Steadily, Romania with its + 19 million potential
consumers is billed as one of the fastest growing economies in the EU. In 2016, Romania had a GDP (PPP) of
around $441.601 billion. According to
the World Bank, Romania is an upper-middle income country economy.
Romania's
main exports are cars, software, clothing and textiles,
industrial machinery, electrical and electronic equipment, metallurgic
products, raw materials, military equipment, pharmaceuticals, fine chemicals,
and agricultural products (fruits, vegetables, and flowers). Trade is mostly centered on the member
states of the European Union, with Germany and Italy being the country's single
largest trading partners.
Since 2000, Romania has attracted increasing amounts of foreign investment, becoming
the single largest investment destination in Southeastern and Central Europe.
According to
the INSSE, Romania's total road network was estimated in 2015 at 86,080 kilometres
(53,488 mi).
Romania is a
net exporter of electrical energy and is 48th worldwide in
terms of consumption of electric energy. Around a third of the produced energy
comes from renewable sources, mostly as hydroelectric power.
Romania has one of the largest refining capacities in Eastern
Europe. With one of the largest reserves of crude oil and shale gas in Europe,
it is among the most e.nergy-independent countries in the European Union, and
is looking to further expand its nuclear power plant at Cernavodă.
There were
almost 18, 3 million connections to the Internet in June 2014,
According to Bloomberg.
Tourism is a
significant contributor to the Romanian economy.
According to the World Travel and Tourism Council, Romania was estimated to
have the fourth-fastest-growing travel and tourism total demand in the world,
with an estimated potential growth of 8% per year from 2007 to 2016.
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