Search by Country: ? Type in a country name to look into the price transmission of a country more specifically.

Romania

Welcome to the price transmission page for Romania. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Romania

Historic Warnings per Commodity

Select specific Date

Background information

Romania has an economy predominantly based on services, but the upper middle-income country is also a producer and net exporter of machines. The economy accounts for a vast variety of natural resources such as timber, natural gas, coal, iron ore, salt and hydropower among many others, some serving as a solid base for the national electric energy supply. The petroleum reserves are dwindling. In terms of IT and motor vehicle production, the country is a regional leader. Romania is a member of the EU.

Roughly two-thirds of the total land area is used as agricultural land; the rest of country is covered by forest. The agricultural sector is relatively big in Romania, employing slightly more than a quarter of the labor force and contributing to roughly 5% of GDP. Major crops include wheat, corn, barley, sugar beets, sunflower seeds, potatoes and grapes. The country is expanding its forestry and fishery industries. Overall, Romania is a net food exporter.

Unemployment with 7% is comparably low compared to other Central and Eastern European countries. Youth unemployment however amounts to almost one-quarter of the youth labor force. Roughly one-fifth is living below the national poverty line. Nevertheless, Romania ranks among the most income equal countries worldwide with Gini coefficient of 27.3. Current challenges include the rapidly ageing population and an insufficient health care system. In 2014, Romania received an HDI value of 0.793, moving up into the high human development category.