Compare Romania (2008) - Romania (2007)

Compare Romania (2008) z Romania (2007)

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	Romania (2008)	Romania (2007)

Budget	revenues: $52.96 billion expenditures: $56.85 billion (2007 est.)	revenues: $38.08 billion expenditures: $40.1 billion (2006 est.)
Debt - external	$85.86 billion (31 December 2007 est.)	$54.39 billion (2006 est.)
Diplomatic representation in the US	chief of mission: Ambassador Adrian Cosmin VIERITA chancery: 1607 23rd Street NW, Washington, DC 20008 telephone: [1] (202) 332-4846, 4848, 4851, 4852 FAX: [1] (202) 232-4748 consulate(s) general: Chicago, Los Angeles, New York	chief of mission: Ambassador (vacant); Charge d'Affaires Daniela GITMAN chancery: 1607 23rd Street NW, Washington, DC 20008 telephone: [1] (202) 332-4846, 4848, 4851, 4852 FAX: [1] (202) 232-4748 consulate(s) general: Chicago, Los Angeles, New York
Economic aid - recipient	$914.3 million (2004)	-
Economy - overview	Romania, which joined the European Union on 1 January 2007, 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. Domestic consumption and investment have fueled strong GDP growth in recent years, but have led to large current account imbalances. Romania's macroeconomic gains have only recently started to spur creation of a middle class and address Romania's widespread poverty. Corruption and red tape continue to handicap its business environment. Inflation rose in 2007 for the first time in eight years, driven in part by the depreciation of the currency, rising energy costs, a nation-wide drought affecting food prices, and a relaxation of fiscal discipline. Romania hopes to adopt the Euro by 2014.	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.
Exchange rates	lei per US dollar - 2.43 (2007), 2.809 (2006), 3 (2005), 3 (2004), 3 (2003)	lei per US dollar - 2.809 (2006), 3 (2005), 3 (2004), 3 (2003), 3 (2002)
Exports	92,510 bbl/day (2004)	NA bbl/day
Exports - commodities	machinery and equipment, textiles and footwear, metals and metal products, machinery and equipment, minerals and fuels, chemicals, agricultural products	textiles and footwear, metals and metal products, machinery and equipment, minerals and fuels, chemicals, agricultural products
GDP - composition by sector	agriculture: 7.9% industry: 35.6% services: 56.5% (2007 est.)	agriculture: 9.1% industry: 34.9% services: 56% (2006 est.)
GDP - real growth rate	5.9% (2007 est.)	7.7% (2006 est.)
Imports - commodities	machinery and equipment, fuels and minerals, chemicals, textile and products, metals, agricultural products	machinery and equipment, fuels and minerals, chemicals, textile and products, basic metals, agricultural products
Industrial production growth rate	8% (2007 est.)	5.7% (2006 est.)
Industries	electric machinery and equipment, textiles and footwear, light machinery and auto assembly, mining, timber, construction materials, metallurgy, chemicals, food processing, petroleum refining	textiles and footwear, light machinery and auto assembly, mining, timber, construction materials, metallurgy, chemicals, food processing, petroleum refining
Inflation rate (consumer prices)	4.6% (2007 est.)	6.6% (2006 est.)
International organization participation	ACCT, Australia Group, BIS, BSEC, CE, CEI, EAPC, EBRD, EIB, ESA (cooperating state), EU (new member), FAO, G- 9, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA (observer), MIGA, NAM (guest), NATO, NSG, OAS (observer), OIF, OPCW, OSCE, PCA, SECI, UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNMEE, UNMIL, UNMIS, UNOCI, UNOMIG, UNWTO, UPU, WCL, WCO, WEU (associate partner), WFTU, WHO, WIPO, WMO, WTO, ZC	ACCT, Australia Group, BIS, BSEC, CE, CEI, EAPC, EBRD, ESA (cooperating state), EU (new member), FAO, G- 9, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAIA (observer), MIGA, MONUC, NAM (guest), NATO, NSG, OAS (observer), OIF, OPCW, OSCE, PCA, SECI, UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNMEE, UNMIL, UNMIS, UNOCI, UNOMIG, UNWTO, UPU, WCL, WCO, WEU (associate partner), WFTU, WHO, WIPO, WMO, WTO, ZC
Labor force	9.35 million (2007 est.)	9.33 million (2006 est.)
