http://www.tradingeconomics.com/RSS Feed60http://www.tradingeconomics.com/romania/current-account-to-gdpRomania reported a Current Account deficit of 4.4 percent of the country's Gross Domestic Product in 2011. Historically, from 1980 until 2010, Romania Current Account to GDP averaged -3.4700 Percent reaching an all time high of 6.6000 Percent in December of 1988 and a record low of -13.4000 Percent in December of 2007. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for Romania Current Account to GDP. EurostatFri, 25 May 2012 18:51:00 GMThttp://www.tradingeconomics.com/romania/gdp-growthThe Gross Domestic Product (GDP) in Romania contracted 0.10 percent in the first quarter of 2012 over the previous quarter. Historically, from 2000 until 2012, Romania GDP Growth Rate averaged 0.8900 Percent reaching an all time high of 3.6000 Percent in March of 2008 and a record low of -4.8000 Percent in March of 2009. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. Romania is an upper-middle income economy and has been part of the European Union since 2007. In recent years, domestic consumption and foreign direct investments have been stimulating Romania's GDP growth. Yet, corruption and red tape continue to be major hurdle for the future development. The main industries in Romania are: electric machinery and equipment, textiles and footwear, light machinery and auto assembly, software, mining, timber, construction materials, metallurgy, chemicals, food processing and petroleum refining. This page includes a chart with historical data for Romania GDP Growth Rate.National Institute of StatisticsTue, 15 May 2012 11:44:00 GMThttp://www.tradingeconomics.com/romania/gdp-growth-annualThe Gross Domestic Product (GDP) in Romania expanded 0.80 percent in the first quarter of 2012 over the same quarter of the previous year. Historically, from 2001 until 2012, Romania GDP Annual Growth Rate averaged 3.8000 Percent reaching an all time high of 9.8000 Percent in September of 2004 and a record low of -8.7000 Percent in June of 2009. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. This page includes a chart with historical data for Romania GDP Annual Growth Rate.National Institute of StatisticsTue, 15 May 2012 11:44:00 GMThttp://www.tradingeconomics.com/romania/industrial-productionIndustrial Production in Romania increased 0.54 percent in March of 2012. Historically, from 2001 until 2012, Romania Industrial Production averaged 2.8000 Percent reaching an all time high of 16.6000 Percent in May of 2006 and a record low of -16.4000 Percent in January of 2009. Industrial production measures changes in output for the industrial sector of the economy which includes manufacturing, mining, and utilities. Industrial Production is an important indicator for economic forecasting and is often used to measure inflation pressures as high levels of industrial production can lead to sudden changes in prices. This page includes a chart with historical data for Romania Industrial Production.National Institute of StatisticsFri, 11 May 2012 11:54:00 GMThttp://www.tradingeconomics.com/romania/inflation-cpiThe inflation rate in Romania was recorded at 1.80 percent in April of 2012. Historically, from 1991 until 2012, Romania Inflation Rate averaged 58.1300 Percent reaching an all time high of 316.9000 Percent in November of 1993 and a record low of 1.8000 Percent in April of 2012. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes a chart with historical data for Romania Inflation Rate.National Institute of StatisticsFri, 11 May 2012 11:50:00 GMThttp://www.tradingeconomics.com/romania/unemployment-rateThe unemployment rate in Romania was last reported at 7.7 percent in the fourth quarter of 2011. Historically, from 2006 until 2011, Romania Unemployment Rate averaged 6.7800 Percent reaching an all time high of 8.1000 Percent in March of 2010 and a record low of 5.4000 Percent in September of 2008. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Romania Unemployment Rate.National Institute of StatisticsThu, 10 May 2012 17:26:00 GMThttp://www.tradingeconomics.com/romania/importsRomania imports were worth 4728 Million EUR in March of 2012. Historically, from 2000 until 2012, Romania Imports averaged 2690.2400 Million EUR reaching an all time high of 5052.0000 Million EUR in November of 2011 and a record low of 729.0000 Million EUR in January of 2000. Romania imports machinery and transport equipment, raw materials, chemicals and fuels. Its main imports partners are other European Union members with Germany, Italy, Hungary and France being the most important. Others include Russia and Turkey. This page includes a chart with historical data for Romania Imports.National Institute of StatisticsThu, 10 May 2012 17:25:00 GMThttp://www.tradingeconomics.com/romania/exportsRomania exports were worth 4014 Million EUR in March of 2011. Historically, from 2000 until 2012, Romania Exports averaged 2061.9500 Million EUR reaching an all time high of 4184.0000 Million EUR in September of 2011 and a record low of 693.0000 Million EUR in January of 2000. Romania exports mostly machinery and transport equipment, raw materials, and miscellaneous manufactured articles like textiles and footwear. Romania main exports partners are other European Union members with Germany, Italy and France being the most important. Others include Turkey. This page includes a chart with historical data for Romania Exports.National Institute of StatisticsThu, 10 May 2012 17:25:00 GMThttp://www.tradingeconomics.com/romania/balance-of-tradeRomania reported a trade deficit equivalent to 714 Million EUR in March of 2012. Historically, from 2000 until 2012, Romania Balance of Trade averaged -628.3200 Million EUR reaching an all time high of 73.0000 Million EUR in January of 2011 and a record low of -2018.0000 Million EUR in September of 2008. Romania exports mostly machinery and transport equipment, raw materials, and miscellaneous manufactured articles like textiles and footwear. Romania imports machinery and transport equipment, raw materials, chemicals