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Romania and the Dynamics of Regional Disparities From the EU

Author

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  • Radu GHEORGHE

    (Athenaeum University, Bucharest, Romania)

Abstract

According to the National Institute of Statistics data in 2017, Romania’s economy grew by 7%, with GDP reaching 856 billion lei (187.5 billion euro). Starting in 2018, it is estimated that Romania’s economy will become the EU’s 16th economy, the prospects being pretty good (it is estimated that in the future years the Czech Republic and Portugal will be overtaken, and Romania’s economy will become even the 14th economy of UE28). Beyond these advances, Romania remains within the European space a country of disparities. On the one hand, GDP per capita (GDP / inhabitant) remains quite low, with only 9,500 euro (12,100 euro in Poland, 18,100 euro in the Czech Republic), being the last but one place at European level. On the other hand, even if for Romania the pace of recovery is very good (63% of the European average at the end of 2017, compared to 40% in 2007), the statistical data indicate a process of deepening intra-regional disparities, in the context in which, according to the National Prognosis Commission, the projection of the main economic and social indicators in the territorial profile until 2021 does not seem encouraging at all.

Suggested Citation

  • Radu GHEORGHE, 2018. "Romania and the Dynamics of Regional Disparities From the EU," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 51(3), pages 66-76, September.
    • Handle: RePEc:ath:journl:v:51:y:2018:i:3:p:66-76
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    More about this item

    Keywords

    cohesion; cross-border; disparity index; environment; gap; gross domestic product; growth; imbalance; international development cooperation policy; region; cooperation; territorial development territorial profile.;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • Z1 - Other Special Topics - - Cultural Economics

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