General Aspects Regarding the Evolution of the Main Macroeconomic Indicators in Romania
Keywords:
Gross Domestic Product (GDP), labor market, inflation rateAbstract
The authors of the paper focused on the analysis of the evolution of macroeconomic indicators and emphasized the dynamics of GDP, the contribution of the main components of GDP to economic growth, the inflation rate and the level of the labor market (average number of employees, unemployment rate, average net wage). Gross domestic product, being the representative indicator of results, is analyzed in accordance with resources and uses. In the quantitative analysis, the period 2014-2023 was taken into account.
The Romanian economy has been marked by transformations in the last 30 years. GDP followed an increasing trend, reaching 357 billion euros in 2024. As a result of structural changes in the economy, foreign investments and accession to the European Union, the Romanian economy is marked by accelerated economic growth.
References
Caruntu, Andreea Laura, The evolution of the main macroeconomic indicators of the romanian ecomony, Annals of the „Constantin Brâncuşi” University of Târgu Jiu, Economy Series, Issue 3, pp. 24-29, 2013
Tudorache, Maria-Daniela, Assessing the macroeconomic challenges in Romania after the economic and financial crisis Theoretical and Applied Economics, XXXI, 4(641), Winter, pp. 17-30, 2024
Anghel, Mădălina Gabriela, Anghelache, C., Dumbravă, Ș. G., Analiza evoluției principalilor indicatori economici, Revista Română de Statistică Supliment, 10, pp. 125-139, 2018, available on: https://www.revistadestatistica.ro/supliment/2018/10/analiza-evolutiei-principalilor-indicatori-economici/
Andreou, E., Ghysels, E., Kourtellos, A., Should Macroeconomic Forecasters use Daily Financial Data and how?. Journal of Business and Economic Statistics, 31, pp. 240–251, 2013
Anghelache, C., Anghel, M.G., Bazele statisticii economice. Concepte teoretice şi studii de caz, Editura Economică, Bucureşti, 2016
Anghelache, C. and Sacală, C., Theoretical model used for macroeconomic analysis. Romanian Statistical Review, Supplement, 7, pp. 57-60, 2016
Carroll, Ch., Macroeconomic Expectations of Households and Professional Forecasters. Quarterly Journal of Economics 118 (1), 269-298, 2003
Clark, T., Ravazzolo, F., Macroeconomic Forecasting Performance under Alternative Specifi cations of Time-Varying Volatility. Journal of Applied Econometrics, 30 (4), 551–575, 2015
Burghelea, Cristina, Acelean, Mirela Ionela, Gheorghiu, Anca, Burghelea, O.C., Aspects Of The Evolution Of The Main Macroeconomic Indicators In Romania, Internal Auditing and Risk Management, Athenaeum University of Bucharest, 34(1), pp. 97-104, 2014
Sîrbulescu, Elena Claudia, Alda, S., Chirila, Mariana, Chirila, D., Dincu, Ana-Mariana, Internal macroeconomic developments in Romania, Lucrări Ştiinţifice, Management Agricol, XXV (2), pp. 191-198, 2023
Mitu, N. E., Limits of the Relevance of the GDP indicator, Revue des Sciences Politiques, 76,2022, Available on: https://cis01.ucv.ro/revistadestiintepolitice/files/numarul76_2022/4.pdf
Anghelache, C., Mitruţ, C., Voineagu, V., Statistică macroeconomică. Sistemul Conturilor Naţionale, Editura Economică, București, 2013
Ioan, Gina, Ioan, C.A., Evolution and consequences of economic crisis in Romania, EuroEconomica, 34(2), pp. 2015, available on: https://journals.univ-danubius.ro/index.php/euroeconomica/article/view/2511/3135
https://data.worldbank.org/country/romania?locale=ro, accesed on15.04.2025
www.inss.ro, INS, Anuarul Statistic al Romaniei 2015-2024
Raport anual Consiliul fiscal al Romaniei, 2014-2023, https://consiliulfiscal.ro/
https://www.economistul.ro, accessed on 10.04.2025
https://www.forbes.ro, accessed on 18.04.2025
