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Overview

Country Context

Romania

2020

Population, million

19.2

GDP, current US$ billion

245.4

GDP per capita, current US$

12,757.5

Life Expectancy at Birth, years

75.4

The Romanian economy contracted by 3.9 percent in 2020, reflecting a better-than-expected fourth quarter performance of -1.4 percent year-on-year. The fiscal deficit surged to 9.8 percent of projected GDP at the end of 2020 on the back of COVID-19-related expenditures and lower revenues due to the economic downturn and tax relief. The impact of the stimulus pursued at the European Union (EU) level will play a critical role in the recovery, given the limited fiscal space. Poverty is anticipated to increase in the short term as the protracted impacts of COVID-19 affect domestic income sources and remittances.  

The World Bank classified Romania as a high-income country for the first time, based on 2019 data (per capita income of $12,630). This is an important development for investment rating decisions and for accession negotiations to the Organisation for Economic Co-operation and Development. 

The Bucharest Stock Exchange (BVB) officially became an emerging market as of September 21, 2020, when the first two Romanian companies were included in the FTSE Global Equity Index Series (GEIS). The two Romanian companies to be included in the FTSE Global All Cap Index and three other indexes are lender Banca Transilvania (TLV) and energy producer Nuclearelectrica (SNN). 

Last Updated: Apr 05, 2021

LENDING

Romania: Commitments by Fiscal Year (in millions of dollars)*

*Amounts include IBRD and IDA commitments
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Country Office Contacts

Bucharest, Romania
31 Vasile Lascar St. / Sector 2 UTI Building, 6th floor
020492 Bucharest, Romania
40 21 201 03 11
40 21 201 03 38