Gross Domestic Product Per Capita for Romania
PCAGDPROA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,072.41
Year-over-Year Change
124.78%
Date Range
1/1/1987 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per capita for Romania is a key economic indicator that measures the country's economic output per person. It provides insights into the overall standard of living and productivity within the Romanian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is calculated by dividing Romania's total GDP by its population. It is a valuable metric for evaluating economic growth, comparing living standards across countries, and informing policymaking decisions.
Methodology
The data is collected and reported by the World Bank as part of their World Development Indicators database.
Historical Context
Economists and policymakers use Romania's GDP per capita to assess the country's economic performance and development over time.
Key Facts
- Romania's GDP per capita was $14,220 in 2021.
- GDP per capita has grown by over 50% in Romania since 2010.
- Romania's GDP per capita is still below the European Union average.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per capita for Romania measures the country's economic output divided by its population, providing insights into living standards and productivity.
Q: Why is this trend relevant for users or analysts?
A: Romania's GDP per capita is a key indicator for evaluating the country's economic growth, development, and living standards compared to other nations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of their World Development Indicators database.
Q: How is this trend used in economic policy?
A: Economists and policymakers use Romania's GDP per capita to assess the country's economic performance and inform policy decisions aimed at promoting economic growth and improving living standards.
Q: Are there update delays or limitations?
A: The GDP per capita data for Romania is updated annually by the World Bank, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Romania (PCAGDPROA646NWDB), retrieved from FRED.