About the ILO in Romania

Growth is becoming more volatile and key social policy challenges remain

The democratic transition in Romania comprised difficult economic and social reforms including the restructuring of entire industries. Since the 1990s, Romania has seen periods of fast growth being considered as one of Europe’s few tiger economies. However, this growth track has been volatile with several setbacks due to inconsistent reforms and recessions of the global economy. Overall, GDP per capita rose from 30 per cent of EU average in 1995 to 74 per cent in 2021, with particularly fast growth since 2015, not least due to a burgeoning IT sector and growth in electronics and automotive manufacturing. Recently, the country moved from middle to high-income status.  Continue reading