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Romania Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
21,529,967 (July 2017 est.)GDP (PPP)
$481.5 billion (2017 est.)Third largest economy in Eastern Europe
GDP growth rate
7% (2017 est.)High and accelerating from an already healthy rate (4.5%)
GDP (PPP) per capita
$24,500 (2017 est.)Medium
Local currency
Lei (RON)Stable for the past 4 years
Financial stability (Public debt)
36.9% of GDP (2017 est.)Low to medium
Inflation
1.3% (2017 est.)Low but rebounding from deflation in 2016
Language
RomanianCorruption perception index (Source: Transparency International)
59/180Medium to high level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
19%
Corporate Tax
16% standard rate 1-3% special rate on revenue for companies with revenues up to 1M EUR
Duties
EU rules apply
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