and fuels. More than 70% of exports and imports are with other European Union members with Italy, Germany and France being the most important. This page includes a chart with historical data for Romania Balance of Trade.National Institute of StatisticsThu, 10 May 2012 17:25:00 GMThttp://www.tradingeconomics.com/romania/retail-sales-annualRetail Sales in Romania increased 3.10 percent in March of 2012 over the same month in the previous year. Historically, from 2001 until 2012, Romania Annual Retail Sales averaged 7.6700 Percent reaching an all time high of 32.8000 Percent in June of 2008 and a record low of -17.3000 Percent in June of 2009. A Retail sales report provides an aggregated measure of sales of retail goods over a specific time period. Retail sales are both seasonal and volatile and their importance to the overall gross domestic product varies with each country. However, the retail sales data is widely followed by investors because is only a few weeks old. This page includes a chart with historical data for Romania Annual Retail Sales.National Institute of StatisticsThu, 10 May 2012 17:24:00 GMThttp://www.tradingeconomics.com/romania/retail-salesRetail Sales in Romania increased 1.20 percent in March of 2012 over the previous month. Historically, from 2000 until 2012, Romania Retail Sales averaged 0.5600 Percent reaching an all time high of 10.9000 Percent in December of 2007 and a record low of -5.6000 Percent in July of 2010. A Retail sales report provides an aggregated measure of sales of retail goods over a specific time period. Retail sales are both seasonal and volatile and their importance to the overall gross domestic product varies with each country. However, the retail sales data is widely followed by investors because is only a few weeks old. This page includes a chart with historical data for Romania Retail Sales.National Institute of StatisticsThu, 10 May 2012 17:24:00 GMThttp://www.tradingeconomics.com/romania/current-accountRomania reported a current account deficit equivalent to 626 Million EUR in February of 2012. Historically, from 2000 until 2012, Romania Current Account averaged -545.5100 Million EUR reaching an all time high of 190.0000 Million EUR in February of 2009 and a record low of -2290.0000 Million EUR in May of 2008. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for Romania Current Account.National Bank of RomaniaThu, 10 May 2012 16:34:00 GMThttp://www.tradingeconomics.com/romania/interest-rateThe benchmark interest rate in Romania was last reported at 5.25 percent. Historically, from 2005 until 2012, Romania Interest Rate averaged 8.0000 Percent reaching an all time high of 12.5000 Percent in July of 2005 and a record low of 5.2500 Percent in March of 2012. In Romania, interest rates decisions are taken by the Board of the National Bank of Romania (Banca Nationala a Romaniei). The official interest rate is the Policy Rate. This page includes a chart with historical data for Romania Interest Rate.National Bank of RomaniaThu, 10 May 2012 16:15:00 GMThttp://www.tradingeconomics.com/romania/government-debt-to-gdpRomania recorded a Government Debt to GDP of 33.30 percent of the country's Gross Domestic Product in 2011. Historically, from 1999 until 2011, Romania Government Debt To GDP averaged 21.2800 Percent reaching an all time high of 33.3000 Percent in December of 2011 and a record low of 12.4000 Percent in December of 2006. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Romania Government Debt To GDP.EurostatFri, 04 May 2012 16:24:00 GMThttp://www.tradingeconomics.com/romania/government-budgetRomania reported a Government Budget deficit equal to 5.20 percent of the country's Gross Domestic Product in 2011. Historically, from 1993 until 2011, Romania Government Budget averaged -1.8000 Percent of GDP reaching an all time high of 1.7000 Percent of GDP in December of 1999 and a record low of -9.0000 Percent of GDP in December of 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes a chart with historical data for Romania Government Budget.Finance Ministry of RomaniaFri, 04 May 2012 16:24:00 GMThttp://www.tradingeconomics.com/romania/gdp-per-capitaThe Gross Domestic Product per capita in Romania was last reported at 2636.29 US dollars in 2010, according to a report published by the World Bank. The GDP per Capita in Romania is equivalent to 21 percent of the world's average. Historically, from 1980 until 2010, Romania GDP per capita averaged 1999.5400 USD reaching an all time high of 2844.6400 USD in December of 2008 and a record low of 1532.6600 USD in December of 1992. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Romania GDP per capita.World BankWed, 04 Jan 2012 19:04:00 GMThttp://www.tradingeconomics.com/romania/gdp-per-capita-pppThe Gross Domestic Product per capita in Romania was last reported at 14287.26 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Romania, when adjusted by Purchasing Power Parity is equivalent to 65 percent of the world's average. Historically, from 1981 until 2010, Romania GDP per capita PPP averaged 6910.3700 USD reaching an all time high of 14657.5900 USD in December of 2008 and a record low of 3702.9800 USD in December of 1981. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Romania GDP per capita PPP.World BankWed, 04 Jan 2012 19:02:00 GMThttp://www.tradingeconomics.com/romania/population Historically, from 1960 until 2010, Romania Population averaged 21.4800 Million reaching an all time high of 23.2100 Million in December of 1990 and a record low of 18.4000 Million in December of 1960. The total population in Romania was last reported at 21.5 million people in 2010 from 18.4 million in 1960, changing 17 percent during the last 50 years. Romania has 0.31 percent of the world´s total population which means that one person in every 321 people on the planet is a resident of Romania. This page includes a chart with historical data for Romania's Total Population. This page includes a chart with historical data for Romania Population.World BankFri, 28 Oct 2011 13:56:00 GMT