How is the Romanian economy?

Romania’s economy ranks in the upper middle among the Central and Eastern European member states of the European Union.

After the drastic changes in 1989, Romania began to transition from a planned economy to a market economy. The economy grew continuously from 2000 to 2008. Affected by the international financial crisis, the economy experienced continuous negative growth in 2009 and 2010. In 2011, the economy stopped slipping and rebounded, with a year-on-year growth of 2.5%.

The Romanian economy maintained rapid growth before the economic crisis.

In 2013, Romania’s economy grew by 3.5%, ranking first among the 28 EU member states. At current prices, the GDP is approximately 142.8 billion euros, and the per capita GDP is 7,098 euros.