Romania

Capital: Bucharest
Population: 22,246,862
Area: 238,391 SQ KM
Currency: Leu
Currency Code: RON
GDP Per Capita (PPP): $7,697
GDP (Purchasing Power Parity): $245.85 Billion
GDP Real Growth Rate: 8.8%
GDP Composition by Industry Sector: Services:  55% - Industry: 35% - Agriculture: 10%

Industry & Economy: The economy is predominantly based on services, which account for 55% of GDP, even though industry and agriculture also have significant contributions, making up 35% and 10% of GDP, respectively. Additionally, 32% of the Romanian population is employed in agriculture and primary production, one of the highest rates in Europe.  Romania is an upper-middle income country economy and has been part of the European Union since January 1, 2007.  The GDP grew by 8.8% in the first half of 2008.   Unemployment in Romania was at 3.9% in September 2007 which is very low compared to other middle-sized or large European countries such as Poland, France, Germany and Spain. Foreign debt is also comparatively low, at 20.3% of GDP.   The country, however, maintains a large trade deficit, which increased sharply during 2007 by 50%, to €15 billon.