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23 February, 2021updated 30 Oct 2021 05:01

Investing in Romania: what you need to know

All of the key data and information needed when considering investing in Romania.

By Carmen

As of 2021, Romania has a population of 19.1 million, making it the 62nd largest country in the world by this measure. There are 49% males and 51% females.

There are 8.4 million people employed in Romania, with an unemployment rate of 6% – 358,146 people.

Romania is the 44th largest economy in the world with a GDP of $259.7bn. Romania’s GDP has grown by 57% between 2010 and 2021 and is expected to grow by 44% by 2025.

As of 2021 there are 535,749 students in tertiary education in Romania, with 1.5 million students in secondary and 1.1 million in primary education. Romania spent 2.3% of its GDP on education in 2019.

Romania ranked 55th in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 52nd. In the World Economic Forum’s Global Competitiveness Report (2019), Romania finished 51st, after ranking 51st in 2018.

Public healthcare expenditure totalled $9.6bn and private healthcare expenditure equalled $2.6bn in 2018.

The largest urban areas in Romania are Bucharest (2.3 million people), Bucharest City (1.8 million) and Iasi (778,177).

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