Romania GDP

Romania country overview

Before we start to discuss Romania GDP first we discuss Romania’s country overview, so Romania is located in Southeast Europe.

Romania shares her border with Ukraine, Hungary, Serbia, and Moldova. Romania is the twelfth largest country in Europe by area. Bucharest is the capital and the largest city in Romania.

Its official language is Romanian. When we talk about its ethnic groups, 89% Romanian and 11% non-Romanian live in Romania. In the religious divide, 92% of Christianity and 8% of other religions exist in Romania.

Romania’s government system is the Unitary semi-presidential republic. Romania’s president’s name is Klaus Iohannis. Its prime minister’s name is Nicolae Cluca. Romania’s total land area is 238,397 km2.

Its land area rank is 81st in the world. Romania’s total population is 19,186,200 in the year 2021. Its population rank is 61st in the world. Its population density is 80/km2. Its population density rank is 136th in the world.

Romania Economy

Romania’s currency is called the Leu. Romania’s economy is generally called the developed and emerging economy and also a high-income economy.

The inflation rate in Romania is 3% in the year 2020. 23.5% of its population lives below the poverty line. Its HDI rate is 0.828 in the year 2019 which is considered the high HDI rate in the world.

Its HDI rank is 49th in the world. The unemployment rate in Romania is 5.2% in the year 2020. Its gross external debt is $96 billion in the year 2017. Romania’s total foreign reserves are $44.5 billion in the year 2017.

Romania GDP

Its total GDP is $305 billion (nominal) and $635 billion (PPP) in the year 2021. Its GDP rank is 44th (nominal) and 36th (PPP) in the year 2020.

Its GDP growth rate is 7.4% in the year 2021. Its GDP per capita is $15,900 (nominal) and $32,960 (PPP) in the year 2020. Its GDP per capita rank is 51st (nominal) and 44th (PPP) in the year 2020.

When we talk about its GDP by sector, so agriculture is 4%, the industry is 33% and services are 63% in the year 2017.

Romania Exports

Romania’s total exports are $85 billion in the year 2018. Its main export goods are machinery, metals, chemicals, fuels, and others. Its main export partners are Germany, Italy, Hungary, the United Kingdom, Poland, and others.

Romania Imports

Its total imports are $88 billion in the year 2018. Romania’s main import goods are machinery, chemicals, textile, food products, and others. Its main import partners are Germany, Hungary, China, Tukey, Russia, and others.

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