Manufacturing Sector Contribution to GDP in Romania (1990-2022)

Manufacturing Sector Contribution to GDP in Romania (1990-2022)

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Romania (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Romania
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
Romania's manufacturing contribution has steadily declined from 31.7% in 1991 to 15.9% in 2020. Economic reforms, the 2007 EU accession, and foreign investment initially bolstered manufacturing, particularly in automotive and consumer goods. However, recent years show a gradual decline as labor costs rise and the economy diversifies. The decrease underscores Romania’s need to balance industrial growth with modernization challenges as part of the EU economic structure.

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