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Economy of Romania vs Saint Vincent compared: GDP & Debt

Updated on by Georank team

Romania has a GDP of $383B compared to $1.16B for Saint Vincent, ranking 43/197 and 186/197 by economy size, respectively.

Romania has $219B in government debt (61.6% of GDP), compared to $1.07B (93.5% of GDP) in Saint Vincent.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Romania
GDP, current $

GDP, constant 2015 $
Saint Vincent
GDP, current $

GDP, constant 2015 $
Year GDP
Romania Saint Vincent
Current $ Constant $ Current $ Constant $
1960 - - $13,066,634 $159,183,504
1961 - - $13,999,965 $166,390,193
1962 - - $14,524,964 $172,537,082
1963 - - $13,708,299 $161,727,050
1964 - - $14,758,296 $167,661,989
1965 - - $15,108,296 $169,145,688
1966 - - $16,099,960 $169,145,688
1967 - - $15,835,106 $153,036,568
1968 - - $15,350,000 $162,998,799
1969 - - $16,650,000 $167,661,942
1970 - - $18,450,000 $185,678,709
1971 - - $20,051,922 $191,189,747
1972 - - $27,585,805 $240,576,905
1973 - - $30,165,081 $213,869,657
1974 - - $32,923,703 $195,005,088
1975 - - $33,237,226 $180,167,718
1976 - - $32,792,845 $198,863,398
1977 - - $49,353,162 $225,171,854
1978 - - $60,844,771 $247,187,974
1979 - - $71,096,360 $255,548,407
1980 - - $82,340,340 $261,790,740
1981 - - $102,086,539 $273,869,514
1982 - - $113,759,203 $286,130,239
1983 - - $122,255,350 $292,335,248
1984 - - $135,024,988 $311,589,438
1985 - - $145,641,705 $330,843,628
1986 - - $160,846,657 $349,370,013
1987 $38,067,567,568 - $175,580,647 $350,900,271
1988 $40,424,528,302 - $200,726,713 $400,288,412
1989 $41,450,777,202 - $214,745,002 $405,914,910
1990 $38,247,882,300 $116,460,149,705 $240,366,667 $422,757,077
1991 $28,850,634,900 $101,415,582,149 $254,829,630 $427,557,802
1992 $25,121,666,667 $92,524,246,376 $277,955,556 $454,827,185
1993 $26,361,160,450 $93,938,788,973 $286,307,407 $474,160,664
1994 $30,072,805,104 $97,632,408,356 $289,437,037 $468,244,924
1995 $37,430,162,103 $103,718,335,743 $316,007,407 $504,611,870
1996 $36,937,074,278 $107,771,339,314 $331,488,889 $511,110,827
1997 $35,575,214,078 $102,545,439,457 $347,770,370 $529,026,033
1998 $41,696,091,974 $100,463,958,893 $373,618,519 $550,664,228
1999 $35,953,156,754 $100,085,550,636 $390,718,519 $565,588,940
2000 $37,253,739,511 $102,548,872,692 $427,946,037 $574,859,123
2001 $40,395,116,581 $107,900,062,083 $462,072,333 $584,908,989
2002 $46,065,502,703 $114,053,593,614 $487,763,852 $616,155,570
2003 $57,806,384,143 $116,723,756,275 $509,090,889 $657,384,614
2004 $74,973,656,852 $128,895,841,499 $549,900,185 $684,434,011
2005 $98,454,380,120 $134,912,890,211 $579,948,926 $701,466,543
2006 $122,023,735,993 $145,744,791,283 $643,501,148 $750,547,640
2007 $174,588,782,939 $156,287,689,281 $713,596,667 $775,488,103
2008 $214,315,932,061 $170,834,114,653 $732,663,259 $778,626,044
2009 $174,110,532,659 $161,409,698,529 $714,300,259 $767,895,070
2010 $170,064,350,672 $155,105,339,844 $720,447,889 $733,566,567
2011 $192,623,977,894 $162,078,238,595 $713,796,370 $729,119,124
2012 $179,117,323,107 $165,163,587,446 $730,032,593 $737,643,344
2013 $189,798,603,751 $165,624,017,080 $764,781,259 $755,807,695
2014 $199,722,319,676 $172,441,103,432 $770,900,000 $765,257,214
2015 $177,885,131,240 $177,885,131,240 $786,555,556 $786,555,556
2016 $185,290,759,249 $182,972,525,962 $814,303,704 $819,165,612
2017 $210,147,385,855 $197,967,999,561 $844,040,741 $831,033,934
2018 $243,468,683,030 $210,085,482,251 $884,329,630 $857,424,343
2019 $251,677,082,534 $218,327,690,029 $910,481,481 $863,155,611
2020 $252,033,792,712 $210,305,491,426 $864,566,667 $826,308,151
2021 $286,578,196,368 $221,968,423,308 $888,677,778 $843,606,096
2022 $296,354,358,293 $230,770,154,207 $989,188,889 $869,849,273
2023 $350,775,856,415 $236,318,495,899 $1,072,237,037 $916,180,618
2024 $382,767,571,329 $238,241,389,260 $1,157,207,407 $953,394,362

