Romania FlagRomania

Always Loyal To The Country.

 

General


Population: 21,729,871 (2014), 21,790,479 (2013)
Land Area: 237,500 sq km
Natural Resources: Petroleum, timber, natural gas, coal, iron ore, salt, arable land, hydro power
Capital: Bucharest
Political System: Republic
State Leader: Klaus Iohannis (December 21st 2014)
Head of Government: Victor-Viorel Ponta (May 7th 2012)
Languages: Romanian, Hungarian, Romany
Currency: New Leu (RON)
Major Religions: Eastern Orthodox 86.8%, Protestant 7.5%, Roman Catholic 4.7%, Other and Unspecified 0.9%, None 0.1%
Major Ethnicities: Romanian 89.5%, Hungarian 6.6%, Roma 2.5%, Ukrainian 0.3%, German 0.3%, Russian 0.2%, Turkish 0.2%, Other 0.4%
Life Expectancy: 74.69 years (2014), 74.45 years (2013)

Economy


GDP Official Exchange Rate: 188.9 billion (2013), 169.4 billion (2012)
GDP Purchasing Power Parity: 288.5 billion (2013), 277.9 billion (2012)
GDP Per Capita (PPP): 14,400 (2013), 13,000 (2012)
GDP Growth Rate: 3.5% (2013), 0.3% (2012)
GDP Structure: Agriculture 6.4%, Industry 34.2%, Services 59.4% (2013)
Labour Force By Occupation: Agriculture 29%, Industry 28.6%, Services 42.4% (2012)
Industries: Electric machinery and equipment, textiles and footwear, light machinery and auto assembly, mining, timber, construction materials, metallurgy, chemicals, food processing, petroleum refining
Agriculture Products: Wheat, corn, barley, sugar beets, sunflower seed, potatoes, grapes; eggs, sheep
Human Development Index: 0.785 (54th)(2014), 0.786 (56th)(2013)
Tourism Revenue: 607 million (2004)
Unemployment Rate: 7.3% (2013), 5.6% (2012)

MilitaryRomania Map


Army Size: 97 200 (2004)
Budget: 1.9% of GDP (2007)

Current Situation

 

Romania is located in Eastern Central Europe. Romania is bordered by Bulgaria, Hungary, Moldova, Serbia and Ukraine. Romania's economy has grown since the fall of the Soviet Union, it had to overcome an obsolete industrial base and poor infrastructure. It is now one of the fastest growing economies in the European Union. The services sector is the largest sector in Romania, but the primary sector is still a big employer. Romania has introduced very low personal and corporate income taxes, which has made it very competitive in attracting foreign companies.

(2014) Economic growth in 2013 recovered strongly from 2012 and this thrend is expected to continue in 2014. A new President of Romania was elected in 2014.

Thoughts & Comments

 

Sources

CIA World Factbook: Romania
Wikipedia: Romania
http://hdrstats.undp.org/en/countries/profiles/ROU.html

Updated on: December 13th, 2014