Names: conventional long form: none conventional short form: Romania local long form: none local short form: Romania
Capital City: Bucharest
Population: 22,303,552 (July 2006 est.)
GDP Per Capita: $8,800 (2006 est.)
Currency: leu (ROL) is being phased out in 2006; "new" leu (RON) was introduced in 2005 due to currency revaluation: 10,000 ROL = 1 RON
Languages: Romanian (official), Hungarian, German
Total Area: total: 237,500 sq km land: 230,340 sq km water: 7,160 sq km slightly smaller than Oregon
Region: Europe
Industries: textiles and footwear, light machinery and auto assembly, mining, timber, construction materials, metallurgy, chemicals, food processing, petroleum refining
Agriculture: wheat, corn, barley, sugar beets, sunflower seed, potatoes, grapes; eggs, sheep
Resources: petroleum (reserves declining), timber, natural gas, coal, iron ore, salt, arable land, hydropower
Labor Force:
9.33 million (2006 est.)
agriculture: 31.6% industry: 30.7% services: 37.7% (2004)
Exports:
$33 billion f.o.b. (2006 est.)
textiles and footwear, metals and metal products, machinery and equipment, minerals and fuels, chemicals, agricultural products
Imports:
$46.48 billion f.o.b. (2006 est.)
machinery and equipment, fuels and minerals, chemicals, textile and products, basic metals, agricultural products
Overview:
Romania began the transition from Communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country's needs. The country emerged in 2000 from a punishing three-year recession thanks to strong demand in EU export markets. Despite the global slowdown in 2001-02, strong domestic activity in construction, agriculture, and consumption have kept GDP growth above 4%. However, macroeconomic gains have only recently started to spur creation of a middle class and address Romania's widespread poverty, while corruption and red tape continue to handicap the business environment. Romanian government confidence in continuing disinflation was underscored by its currency revaluation in 2005, making 10,000 "old" lei equal 1 "new" leu. The economy grew at 6.4% in 2006, the strongest growth in the last decade. Romania joined the European Union on 1 January 2007, and the IMF has praised the country's recent reform efforts in preparation for EU accession.
In 2007 Missouri exported $4,047,815 in goods to Romania. This ranks Romania 59th among the 223 international buyers of Missouri goods. Missouri exports to Romania increased from the previous year by $7,070 a change of .17%. State exports to Romania have increased over the last 5 years by $2,354,649 a change of 139.07%. Missouri exports account for .03%. of all 2007 US exports to Romania.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 1,693,166 | 2,170,197 | 3,861,246 | 3,352,170 | 4,040,745 | 4047815 | |
| 000 - Total All Industries US | 248,409,929 | 366,923,301 | 501,638,428 | 631,884,947 | 550,119,128 | 680427486 | |