Economic indicators

Romania Saint Vincent
Gross domestic product
$383B
2024
$1.16B
2024
GDP rank
43/197
2024
186/197
2024
GDP growth
9.12%
2023-2024
7.92%
2023-2024
GDP per capita
$20,072
2024
$11,501
2024
GDP per capita rank
58/197
2024
82/197
2024
GDP per capita, PPP
$48,712
2024
$21,272
2024
Government debt
$219B
2024
$1.07B
2024
Debt-to-GDP ratio
61.6%
2025
93.5%
2025
Government debt per person
$11,490
2024
$10,661
2024
Government debt per person rank
49/185
2024
56/185
2024
Average annual personal income after taxes
$13,200
2025
$14,935
2025
Market capitalization of domestic companies
$47.4B
2024
n/a
Number of billionaires
6
2025
n/a
Income share by richest 10%
21.8%
2023
n/a
Income share by poorest 10%
2.4%
2023
n/a
Government expenditure, % of GDP
39.2%
2025
36.4%
2025
Consumer prices inflation
7.3%
2024-2025
3.63%
2023-2024
Central bank interest rate
6.5%
2024
n/a
Unemployment rate
5.43%
2024
18.8%
2008
Population
18962595
99920

GDP per capita in Romania vs Saint Vincent

Romania's GDP per capita is $20,072, ranking 58/197, compared to $11,501 in Saint Vincent, ranking 82/197. Adjusted for purchasing power (GDP per capita PPP), Romania ranks 46th at $48,712, while Saint Vincent ranks 92nd at $21,272.

