Romania GDP Data & Country Report

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

International Reserves

US$ 50.809 billion (Source: IMF; Data updated: November 2011)

Gross Domestic Product - GDP

US$ 174.429 billion (2010 estimate)

GDP (Purchasing Power Parity)

260.725 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
2.9%	5.7%	5.1%	5.2%	8.5%	4.2%	7.9%	6.3%
2008	2009	2010	2011*
7.4%	-7.1%	-1.3%	1.5%

*Estimate

GDP per capita - current prices

US$ 8,157 (2010 estimate)

GDP per capita - PPP

$12,192 International Dollars (2010 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.72%	0.56%	0.33%	0.34%	0.33%

**Forecast

GDP - composition by sector

agriculture: 12.4%
industry: 35%
services: 52.6% (2009 estimate)

(Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)

0.58% (2008)

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
7.8%(2008)	5.6%	6.1%	6.1%

*Estimate

Unemployment rate

2008	2009	2010	2011*
4%	6.3%	7.6%(2009)	6.6%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
19.8%	21.3%	29.6%	35.2%	37.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-3.1%	-4.8%	-7.4%	-6.8%	-4.4%

*Estimate **Forecast

Government bond ratings

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

Moody's rating: Baa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$44.925 billion	US$19.923 billion	US$30.325 billion

Largest companies in Romania

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -8.8 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-5% of GDP (2010 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

33.3% (2009)

(Data released on December 2010)

Shares in world total merchandising export

0.32%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.23%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$51.91 billion f.o.b. (2010 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

2008	2009	2010
US$13,910 million	US$4,847 million(2009)	US$3,573 million(2009)

FDI outflows

2008	2009	2010
US$277 million	US$-86 million	US$193 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$4 million	US$7 million(2009)	US$24 million(2009)	N/A

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)

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2010

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

N/A(2008 estimate)

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

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 56 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 44 out of 183 countries(2009)

Registering property: 92 out of 183 countries

Paying Taxes: 151 out of 183 countries

Getting credit: 15 out of 183 countries

Protecting investors: 44 out of 183 countries

Trading across border: 47 out of 183 countries

Enforcing Contracts: 54 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 63 Score: 64.7 (Moderately Free) (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

1980	1990	2000	2010*	2015**
22.52 million	23.54 million	22.44 million	21.43 million	21.21 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
34.2%	46.1%	53.5%	54.4%

Population median age

37.0 years (2006)

Population growth rate

-0.1% (2009)

Life expectancy

72 years (2007)

Adult literacy

98% (2000/2007)

% of population living on less than $2 a day

<2% (2011)

Inequality of wealth distribution (Gini index)

31.2 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:2 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

135.62% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

39.93% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Bucharest: 152nd (2011)

CO2 emissions
(Metric tons of CO2 per capita)

4.4314 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2011)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)

2010:

COUNTRY WINNERS / Best Consumer Internet Banks Garanti Bank International (National, 2010)
COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (National, 2010)

2009:

COUNTRY WINNERS / Best Consumer Internet Banks Garantibank Romania (National, 2009)
COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (2009)

WORLD'S SAFEST BANKS

2011:

REGIONAL WINNERS Banca Commerciala Romana (Central & Eastern Europe, 2011)

WORLD'S BEST EMERGING MARKET BANKS

2011:

COUNTRY WINNERS BRD-Groupe Societe Generale (National, 2011)

2010:

COUNTRY WINNERS BRD-Groupe Societe Generale (National, 2010)

2009:

COUNTRY WINNERS BRD-Groupe Société Générale (2009)

WORLD'S BEST SUB CUSTODIANS

2011:

COUNTRY WINNERS ING Bank (National, 2011)

TOP 200 EMERGING MARKETS BANKS

2010:

OVERALL BIGGEST Banca Comerciala Romana (Global, 2010)
OVERALL BIGGEST BRD-Groupe Société Générale (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2011:

COUNTRY WINNERS Banca Comerciala Romana (BCR) (National, 2011)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Romania GDP Data & Country Report | Global Finance

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S SAFEST BANKS

2011:

WORLD'S BEST EMERGING MARKET BANKS

2011:

2010:

2009:

WORLD'S BEST SUB CUSTODIANS

2011:

TOP 200 EMERGING MARKETS BANKS

2010:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2011: