GDP, current US$ billion
GDP per capita, current US$
Life Expectancy at Birth, years (2016)
Since joining the European Union (EU), Romania has been on a fast catching-up trajectory with the rest of the EU in terms of GDP per capita and productivity. Nevertheless, despite significant progress, persistent social and regional disparities constitute a long-term development challenge.
The country’s incomplete structural transformation is associated with an uneven spatial distribution of opportunities. Although 45 percent of the population reside in rural areas, the urban-rural gap in mean equivalized net income is the second highest in the EU, and mean urban income is almost 50 percent higher than mean rural income.
The Romania Systematic Country Diagnostic (2018) notes that the incomplete institutional transition and high political and legislative volatility over the past 25 years have limited the Government’s ability to implement important public policies to build key economic infrastructure and create equal opportunities for all citizens.
Shortcomings in public service delivery, especially for the poor, are often caused by underperforming state-owned enterprises (SOEs) but also by inefficient policies and low administrative capacity.
The current political scene is dominated by upcoming presidential elections that will take place on November 10 (first round) and November 24 (second round).
Last Updated: Oct 18, 2019