COUNTRY PROFILE Romania
Statistical tables Factor I: Economic Performance WORLD COMPETITIVENESS RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 1
COMPETITIVENESS TRENDS - OVERALL ROMANIA OVERALL PERFORMANCE (63 countries) CHALLENGES IN 2018 Increase Increase the the rate rate of EU of EU funds funds absorption. absorption. Achieve sustainable economic growth. Increase foreign direct investment stimulating job creation. Increase the innovative potential of enterprises, particularly SMEs, through technology transfer and business support infrastructure. Preparing for the euro changeover process. Provided CIT-IRECSON by: Center of Technological Information, Bucharest CIT-IRECSON Center of Technological Information, Bucharest 49 49 BASIC FACTS Rank Capital Land area (square km '000) Bucharest 238 2017 Exchange Rate (per $) 4.052 2017 Population - market size (millions) 19.64 2017 30 Gross Domestic Product (GDP) (US$ billions) 211.3 2017 44 GDP (PPP) per capita (US$) 24,9 2017 Real GDP growth (%) 7.0 2017 3 Consumer price inflation (%) 1.34 2017 20 Unemployment rate (%) 4.70 2017 21 Labor force (millions) 9.29 2017 30 Current account balance (% of GDP) -3.45 2017 57 Direct investment stocks inward ($bn) 71.8 2016 Direct investment flows inward (% of GDP) 2.34 2017 29 COMPETITIVENESS LANDSCAPE Economic Performance Government Efficiency Business Efficiency Infrastructure Domestic Economy International Trade International Investment Employment Prices Public Finance Tax Policy Institutional Framework Business Legislation Societal Framework Productivity & Efficiency Labor Market Finance Management Practices Attitudes and Values Basic Infrastructure Technological Infrastructure Scientific Infrastructure Health and Environment Education 22 33 45 38 35 52 58 57 44 39 45 PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS < 20 MILLION (34 countries) 30 30 32 33 34 26 26 28 28 29 2
COMPETITIVENESS TRENDS - FACTOR BREAKDOWN ROMANIA ECONOMIC PERFORMANCE 33 42 49 34 Sub-Factor Rankings : 2017 Domestic Economy 38 International Trade 37 International Investment 53 Employment 42 Prices 38 2018 33 22 GOVERNMENT EFFICIENCY 46 Sub-Factor Rankings : 2017 Public Finance 40 Tax Policy 39 Institutional Framework Business Legislation 40 Societal Framework 2018 45 38 BUSINESS EFFICIENCY 49 49 52 52 Sub-Factor Rankings : 2017 Productivity & Efficiency 33 Labor Market Finance 58 Management Practices 53 Attitudes and Values 52 2018 35 52 58 57 44 INFRASTRUCTURE 42 42 49 Sub-Factor Rankings : 2017 Basic Infrastructure 54 Technological Infrastructure 41 Scientific Infrastructure Health and Environment 45 Education 49 2018 39 45 3
WORLD COMPETITIVENESS DIGITAL RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 4
DIGITAL TRENDS - OVERALL ROMANIA OVERALL PERFORMANCE (63 countries) Overall Alpha Alpha Factors Beta BetaLabel Gamma GammaLab Sub-Factors 1 2 2 2 2 2 2 4 4 4 2 2 6.5 4 4 2 2 8.5 4 4 2 2 10.5 4 4 2 2 45 45 Knowledge Talent Training & education Scientific concentration 44 39 62 Technology Regulatory framework Capital Technological framework 57 46 60 58 The direction of the triangle indicates the performance change from the last year: improved or stable declined Future readiness Adaptive attitudes Business agility IT integration OVERALL & FACTORS - 5 years OVERALL Knowledge Technology Future readiness 54 49 54 48 45 45 46 46 44 57 57 59 57 COMPETITIVENESS & DIGITAL RANKINGS Digital Competitiveness 49 49 N.B. This graph provides only a comparison of the country s performance in the two rankings. 54 54 PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS < 20 MILLION (34 countries) 38 35 35 38 34 32 32 32 30 5
u Overall top strengths w Overall top weaknesses FACTORS BREAKDOWN - STRENGHTS AND WEAKNESSES ROMANIA KNOWLEDGE Subfactors Talent 54 49 49 45 45 Training & education 48 45 52 Scientific concentration 44 42 41 Talent Rank Rank Rank Training & education Scientific concentration Educational assessment PISA - Math 42 Employee training 52 Total expenditure on R&D (%) International experience 41 Total public expenditure on education 48 Total R&D personnel per capita 44 Foreign highly-skilled personnel 42 Higher education achievement 52 u Female researchers 13 w Management of cities 59 Pupil-teacher ratio (tertiary education) 46 R&D productivity by publication 21 u Digital/Technological skills 15 u Graduates in Sciences 14 Scientific and technical employment 42 Net flow of international students 42 Women with degrees - High-tech patent grants 30 TECHNOLOGY Subfactors Regulatory framework 41 29 41 39 Capital 58 58 58 60 62 Technological framework 44 37 36 33 Regulatory framework Rank Capital Rank Technological framework Rank Starting a business 33 IT & media stock market capitalization u Communications technology 15 Enforcing contracts 16 w Funding for technological development 57 Mobile Broadband subscribers Immigration laws 32 Banking and financial services 55 Wireless broadband Development and app. of technology Investment risk Internet users Scientific research legislation 53 Venture capital u Internet bandwidth speed 12 Intellectual property rights 48 Investment in Telecommunications 49 High-tech exports (%) 42 FUTURE READINESS Subfactors Adaptive attitudes 59 58 59 60 46 Business agility 57 59 60 60 IT integration 42 42 58 58 Adaptive attitudes Rank Business agility Rank IT integration Rank E-Participation 44 w Opportunities and threats 58 E-Government 53 Internet retailing 42 Innovative firms w Public-private partnerships 62 Tablet possession 37 w Agility of companies 57 Cyber security 39 Smartphone possession Use of big data and analytics 34 Sofware piracy Attitudes toward globalization 46 Knowledge transfer 6
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