The Economy of Romania
Romania at a Glance
Romania is Southeast Europe's largest economy after Poland's neighbours, with cars, IT services, agriculture and a large diaspora.
Romania has about 19 million people and joined the EU in 2007. Its economy grew quickly after 2000 but remains among the EU’s poorer ones.
Structure
Manufacturing (cars, machinery), IT outsourcing, construction and agriculture.
Position
Income per person is around three-quarters of the EU average when adjusted for prices.
Currency
It still uses the leu and has not yet adopted the euro.
A car brand
Dacia cars, made in Romania by Renault, are sold across Europe as budget vehicles.
Assuming Romania is only agricultural
IT and manufacturing are big.
Key takeaways
- Romania is an EU member.
- It keeps the leu.
- Cars and IT are strengths.
- Incomes lag the EU average.
No recording for this one yet - EconReader can read it aloud for you.