Legislative branch	bicameral Parliament or Parlament consists of the Senate or Senat (137 seats; members are elected by popular vote on a proportional representation basis to serve four-year terms) and the Chamber of Deputies or Camera Deputatilor (332 seats; members are elected by popular vote on a proportional representation basis to serve four-year terms) elections: Senate - last held 28 November 2004 (next expected to be held in November 2008); Chamber of Deputies - last held 28 November 2004 (next expected to be held November 2008) election results: Senate - percent of vote by alliance/party - PSD-PUR 37.1%, PNL-PD 31.8%, PRM 13.6%, UDMR 6.2%, other 11.3%; seats by party - PSD 44, PNL 30, PD 20, PRM 20, PC 11, UDMR 10, independents 2; seats by party as of February 2008 - PSD 44, PDL 27, PNL 24, PRM 16, PC 10, UDMR 10, independents 6; Chamber of Deputies - percent of vote by alliance/party - PSD-PUR 36.8%, PNL-PD 31.5%, PRM 13%, UDMR 6.2%, other 12.5%; seats by party - PSD 111, PNL 66, PD 45, PRM 34, UDMR 22, PC 20, ex-PRM (Ciontu Group) 12, PIN (GUSA Group) 3, independent 1, ethnic minorities 18; seats by party as of February 2008 - PSD 104, PDL 73, PNL 56, PRM 25, UDMR 22, PC 16, independents 18, ethnic minorities 18	bicameral Parliament or Parlament consists of the Senate or Senat (137 seats; members are elected by popular vote on a proportional representation basis to serve four-year terms) and the Chamber of Deputies or Camera Deputatilor (332 seats; members are elected by popular vote on a proportional representation basis to serve four-year terms) elections: Senate - last held 28 November 2004 (next expected to be held in November 2008); Chamber of Deputies - last held 28 November 2004 (next expected to be held November 2008) election results: Senate - percent of vote by alliance/party - PSD-PUR 37.1%, PNL-PD 31.8%, PRM 13.6%, UDMR 6.2%, other 11.3%; seats by party - PSD 44, PNL 30, PD 20, PRM 20, PC 11, UDMR 10, independents 2; Chamber of Deputies - percent of vote by alliance/party - PSD-PUR 36.8%, PNL-PD 31.5%, PRM 13%, UDMR 6.2%, other 12.5%; seats by party - PSD 111, PNL 66, PD 45, PRM 34, UDMR 22, PC 20, ex-PRM (Ciontu Group) 12, PIN (GUSA Group) 3, independent 1, ethnic minorities 18
Military branches	Land Forces, Naval Forces, Romanian Air Force (Fortele Aeriene Romane, FAR), Special Operations (2008)	Land Forces, Naval Forces, Romanian Air Force (Fortele Aeriene Romane, FAR), Special Operations (2006)
Military expenditures - percent of GDP	1.9% (2007 est.)	2.47% (2005 est.)
Pipelines	gas 3,674 km; oil 2,424 km (2007)	gas 3,508 km; oil 2,427 km (2006)
Political parties and leaders	Conservative Party or PC [Daniela POPA] (formerly Humanist Party or PUR); Democratic Liberal Party or PDL [Emil BOC]; Democratic Union of Hungarians in Romania or UDMR [Bela MARKO]; National Liberal Party or PNL [Calin POPESCU-TARICEANU]; Romania Mare Party (Greater Romania Party) or PRM [Corneliu Vadim TUDOR]; Social Democratic Party or PSD [Mircea Dan GEOANA] (formerly Party of Social Democracy in Romania or PDSR)	Conservative Party or PC [Dan VOICULESCU] (formerly Humanist Party or PUR); Democratic Party or PD [Emil BOC]; Democratic Union of Hungarians in Romania or UDMR [Bela MARKO]; National Liberal Party or PNL [Calin Popescu-TARICEANU]; Romania Mare Party (Greater Romania Party) or PRM [Corneliu Vadim TUDOR]; Social Democratic Party or PSD [Mircea Dan GEOANA] (formerly Party of Social Democracy in Romania or PDSR)
Radio broadcast stations	698 (frequency type NA) (2006)	AM 40, FM 202, shortwave 3 (1998)
Telephone system	general assessment: rapidly improving domestic and international service, especially in wireless telephony domestic: more than 90 percent of telephone network is automatic; liberalization in 2003 is transforming telecommunications; fixed-line teledensity is roughly 20 telephones per 100 persons; mobile-cellular teledensity is approaching 80 telephones per 100 persons international: country code - 40; the Black Sea Fiber Optic System provides connectivity to Bulgaria and Turkey; satellite earth stations - 10; digital, international, direct-dial exchanges operate in Bucharest (2005)	general assessment: rapidly improving domestic and international service, especially in wireless telephony domestic: 90% of telephone network is automatic; liberalization in 2003 is transforming telecommunications; there has been 20% growth in fixed lines with a penetration rate of 58% of households; nation-wide wireless service is growing even faster with 4 major providers and a penetration rate of 32% international: country code - 40; satellite earth stations - 10; digital, international, direct-dial exchanges operate in Bucharest (2005)
Television broadcast stations	623 (plus 200 repeaters) (2006)	48 (plus 392 repeaters) (1995)
Unemployment rate	4.5% (2007 est.)	6.1% (2006 est.)

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