Romania’s GDP per capita reached USD 26,500 this year, up by some USD 6,000 compared to 2015, according to a World Bank report.

In the last three years, the GDP per capita rose on average by some USD 2,000 as Romania had one of the fastest economic growth rates in Europe.

World Bank forecasts show that in 2020, Romania’s GDP per capita should reach USD 29.820, which is less than Switzerland’s GDP per capita in 1989, local Ziarul Financiar reported. By 2023, the indicator should rise to USD 35,120. Romania started from a GDP per capita of USD 7,490 in 1989.

The highest GDP per capita levels in Europe are recorded in Luxembourg (USD 110,870), Ireland (USD 79,920) and Norway (USD 74,070). Meanwhile, Romania, Bulgaria, Croatia, Latvia and Russia have some of the lowest levels, of under USD 30,000.

Prognosis: EUR 200 bln GDP threshold for Romania in 2018

editor@romania-insider.com