The State of Europe – Richest and Poorest Countries in the Continent

Romania

The Romanian economy has recently seen a boom in development. They are a leading destination in central Europe for Foreign Direct Investment. As such, Bucharest, the capital city, is one of the leading financial centers in Europe. Romania has also recently developed greatly in mobile technology, information security, and hardware research.

The Romanian economy ranks 40th in the world with a $516 Billion annual output according to PPP. The Romanian economy is expected to see a slowdown in growth from 2018; however, recent projections are showing it will remain steady and moving upward. Industry in Romania generated 33% of their GDP in the first half of 2018.

credit: Wikipedia
The chief exports of Romania are vehicles, machinery, electronic products, pharmaceuticals, transport equipment, and other industrial materials. The Romanian economy is currently 48% services, 29% industry, and 23% agriculture.

GDP global rank: 46th
GDP per capita global rank: 57th
GDP European rank: 19th
GDP per capita European rank: 54th