Balance of payments

In 2016, Romania had a GDP (PPP) of around $441.601 billion and a GDP per capita (PPP) of
$22,348. According to the World Bank, Romania is an upper-middle income country economy.[187] According
to Eurostat, Romania's GDP per capita (PPS) was at 59% of the EU average in 2016, an increase from 41% in 2007
(the year of Romania's accession to the EU), making Romania one of the fastest growing economies in the EU

Romania still has one of the lowest net average monthly wage in the EU of 540 in 2016, and an inflation
of 1.1% in 2016.Unemployment in Romania is at 5.4% in 2017, which is very low compared to other EU countries.

Current account
In 2015, Romanias balance-of-payments recorded a current account deficit of EUR 1,943 million, compared with
EUR 1,012 million in 2014.

The main component contributing to the current account on the balance of payments is foreign trade, which is
strongly deficient in Romania.

The deficit on the current account shows that Romania is net borrower from the rest of the world.

The primary income balance, which mainly includes dividends repatriated by foreign investors and those received
by Romanian investors from abroad, recorded a deficit. The secondary income balance, including the European
funds received by Romania and personal transfers made by Romanians living abroad, reached a surplus.

In 2015, the surplus on trade in services expanded by 15.8 percent year on year, spurred by the advance in road
freight transport, telecommunications, computer and information services.

The deficit on trade in goods came in at EUR 7,794 million in 2015, up 19.2 percent year on year, as exports and
imports increased by 4.9 percent and 6.6 percent respectively

Trade in services is mainly carried out with 11 countries, with roughly 80 percent of receipts coming from and over
70 percent of payments being made to: Germany, Italy, France, the United Kingdom, the United States of America,
Austria, the Netherlands, Spain, Belgium, Hungary and Switzerland.