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Trade information Romania |
Trade information Romania
Romania joined NATO on March 29, 2004, and the European Union (EU) on January 1, 2007.
From 2000 onwards, however, the Romanian economy was transformed into one of relative macroeconomic stability, characterised by high growth, low unemployment and declining inflation. In 2006, according to the Romanian Statistics Office, GDP growth was recorded at 7.7%, one of the highest rates in Europe.
Trade is mostly centred on the member states of the European Union, with Germany and Italy being the country's single largest trading partners. The country, however, maintains a large trade deficit, as it imports 37% more goods than it exports.
The average gross wage per month in Romania is 1367 lei as of March 2007, equating to €405.11 (US$535.80) based on international exchange rates and $846.06 based on purchasing power parity.
Since 2000, Romania has attracted increasing amounts of foreign investment, becoming the single largest investment destination in Southeastern and Central Europe. Foreign direct investment was valued at €8.3 billion in 2006.
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Trade information Romania