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Romania - Trade & Marketing Information
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ALIGN="RIGHT" SRC="/cgtd/global/eeurope/romania.gif"> Romania - key economic data 


Economy Overview:

    Despite the continuing difficulties in moving away from the former command
    system, the Romanian economy seems to have bottomed out in 1993-94. Market
    oriented reforms have been introduced fitfully since the downfall of
    CEAUSESCU in December 1989, with the result a growing private sector,
    especially in services. The slow pace of structural reform, however, has
    exacerbated Romania's high inflation rate and eroded real wages.
    Agricultural production rebounded in 1993 from the drought-reduced harvest
    of 1992. The economy continued its recovery in 1994, further gains being
    realized in agriculture, construction, services, and trade. Food supplies
    are adequate but expensive. Romania's infrastructure had deteriorated over
    the last five years due to reduced levels of public investment. Residents of
    the capital reported frequent disruptions of heating and water services. The
    slow and painful process of conversion to a more open economy will continue
    in 1995.


National product:
    GDP - purchasing power parity - $64.7 billion (1994 est.)
National product real growth rate:
    3.4% (1994 est.)
National product per capita:
    $2,790 (1994 est.)
Inflation rate (consumer prices):
    62% (1994)
Unemployment rate:
    10.9% (December 1994)
Budget:
  revenues:
    $8.3 billion
  expenditures:
    $9.4 billion, including capital expenditures of $NA (1995 est.)




Industrial production:

    growth rate -1% (1993 est.); accounts for 45% of GDP
Electricity:
  capacity:
    22,180,000 kW
  production:
    50.8 billion kWh
  consumption per capita:
    2,076 kWh (1993)





Economic Activity


Industries:

    mining, timber, construction materials, metallurgy, chemicals, machine
    building, food processing, petroleum production and refining

Agriculture:
    accounts for 18% of GDP and 28% of labor force; major wheat and corn
    producer; other products - sugar beets, sunflower seed, potatoes, milk,
    eggs, meat, grapes
Romania - key foreign trade data 


Exports:

    $6 billion (f.o.b., 1994)
  Commodities:
    metals and metal products 17.6%, mineral products 11.9%, textiles 18.5%,
    electric machines and equipment 8.4%, transport materials 6.5% (1994)
   Major Trade Partners::
    EC 36.1%, developing countries 27.4%, East and Central Europe 14.9%, EFTA
    5.1%, Russia 5%, Japan 1.4%, US 1.3% (1993)



Imports:

    $6.3 billion (f.o.b., 1994)
  Commodities:
    minerals 21.1%, machinery and equipment 19.7%, textiles 11.5%, agricultural
    goods 9.2% (1994)
   Major Trade Partners::
    EC 45.8%, East and Central Europe 8.6%, developing countries 22.6%, Russia
    11%, EFTA 6.2%, US 5.0%, Japan 0.8% (1993)
External debt:
    $4.4 billion (1994)
Romania - Trade, Industry & Marketing information

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