Romania
GDP per capita

GDP per capita, PPP
Saint Vincent
GDP per capita

GDP per capita, PPP
Year Current $
Romania Saint Vincent
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $154.8 -
1961 - - $163 -
1962 - - $166.5 -
1963 - - $154.9 -
1964 - - $164.4 -
1965 - - $166.2 -
1966 - - $174.9 -
1967 - - $170 -
1968 - - $163.1 -
1969 - - $175.2 -
1970 - - $192.3 -
1971 - - $207 -
1972 - - $282.1 -
1973 - - $306 -
1974 - - $331 -
1975 - - $331 -
1976 - - $324 -
1977 - - $484 -
1978 - - $592 -
1979 - - $687 -
1980 - - $790 -
1981 - - $972 -
1982 - - $1,074 -
1983 - - $1,144 -
1984 - - $1,254 -
1985 - - $1,342 -
1986 - - $1,472 -
1987 $1,659 - $1,596 -
1988 $1,753 - $1,814 -
1989 $1,790 - $1,930 -
1990 $1,648 $5,277 $2,150 $3,960
1991 $1,254 $4,792 $2,271 $4,126
1992 $1,102 $4,512 $2,471 $4,477
1993 $1,158 $4,696 $2,540 $4,769
1994 $1,323 $4,992 $2,563 $4,802
1995 $1,650 $5,425 $2,795 $5,277
1996 $1,633 $5,744 $2,930 $5,440
1997 $1,577 $5,563 $3,074 $5,726
1998 $1,853 $5,544 $3,301 $6,026
1999 $1,600 $5,596 $3,447 $6,266
2000 $1,660 $5,849 $3,769 $6,503
2001 $1,825 $6,521 $4,071 $6,768
2002 $2,120 $7,162 $4,303 $7,250
2003 $2,679 $7,560 $4,500 $7,903
2004 $3,495 $8,991 $4,873 $8,472
2005 $4,618 $9,602 $5,157 $8,986
2006 $5,758 $11,557 $5,745 $9,949
2007 $8,360 $13,703 $6,398 $10,604
2008 $10,435 $16,782 $6,599 $10,902
2009 $8,548 $16,632 $6,464 $10,869
2010 $8,400 $17,357 $6,552 $10,561
2011 $9,561 $18,804 $6,528 $10,774
2012 $8,930 $19,807 $6,714 $10,989
2013 $9,498 $19,678 $7,072 $11,625
2014 $10,032 $20,633 $7,169 $12,136
2015 $8,977 $21,630 $7,354 $12,379
2016 $9,405 $23,905 $7,657 $13,493
2017 $10,728 $26,943 $7,988 $13,575
2018 $12,502 $29,586 $8,428 $14,690
2019 $12,992 $33,638 $8,741 $15,340
2020 $13,082 $34,386 $8,351 $15,337
2021 $14,987 $37,733 $8,641 $16,201
2022 $15,558 $42,218 $9,694 $18,035
2023 $18,404 $45,777 $10,582 $19,820
2024 $20,072 $48,712 $11,501 $21,272

Spending and national debt comparison

In 2024, Romania's government spending was $152B, accounting for 39.2% of its GDP, while Saint Vincent's spent $453M, or 36.4% of GDP.

Debt-to-GDP ratio is 61.6% in Romania and 93.5% in Saint Vincent, ranking 74/185 and 27/185, respectively.

Romania
Government spending

Government debt
Saint Vincent
Government spending

Government debt
Year % of GDP
Romania Saint Vincent
Government spending Government debt Government spending Government debt
1962 43.4% - - -
1963 23.1% - - -
1964 25.1% - - -
1965 25.6% - - -
1966 27.3% - - -
1967 30.6% - - -
1968 31.8% - - -
1969 32.1% - - -
1970 28.1% - - -
1971 27.2% - - -
1972 29.9% - - -
1973 32.6% - - -
1974 37.6% - - -
1975 40.6% - - -
1976 37.5% - - -
1977 39.9% - - -
1978 42.1% - - -
1979 42% - - -
1980 33.6% - - -
1981 30.4% - - -
1982 28.5% - - -
1983 25.8% - - -
1984 28.6% - 23.1% -
1985 41.6% - 21.4% -
1986 42.5% - 22.3% -
1987 40.7% - 23.7% -
1988 36.6% - 24.8% -
1989 40.1% - 27.6% -
1990 38.4% - 23.1% 53.9%
1991 38.3% - 25.5% 52.1%
1992 41.5% - 25.4% 49.6%
1993 33.5% - 22.3% 48.1%
1994 33.1% - 22.4% 52.8%
1995 34.4% 6.91% 19.9% 46.8%
1996 33.5% 11% 20.9% 40.7%
1997 33.5% 15% 26% 38.8%
1998 34.7% 16.5% 25.2% 39.5%
1999 35.1% 21.7% 25.2% 52.9%
2000 35% 29.6% 23.8% 54.3%
2001 33.2% 27.4% 24.4% 52%
2002 32.1% 27.4% 25.7% 53.2%
2003 31.8% 24.9% 26% 55.3%
2004 33.7% 21.3% 24.9% 58.6%
2005 32.3% 17.8% 26.7% 50.5%
2006 33.9% 12.7% 26.1% 44.7%
2007 34.6% 12.4% 27.1% 48.5%
2008 35.3% 13% 28.4% 50.3%
2009 36.3% 22.5% 31% 57.2%
2010 37.4% 30.2% 31.1% 61.1%
2011 35% 32.6% 29.4% 64%
2012 33.5% 36.2% 26.5% 68.1%
2013 34.2% 39.3% 29.4% 69.9%
2014 33.8% 40.5% 30.4% 75%
2015 34.2% 39.4% 27.6% 75.1%
2016 31.8% 39.5% 27.1% 79.4%
2017 31% 37.1% 26.6% 69%
2018 31.7% 36.2% 26.3% 69.4%
2019 33.2% 36.5% 29.2% 68.2%
2020 38.1% 49.3% 32.9% 80%
2021 37% 51.5% 37.2% 88.4%
2022 37.4% 51.7% 36.6% 86.3%
2023 36.6% 52.1% 38.8% 89.2%
2024 39.8% 57.2% 39.1% 92.7%
2025 39.2% 61.6% 36.4% 93.5%

