Economy
The most important sectors of Romania’s economy in 2018 were industry (26.1%), wholesale and retail trade, transport, accommodation and food services (20.2%) and public administration, defence, education, human health and social work activities (14.5%). Currency: RON GDP Per Capita: 12,919.5 USD (2019) GDP Growth Rate: 4.1%annual change (2019) Gross Domestic Product: 234,822.41 million (2019) GNI Per Capita: 28,350 PPP dollars (2018)
Romania
Foreign Trade
Romania’s main export partners are Germany, Italy, and France while its main import partners are Germany, Italy, and Hungary. Exports: The top exports of Romania are Vehicle Parts ($7.53B), Cars($5.62B), Insulated Wire ($4.75B), Refined Petroleum ($2.62B), and Electrical Control Boards ($2.21B). Imports:The top imports of Romania are Vehicle Parts ($4.66B), Crude Petroleum ($3.69B), Cars($2.96B), Packaged Medicaments ($2.88B), and Insulated Wire($2.19B). Romania exports mostly to Germany ($18.3B), Italy ($8.8B), France ($5.51B), United Kingdom ($3.41B), and Hungary ($3.36B), and imports mostly from Germany ($18.6B), Italy ($9.14B), Hungary ($6.18B), Poland ($5.42B), and China ($4.99B).
Finances with European Union
Breakdown of Romania’s finances with the EU: Total EU spending in Romania : 4.865 billion Total EU spending as %of Romanian gross national income (GNI) : 2.45% Total Romanian contribution to the EU budget:1.655 billion Romanian contribution to the EU budget as %of its GNI : 0.83%