estic activity in
construction, agriculture, and consumption have kept growth above
4%. An IMF standby agreement, signed in 2001, was accompanied by
slow but palpable gains in privatization, deficit reduction, and the
curbing of inflation. The IMF Board approved Romania's completion of
the standby agreement in October 2003, the first time Romania had
successfully concluded an IMF agreement since the 1989 revolution.
In July 2004, the Executive Board of the IMF approved a 24-month
standby arrangement for $367 million. The Romanian authorities do
not intend to draw on this arrangement, viewing it as a precaution.
Meanwhile, recent macroeconomic gains have done little to address
Romania's widespread poverty, and corruption and red tape handicap
the business environment.

GDP:
purchasing power parity - $155 billion (2003 est.)

GDP - real growth rate:
4.9% (2003 est.)

GDP - per capita:
purchasing power parity - $7,000 (2003 est.)

GDP - composition by sector:
agriculture: 13.1%
industry: 38.1%
services: 48.8% (2003)

Investment (gross fixed):
22.5% of GDP (2003)

Population below poverty line:
44.5% (2000)

Household income or consumption by percentage share:
lowest 10%: 3.2%
highest 10%: 25% (1998)

Distribution of family income - Gini index:
31.1 (1998)

Inflation rate (consumer prices):
15.3% (2003)

Labor force:
9.28 million (2003 est.)

Labor force - by occupation:
agriculture 41.4%, industry 27.3%, services 31.3% (2000)

Unemployment rate:
7.2% (2003)

Budget:
revenues: $17.06 billion
expenditures: $18.38 billion, including capital expenditures of NA
(2003 est.)

Public debt:
25.5% of GDP (2003)

Agriculture - products:
wheat, corn, barley, sugar beets, sunflower seed, potatoes, grapes;
eggs, sheep

Industries:
textiles and footwear, light machinery and auto assembly, mining,
timber, construction materials, metallurgy, chemicals, food
processing, petroleum refining

Industrial production growth rate:
2.3% (2003)

Electricity - production:
50.86 billion kWh (2001)

Electricity - consumption:
46.1 billion kWh (2001)

Electricity - exports:
1.6 billion kWh (2001)

Electricity - imports:
400 million kWh (2001)

Oil - production:
127,500 bbl/day (2001 est.)

Oil - consumption:
215,000 bbl/day (2001 est.)

Oil - exports:
NA (2001)

Oil - imports:
NA (2001)

Oil - proved reser