Constant GDP per capita for Romania
NYGDPPCAPKDROU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,493.43
Year-over-Year Change
51.72%
Date Range
1/1/1990 - 1/1/2024
Summary
The 'Constant GDP per capita for Romania' trend measures the inflation-adjusted level of economic output per person in Romania. It is a key indicator of a country's standard of living and economic development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric tracks the real Gross Domestic Product (GDP) per capita in Romania, providing insight into the nation's economic productivity and growth over time. It is an important barometer used by economists, policymakers, and analysts to assess Romania's economic performance and competitiveness.
Methodology
The data is calculated by the World Bank by dividing Romania's GDP (adjusted for inflation) by its total population.
Historical Context
Trends in Romania's constant GDP per capita are closely monitored by international financial institutions and investors to gauge the country's macroeconomic conditions and investment climate.
Key Facts
- Romania's constant GDP per capita was $12,789 in 2021.
- GDP per capita in Romania has grown by over 50% since 2000.
- Romania ranks 50th globally in terms of constant GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The 'Constant GDP per capita for Romania' trend measures the real, inflation-adjusted level of economic output per person in Romania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Romania's overall economic productivity and living standards, making it a key indicator used by economists, policymakers, and investors to assess the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank by dividing Romania's GDP (adjusted for inflation) by its total population.
Q: How is this trend used in economic policy?
A: Trends in Romania's constant GDP per capita are closely monitored by international financial institutions and investors to gauge the country's macroeconomic conditions and investment climate.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Romania (NYGDPPCAPKDROU), retrieved from FRED.