Government deficit by year

In 2024, Romania's government deficit, the difference between spending and revenue, was -$33.1B, equivalent to -8.65% of GDP. This compares to Saint Vincent's deficit of -$144M, or -12.5% of GDP.

Over the past 38 years, Romania recorded a fiscal deficit in 34 of those years, while Saint Vincent ran a deficit in 31 years. On average, Romania posted an annual deficit equal to -3.06% of GDP, compared to deficit of -2.76% of GDP for Saint Vincent.

Deficit/surplus
Romania

Saint Vincent
Year Deficit/surplus, % of GDP
Romania Saint Vincent
1962 -4.86% -
1963 -1.61% -
1964 -3.11% -
1965 -1.29% -
1966 0.91% -
1967 1.23% -
1968 1.65% -
1969 0.93% -
1970 0.52% -
1971 0.89% -
1972 1.21% -
1973 1.53% -
1974 0.51% -
1975 0.41% -
1976 0.66% -
1977 0.23% -
1978 0% -
1979 0% -
1980 -1.95% -
1981 0.61% -
1982 0.36% -
1983 9.35% -
1984 15.2% 2.5%
1985 6.36% 4.23%
1986 5.72% 2.32%
1987 2.37% 1.1%
1988 8.4% 0.59%
1989 -2.87% -1.92%
1990 1.03% 1.69%
1991 3.23% -0.47%
1992 -4.55% -3.25%
1993 -0.35% -1.46%
1994 -2.2% 0.12%
1995 -3.32% 1.08%
1996 -4.74% 1.57%
1997 -5.19% -2.77%
1998 -5.33% -1.81%
1999 -3.58% -1.93%
2000 -3.99% -0.82%
2001 -3.2% -1.6%
2002 -2.59% -2%
2003 -2.29% -2.51%
2004 -3.39% -2.71%
2005 -0.69% -4.3%
2006 -1.36% -3.13%
2007 -3.05% -3.07%
2008 -4.6% -1.3%
2009 -6.86% -2.85%
2010 -6.22% -3.7%
2011 -4.14% -3.5%
2012 -2.39% -1.81%
2013 -2.44% -5.81%
2014 -1.76% -2.82%
2015 -1.35% -2.01%
2016 -2.5% 0.04%
2017 -2.86% -1.56%
2018 -2.74% -1.65%
2019 -4.55% -3.45%
2020 -9.54% -5.92%
2021 -6.7% -7.19%
2022 -5.83% -9.35%
2023 -5.61% -11.9%
2024 -8.65% -12.5%
2025 -7.83% -7.74%

Inflation comparison by year

Over the past 29 years, Romania has recorded an average annual inflation rate of 18.2%, compared with 2.21% in Saint Vincent. In 2024, inflation was 7.3% in Romania and 3.63% in Saint Vincent.

