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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

WB expert claims Romania surpassed Hungary by GDP per capita

Romania surpassed Slovakia in terms of GDP per capita in 2020, and this year it surpassed Hungary, which is a unique economic performance, it is a first, Marcel Ionescu-Heroiu, a senior urban development expert at the World Bank, said at the videoconference Caravan Smart City Sibiu, organized by the Romanian Association for Smart City, together with the City Hall of Sibiu.

If the trends are maintained in one to two years, Romania will surpass Poland, he added, according to local Agerpres. Ionescu-Heroiu hasn’t quoted a specific source for the data.

The World Bank database shows that Romania (USD 12,900 in 2020) is still far from Hungary (USD 15,900) and Poland (USD 15,700) in terms of GDP per capita expressed in current prices - while the Slovak Republic (USD 19,200) is well above.

When it comes to GDP per capita based on purchasing power parity, the latest WB’s data (for 2019) reveals that Romania was not far from Slovak Republic (USD 32,350 versus USD 32,550) - while Hungary and Poland were far above (USD 33,950 and USD 34,150).

More recent (2020) GDP per capita based on PPP are reported by Eurostat. They show Romania at 72% of the EU average, behind Hungary (74%) and Poland (76%). Slovakia indeed lags behind Romania, at only 71% of the EU average.

andrei@romania-insider.com

(Photo source: Antonyesse/Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

WB expert claims Romania surpassed Hungary by GDP per capita

Romania surpassed Slovakia in terms of GDP per capita in 2020, and this year it surpassed Hungary, which is a unique economic performance, it is a first, Marcel Ionescu-Heroiu, a senior urban development expert at the World Bank, said at the videoconference Caravan Smart City Sibiu, organized by the Romanian Association for Smart City, together with the City Hall of Sibiu.

If the trends are maintained in one to two years, Romania will surpass Poland, he added, according to local Agerpres. Ionescu-Heroiu hasn’t quoted a specific source for the data.

The World Bank database shows that Romania (USD 12,900 in 2020) is still far from Hungary (USD 15,900) and Poland (USD 15,700) in terms of GDP per capita expressed in current prices - while the Slovak Republic (USD 19,200) is well above.

When it comes to GDP per capita based on purchasing power parity, the latest WB’s data (for 2019) reveals that Romania was not far from Slovak Republic (USD 32,350 versus USD 32,550) - while Hungary and Poland were far above (USD 33,950 and USD 34,150).

More recent (2020) GDP per capita based on PPP are reported by Eurostat. They show Romania at 72% of the EU average, behind Hungary (74%) and Poland (76%). Slovakia indeed lags behind Romania, at only 71% of the EU average.

andrei@romania-insider.com

(Photo source: Antonyesse/Dreamstime.com)

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