The monthly minimum wage in Romania is 481 USD. Romania has a public debt equivalent to 42.5% of the country's gross domestic product (GDP), estimated in 2012. In terms of consumer prices, inflation in Romania is 3.2%. The currency of Romania is the Romanian Leu. The plural form of the word Romanian leu is lei. The symbol used for this currency is Lei and is abbreviated to RON. The Romanian leu is divided into ban; there are 100 in a leu. Every year, consumers spend around $101,103 million. The ratio of consumer spending to GDP in Romania is 0.05% and the ratio of consumer spending to world consumer market is 29.15%. Corporate tax in Romania is 16%. Personal income tax ranges from 16% to 16% depending on your specific situation and income level. VAT in Romania is 19%.
Gross domestic product
Total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Romania is US$393,830 billion. Gross Domestic Product (GDP) per capita, calculated as Purchasing Power Parity (PPP) in Romania was last seen at $20,113,240. PPP in Romania is considered very good compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. The total gross domestic product (GDP) in Romania is 192,094 billion. Based on this statistic, Romania is considered to be medium strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. Gross domestic product (GDP) per capita in Romania was last seen at $9,810,408. The average citizen in Romania has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Romania in 2014 averaged 2.4%. According to this percentage, Romania is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.
https://www.confiduss.com/en/jurisdictions/romania/economy/finance/