Inflation
Romania

Saint Vincent
Year Inflation
Romania Saint Vincent Romania Saint Vincent
1996 38.8% 4.41%
1997 154.8% 0.44%
1998 59.1% 2.14%
1999 45.8% 1.01%
2000 45.7% 0.17%
2001 34.5% 0.9%
2002 22.5% 1.86%
2003 15.4% 0.21%
2004 11.9% 2.96%
2005 9% 3.73%
2006 6.6% 2.74%
2007 4.8% 7.24%
2008 7.8% 10.1%
2009 5.6% 0.42%
2010 6.1% 0.75%
2011 5.8% 3.19%
2012 3.3% 2.6%
2013 4% 0.81%
2014 1.1% 0.19%
2015 -0.6% -1.73%
2016 -1.6% -0.15%
2017 1.3% 2.15%
2018 4.6% 2.32%
2019 3.8% 0.91%
2020 2.6% -0.63%
2021 5% 1.57%
2022 13.8% 5.66%
2023 10.4% 4.56%
2024 5.6% 3.63%
2025 7.3% -

Top exports between countries

Romania
Export category Export value
Textiles & consumer goods $40K
Miscellaneous $33K
Machinery & equipment $12K
Saint Vincent
Export category Export value

Balance of trade

Romania Saint Vincent
Current account balance
-$32B
2024
-$157M
2024
Current account balance ranking
184/189
2024
91/189
2024
Current account balance, % of GDP
-8.36%
2024
-13.5%
2024
Goods imports
$129B
2024
$445M
2024
Goods exports
$93.3B
2024
$59.2M
2024
Service imports
$30.6B
2024
$196M
2024
Service exports
$42.9B
2024
$366M
2024
Imports of goods and services, % of GDP
41.7%
2024
n/a
Exports of goods and services, % of GDP
35.6%
2024
15.3%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Romania Saint Vincent
Economic freedom 66.5 60.1
Economic freedom ranking 57/197 95/197
Property rights 81.7 69
Government integrity 49.1 61.7
Judicial effectiveness 67 77.8
Tax burden 93.7 74.9
Government spending 59.1 58.9
Fiscal health 36.1 4.8
Business freedom 75.1 69.4
Labor freedom 67.8 59.7
Monetary freedom 69.2 76.5
Trade freedom 79.6 59
Investment freedom 70 70
Financial freedom 50 40

Economic freedom by year comparison

The Economic Freedom Index for Romania is 66.5, ranking 57/197, compared to 60.1 for Saint Vincent, ranking 95/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Romania
Saint Vincent
Year Economic freedom index
Romania Saint Vincent
1995 42.9 -
1996 46.2 -
1997 50.8 -
1998 54.4 -
1999 50.1 -
2000 52.1 -
2001 50 -
2002 48.7 -
2003 50.6 -
2004 50 -
2005 52.1 -
2006 58.2 -
2007 61.2 -
2008 61.7 -
2009 63.2 64.3
2010 64.2 66.9
2011 64.7 66.9
2012 64.4 66.5
2013 65.1 66.7
2014 65.5 67
2015 66.6 68
2016 65.6 68.8
2017 69.7 65.2
2018 69.4 67.7
2019 68.6 65.8
2020 69.7 66.8
2021 69.5 66.3
2022 67.1 65.7
2023 64.5 63.5
2024 64.4 59.8
2025 66.5 60.1

More economic indicators

Romania Saint Vincent
Services, % of GDP
62.5%
2024
66.4%
2024
Industry, % of GDP
25%
2024
15.4%
2024
Agriculture, forestry, and fishing, % of GDP
3.28%
2024
3.55%
2024
GNI, Atlas method
$336B
2024
$1.11B
2024
GNI per capita, PPP
$47,420
2024
$21,080
2024
Total reserves including gold
$73.4B
2024
$317M
2024
Total reserves ranking
35/177
2024
167/177
2024
Net foreign direct investment
-$6.21B
2024
-$74M
2024
Net inflows of foreign direct investment
$7.35B
2024
$73.8M
2024
Net outflows of foreign direct investment
$1.15B
2024
-$277K
2024
Servicing debt to the IMF, % of GNI
n/a
3.55%
2023
Poverty at national poverty lines
19%
2023
n/a
Gross capital formation, % of GDP
24.3%
2024
n/a

GDP per capita map

GDP per capita

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Economy comparisons

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.