National economy of Romania - industries, GDP and prosperity level
Romania is considered an industrial agricultural country with a fairly high level of economic development. Every year, the number of highly skilled labor rises. Among all countries of the European Union, Romania ranks 11th position, although the GDP per capita of the country barely falls within average European level. Romania occupies 14th place based on purchasing capacity. Quite considerable importance is ascribed to Agriculture, accounting for almost 40% of the total economically active population, even though only 20 years ago it accounted for less than 25%. Thanks to the fact that the country has very diverse soils and climatic conditions, multisectoral agriculture has been well formed.
Romania is a parliamentary-presidential republic in which a democratic regime reigns. The state system is based on the Constitution of Romania, which …
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The official language in Romania is Romanian. Statistics show that about 90% of the population today considers this their native language. Despite the …
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The service sector contributes greatly to the country’s GDP. Most of this is due to the fact that Romania is located at the crossroads of major European highways. Rail, air and road transportation systems are well developed here. Today, the total length of the country’s railways is about 12,000 kilometers, and the highway length is more than 82,000 kilometers, although the quality of highways is low. The largest transportation hub, which brings a huge contribution to the country’s budget, is Bucharest. In addition, the navy of the country remains at high levels. It includes more than six hundred dry cargo vessels. The main port of Romania is located in the city of Constanta, bringing about 60% of the total foreign trade turnover of the country.
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