1]
GDP growth
8.6% (IMF, 2008 est.)
GDP per capita $12,285[2] (IMF 2008 est.)
GDP by sector
agriculture (8.3%), industry
(37.1%), services (55.2%)
(2008 est.)
Inflation (CPI)
6.67% (November 2007[3])
Population
below poverty
line
6.6% (2008 est.)
Labour force
10.012 million (2008 est.)
Labour force
by occupation
services (37.7%), industry
(36.7%), agriculture
(8.6%),(2008)
Unemployment 3.9% (May 2008)[4]
Main
industries
iron, steel, nonferrous
metals, chemicals, food
processing, machinery and
transportation equipment,
textiles and clothing,
electronics, construction,
furniture and other wood
products, shipbuilding and
refurbishment, windmills,
pharmaceuticals, medical
equipment, textiles and
footwear, light machinery
and auto assembly, mining,
timber, construction
materials, metallurgy,
petroleum refining,
computers
External
Exports
$52.2 billion[5] f.o.b. (2008)
Export goods
-
Main export
partners
Italy 15.5%, Germany 14.0%,
Turkey 7.9%, France 7.4%,
UK 5.5%, Hungary 4.2%,
U.S. 4.1%, Austria 3.1%,
Netherlands 2.1%, Bulgaria
2.7%, Spain 2.4%, Greece
2.1% (2005)
Imports
$88.2 billion[6] f.o.b. (2008)
Import goods
-
Main import
partners
Italy 19.8%, Germany 14.0%,
Russia 8.3%, France 6.7%,
Turkey 4.9%, China 4.1%,
Austria 3.7%, Hungary 3.3%,
Kazakhstan 3.3%, Poland
2.9%, UK 2.9%, U.S. 2.8%
(2005)
Public finances
Public Debt
$61.76 billion (2008 est.)
Revenues
$77 billion (2008 est.)
Expenses
$82.1 billion (2008 est.)
Economic aid
NA
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US
dollars
Romania
is
an
upper-middle
income
European Union member economy of Cent-
ral-Eastern Europe.[7] It has been referred as
a "Tiger" due to its high growth rates and
rapid development.[8] Romanian economic
growth is among EU’s fastest.[9] Romania has
the 11th largest economy in European Union
by total nominal GDP and the 8th