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World Factbook

Romania

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated

revenues

$93.691 billion (2022 est.)

expenditures

$112.799 billion (2022 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$129.286 billion (2022 est.)

Exports 2023

$136.488 billion (2023 est.)

Exports 2024

$136.253 billion (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$149.209 billion (2022 est.)

Imports 2023

$153.427 billion (2023 est.)

Imports 2024

$159.575 billion (2024 est.)

Industries

electric machinery and equipment, auto assembly, textiles and footwear, light machinery, metallurgy, chemicals, food processing, petroleum refining, mining, timber, construction materials

Labor force

8.263 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

note

note: central government debt as a % of GDP

Public debt 2022

50.9% of GDP (2022 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2022

3% of GDP (2022 est.)

Remittances 2023

2.8% of GDP (2023 est.)

Remittances 2024

2.5% of GDP (2024 est.)

Exchange rates

Currency

lei (RON) per US dollar -

Exchange rates 2020

4.244 (2020 est.)

Exchange rates 2021

4.16 (2021 est.)

Exchange rates 2022

4.688 (2022 est.)

Exchange rates 2023

4.574 (2023 est.)

Exchange rates 2024

4.598 (2024 est.)

Economic overview

high-income, EU-member economy; euro membership delayed over macroeconomic indicators; persistent inflation, but consumption and EU-funded investments driving recovery; skilled labor shortage; high public debt and budget deficit; challenges include fiscal sustainability and political instability

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

5.7% (2022 est.)

Unemployment rate 2023

5.6% (2023 est.)

Unemployment rate 2024

5.4% (2024 est.)

Exports - partners

Germany 19%, Italy 10%, France 6%, UK 5%, Hungary 4% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

Germany 19%, Italy 8%, Hungary 6%, Poland 6%, China 6% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$39,400 (2022 est.)

Real GDP per capita 2023

$40,300 (2023 est.)

Real GDP per capita 2024

$40,600 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

4% (2022 est.)

Real GDP growth rate 2023

2.4% (2023 est.)

Real GDP growth rate 2024

0.8% (2024 est.)

Agricultural products

wheat, maize, milk, sunflower seeds, barley, rapeseed, potatoes, grapes, plums, apples (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

cars, vehicle parts/accessories, insulated wire, garments, wheat (2023)

note: top five export commodities based on value in dollars

Imports - commodities

vehicle parts/accessories, packaged medicine, cars, crude petroleum, plastic products (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

-$27.326 billion (2022 est.)

Current account balance 2023

-$24.461 billion (2023 est.)

Current account balance 2024

-$31.988 billion (2024 est.)

Taxes and other revenues

16.2% (of GDP) (2022 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$382.768 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

63.5% (2024 est.)

government consumption

18.3% (2024 est.)

investment in inventories

-1.4% (2024 est.)

investment in fixed capital

25.7% (2024 est.)

exports of goods and services

35.6% (2024 est.)

imports of goods and services

-41.7% (2024 est.)

Population below poverty line

21.1% (2022 est.)

note: % of population with income below national poverty line

Average household expenditures

on food

25.1% of household expenditures (2023 est.)

on alcohol and tobacco

6.1% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

13.8% (2022 est.)

Inflation rate (consumer prices) 2023

10.4% (2023 est.)

Inflation rate (consumer prices) 2024

5.7% (2024 est.)

Industrial production growth rate

-0.9% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$750.091 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$768.126 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$774.376 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

21.1% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

21.3% (2024 est.)

female

21.8% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$55.81 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$73 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$73.391 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

25% (2024 est.)

services

62.5% (2024 est.)

agriculture

3.3% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

1.9% (2022 est.)

highest 10%

22.6% (2022 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2022

32.3 (2022 est.)