A good moment to analyze the spectacular evolutions of Romania’s indicators since accession: from GDP/capita to wages and purchasing power, from European funds to the evolution of the Stock Exchange, from the evolution of the degree of poverty to the growth rate of the economy.
In the last two decades, the level of GDP per capita increased strongly in most of the countries that joined the EU (2004-first wave, 2007-second wave of which Romania was also a part). Thus, GDP per capita, expressed at Purchasing Price Parity (PPP), doubled in Romania and Poland.
Slovakia has also achieved a remarkable performance, as GDP per capita is 75% higher than in 2004.
In Hungary, GDP per capita is 50% higher.
Slovenia and the Czech Republic gained 40%, but their starting point was the highest in CEE8. Furthermore, since 2008, nominal wages have grown at least twice as fast as the EU27 average.
Last year, Romania surpassed Hungary in GDP per capita (reported to Purchasing Power Parity – PPC), reaching 78% of the EU27 average compared to 76% that Hungary had, according to preliminary data from the office of statistics of the EU, Eurostat. Romania came much closer to Poland, which is at 80% compared to the EU average.
Moreover, on the course of governance
Tags: European Romania Europe Day fastest growing economy Poland comparison ECE states Ziarul Iasi
