Field: Economic development and infrastructure

Subfield: Economic development

Details:

The indicator measures the growth of gross domestic product in real terms, compared to the growth in the previous year. The dynamics of this indicator in real terms is inflation adjusted. In recent years, Romania’s GDP has fluctuated, from periods of accelerated growth, to periods of decrease, that have diminished previous growth. Moreover, recovery after recession is becoming increasingly difficult. After Romania became a member of the EU, GDP volatility has increased. It is difficult to bridge the gap between Romania and EU average and Eurozone average (for instance, in 2010-2015, Romania grew at 1.8%, while Poland grew on average by 3.11%; EU growth in the same period, on average, was 1.3%, 0.98% in the Eurozone). There are even wider gaps between Romania’s development regions (in 2015, 27% of Romania’s GDP came exclusively from Bucharest-Ilfov region), and between urban and rural areas (in 2013 only 37% of Romania’s GDP was produced in the rural area, and the percentage has been decreasing ever since).