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Romania Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Romania; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank National Bank of Romania (2009)
Reserves of foreign exchange and gold $42.768 billion (Source: IMF; Data updated: January 2010)
Gross Domestic Product - GDP 200,071 millions of US dollars (2008)
GDP (Purchasing Power Parity) 302,566 millions of International dollars (2008)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
5.6% 5.0% 5.3% 8.5% 4.1% 7.9% 6.3% 7.4%

2009: -7.1% (estimate)    

2010: 0.8% (forecast)

GDP per capita - current prices $7,902 (2010 estimate)
GDP per capita - PPP $12,131 International Dollars (2010 estimate)
GDP (PPP) - share of world total 0.35% (2010 estimate)
GDP - composition by sector
  • agriculture: 8.1%
  • industry: 36%
  • services: 55.9% (2008 estimate)
Gross domestic expenditure on R&D (% of GDP) 0.46% (2006)
Inflation

7.8% (2008)

5.6% (2009)

4.0(2008)% (2010 forecast)
Unemployment rate 3.6% (2008 estimate)
-
-
Household saving rates -
Public debt (General government gross debt as a % of GDP)

-

2010: -% (forecast)
Government bond ratings

Standard & Poor's: BB+/Negative/B

Moody's rating: Baa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2009)
Market value of publicly traded shares US$44.93 billion (31 December 2007)
Largest companies in Romania -
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -9.36 billion (2010 forecast)(After 2008)
-
Current account balance by percentage of GDP -5.6% of GDP (2010 forecast)(After 2008)
Shares in world total merchandising export 0.29% (2007)(2007)
Shares in world total commercial services export 0.32% (2007)(2007)
Total exports US$59.75 billion f.o.b. (2008 estimate)
Export commodities machinery and equipment, textiles and footwear, metals and metal products, machinery and equipment, minerals and fuels, chemicals, agricultural products
Total imports US$92.09 billion f.o.b. (2008 estimate)
Import commodities machinery and equipment, fuels and minerals, chemicals, textile and products, metals, agricultural products
Exports - major partners Italy 17.2%, Germany 16.9%, France 7.7%, Turkey 7%, Hungary 5.6%, UK 4.1% (2007)
Imports - major partners Germany 17.2%, Italy 12.8%, Hungary 6.9%, Russia 6.3%, France 6.2%, Turkey 5.4%, Austria 4.8% (2007)
FDI inflows
2007 2008
US$9,923 million(2009) US$13,305 million(2009)
FDI outflows
2007 2008
US$278 million(2009) US$-272 million(2009)
Value of cross-border M&A, by country of purchaser
2007 2008 2009 (Jan-Jun)
- US$4 million(2009) -
Cross-border M&A deals worth over $3 billion completed in 2007

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

-

(for a monthly update on M&A click here )
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

-

(for a monthly update on M&A click here )

Best countries for doing business

(ranking by country on a basis of 181, the first is the best)

Overall ranking: 55(2009) (2009)

Subcategories:

Starting a business: 42(2009)

Employing workers: 113

Registering property: 92

Getting credit: 15

Protecting investors: 41

Trading across border: 46

(2009)
Global competitiveness ranking
(ranking by country on a basis of 133, the first is the best)		 64 (2009/2010)
Economic freedom index

63.2 (2009)

(100=totally free 0=totally repressed )
COUNTRY AND POPULATION OVERVIEW
Time zone UTC+2
Total area 238,391 km2 (2006)
Capital Bucharest (2009)
Currency lei (RON) (2009)
Government type republic (2009)
Languages Romanian 91% (official), Hungarian 6.7%, Romany (Gypsy) 1.1%, other 1.2%
Religions Eastern Orthodox (including all sub-denominations) 86.8%, Protestant (various denominations including Reformate and Pentecostal) 7.5%, Roman Catholic 4.7%, other (mostly Muslim) and unspecified 0.9%, none 0.1% (2002 census)
Total population 21.41 million (2009 forecast)
Urban population as % of total population 54% (2006)
Population median age 37.0 years (2006)
Population growth rate -0.40% (2006)
Life expectancy 72 years (2007)
Adult literacy 98% (2000/2007)
% of population living on less than $2 a day 3.40% (2008)
Inequality of wealth distribution (Gini index)

31 (2003)

(0=perfect equality, 100=absolute inequality)
Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2009)

(1 represents the most free, 7 the least free)
Total telephone subscribers as % of population

126.58% (2007)

(sum of fixed telephone lines and mobile cellular subscribers)
Internet users as % of total population 29.00% (data refer to 2008 and were released in 2009)
Cost of living - Mercer index

(ranking by city on a basis of 143; the 1st is the most expensive and the 143rd is the least expensive; New York is the base city)

New York - Index: 100 (Base)

Bucharest: 107th - Index: 66.5 (2009)
CO2 emissions

4.1621 (2004)

(metric tons of CO2 per capita)
GLOBAL FINANCE RANKINGS AND AWARDS

TOP 200 EMERGING MARKET BANKS 2008

  • Banca Comerciala Romana (2008)
  • BRD-Groupe Société Générale (2008)

WORLD'S BEST INTERNET BANKS

2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks Garantibank Romania (National, 2009)
  • COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (2009)
2008:
  • COUNTRY WINNERS / Best Consumer Internet Banks Raiffeisen Bank (National, 2008)
  • COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (2008)

WORLD'S BEST EMERGING MARKET BANKS

2010:
  • COUNTRY WINNERS BRD-Groupe Societe Generale (National, 2010)
2009:
  • COUNTRY WINNERS BRD-Groupe Société Générale (2009)
2008:
  • COUNTRY WINNERS BRD-Groupe Société Générale (National, 2008)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE