Skip to content

Economy of Romania vs Slovakia compared: GDP & Debt

Updated on by Georank team

Romania has a GDP of $383B compared to $141B for Slovakia, ranking 42/197 and 61/197 by economy size, respectively.

Romania has $220B in government debt (57.4% of GDP), compared to $80.7B (57.2% of GDP) in Slovakia.

Romania vs Slovakia GDP by year

Romania
Slovakia
1x
Year GDP, current $
Romania Slovakia
2024 $382,564,217,989 $140,934,076,532
2023 $347,757,995,759 $133,578,518,424
2022 $295,319,437,557 $115,792,972,358
2021 $285,071,280,114 $120,511,265,913
2020 $250,625,048,304 $107,732,602,896
2019 $250,080,428,512 $105,843,498,304
2018 $241,791,427,224 $106,611,673,365
2017 $210,147,385,855 $95,978,130,735
2016 $185,290,759,249 $90,347,173,229
2015 $177,885,131,240 $89,178,548,717
2014 $199,722,319,676 $101,713,075,599
2013 $189,798,603,751 $99,134,277,850
2012 $179,117,323,107 $94,724,394,278
2011 $192,623,977,894 $99,705,104,723
2010 $170,064,350,672 $91,112,160,801
2009 $174,110,532,659 $89,342,984,698
2008 $214,315,932,061 $100,830,060,553
2007 $174,588,782,939 $86,587,749,518
2006 $122,023,735,993 $70,751,813,443
2005 $98,454,380,120 $62,547,753,148
2004 $74,973,656,852 $57,215,475,076
2003 $57,806,384,143 $46,616,149,117
2002 $46,065,502,703 $35,243,658,399
2001 $40,395,116,581 $30,726,659,551
2000 $37,253,739,511 $29,215,726,005
1999 $35,953,156,754 $30,496,272,225
1998 $41,696,091,974 $29,976,207,629
1997 $35,575,214,078 $27,844,628,979
1996 $36,937,074,278 $28,197,790,875
1995 $37,430,162,103 $26,180,022,222
1994 $30,072,805,104 $20,428,139,756
1993 $26,361,160,450 $16,737,973,764
1992 $25,121,666,667 $15,699,327,209
1991 $28,850,634,900 $14,459,924,589
1990 $38,247,882,300 $12,915,046,978
1989 $41,450,777,202 -
1988 $40,424,528,302 -
1987 $38,067,567,568 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/romania/slovakia | CC BY

GDP per capita in Romania vs Slovakia by year

Romania
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Romania Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $20,080 $49,077 $25,993 $48,132
2023 $18,244 $45,982 $24,615 $45,974
2022 $15,504 $41,979 $21,318 $41,562
2021 $14,908 $37,534 $22,123 $38,346
2020 $13,009 $34,194 $19,735 $35,328
2019 $12,910 $33,425 $19,406 $33,986
2018 $12,416 $29,383 $19,573 $31,510
2017 $10,728 $26,943 $17,646 $30,246
2016 $9,405 $23,905 $16,636 $29,868
2015 $8,977 $21,625 $16,442 $30,148
2014 $10,032 $20,633 $18,771 $29,108
2013 $9,498 $19,678 $18,313 $28,075
2012 $8,930 $19,808 $17,517 $27,023
2011 $9,561 $18,804 $18,469 $26,202
2010 $8,400 $17,355 $16,899 $25,382
2009 $8,548 $16,641 $16,587 $23,077
2008 $10,435 $16,782 $18,744 $23,714
2007 $8,360 $13,703 $16,110 $21,232
2006 $5,758 $11,554 $13,168 $18,906
2005 $4,618 $9,602 $11,642 $16,570
2004 $3,495 $8,989 $10,650 $15,166
2003 $2,679 $7,559 $8,675 $14,088
2002 $2,120 $7,162 $6,555 $13,292
2001 $1,825 $6,520 $5,712 $12,367
2000 $1,660 $5,850 $5,422 $11,370
1999 $1,600 $5,596 $5,652 $10,726
1998 $1,853 $5,545 $5,561 $10,666
1997 $1,577 $5,564 $5,172 $10,137
1996 $1,633 $5,746 $5,248 $9,500
1995 $1,650 $5,429 $4,883 $8,812
1994 $1,323 $4,995 $3,821 $8,178
1993 $1,158 $4,699 $3,143 $7,569
1992 $1,102 $4,515 $2,959 $7,270
1991 $1,254 $4,795 $2,727 $7,623
1990 $1,648 $5,280 $2,437 $8,638
1989 $1,790 - - -
1988 $1,753 - - -
1987 $1,659 - - -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

GeoRank.org/economy/romania/slovakia | CC BY

Romania's GDP per capita is $20,080, ranking 58/197, compared to $25,993 in Slovakia, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Romania ranks 47th at $49,077, while Slovakia ranks 49th at $48,132.

Economic indicators

Romania Slovakia
Gross domestic product
$383B
2024
$141B
2024
GDP rank
42/197
2024
61/197
2024
GDP growth
0.92%
2023-2024
1.94%
2023-2024
GDP per capita
$20,080
2024
$25,993
2024
GDP per capita rank
58/197
2024
47/197
2024
GDP per capita, PPP
$49,077
2024
$48,132
2024
GDP per capita PPP rank
47/197
2024
49/197
2024
Government debt
$220B
2024
$80.7B
2024
Debt-to-GDP ratio
57.4%
2024
57.2%
2024
Government debt per person
$11,533
2024
$14,876
2024
Government debt per person rank
48/185
2024
40/185
2024
Average annual personal income after taxes
$13,912
2026
$17,983
2026
Market capitalization of domestic companies
$47.4B
2024
$5.38B
2014
Number of billionaires
6
2025
2
2025
Income share by richest 10%
21.8%
2023
18.8%
2023
Income share by poorest 10%
2.4%
2023
3.3%
2023
Government expenditure, % of GDP
39.9%
2024
47.1%
2024
Consumer prices inflation
5.6%
2023-2024
2.76%
2023-2024
Central bank interest rate
6.5%
2024
n/a
Unemployment rate
5.43%
2024
5.34%
2024
Population
18839108
5359438

Spending and national debt comparison by year

Romania
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Romania Slovakia
Government spending Government debt Government spending Government debt
2024 39.9% 57.4% 47.1% 57.2%
2023 36.6% 52.1% 48% 55.6%
2022 37.4% 51.7% 43% 57.7%
2021 37% 51.5% 44.9% 60.2%
2020 38.1% 49.3% 44.5% 58.4%
2019 33.2% 36.5% 40.6% 48%
2018 31.7% 36.2% 39.7% 49.3%
2017 31% 37.1% 39.8% 51.4%
2016 31.8% 39.5% 40.9% 52.1%
2015 34.2% 39.4% 44.1% 51.6%
2014 33.8% 40.5% 42% 53.4%
2013 34.2% 39.3% 41.1% 54.6%
2012 33.5% 36.2% 40% 51.7%
2011 35% 32.6% 40.8% 43.3%
2010 37.4% 30.2% 41% 40.7%
2009 36.3% 22.5% 43.2% 36.4%
2008 35.3% 13% 36.5% 28.6%
2007 34.6% 12.4% 35.9% 30.4%
2006 33.9% 12.7% 38.2% 31.5%
2005 32.3% 17.8% 39.1% 35%
2004 33.7% 21.3% 38.4% 42%
2003 31.8% 24.9% 40% 43.6%
2002 32.1% 27.4% 46% 45.6%
2001 33.2% 27.4% 46.2% 51.4%
2000 35% 29.6% 53.2% 50.6%
1999 35.1% 21.7% 48.4% 47.1%
1998 34.7% 16.5% 46.2% 33.9%
1997 33.5% 15% 48.6% 32.8%
1996 33.5% 11% 52.8% 30.3%
1995 34.4% 6.91% 47.8% 21.3%
1994 33.1% - - -
1993 33.5% - - -
1992 41.5% - - -
1991 38.3% - - -
1990 38.4% - - -
1989 40.1% - - -
1988 36.6% - - -
1987 40.7% - - -
1986 42.5% - - -
1985 41.6% - - -
1984 28.6% - - -
1983 25.8% - - -
1982 28.5% - - -
1981 30.4% - - -
1980 33.6% - - -
1979 42% - - -
1978 42.1% - - -
1977 39.9% - - -
1976 37.5% - - -
1975 40.6% - - -
1974 37.6% - - -
1973 32.6% - - -
1972 29.9% - - -
1971 27.2% - - -
1970 28.1% - - -
1969 32.1% - - -
1968 31.8% - - -
1967 30.6% - - -
1966 27.3% - - -
1965 25.6% - - -
1964 25.1% - - -
1963 23.1% - - -
1962 43.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

GeoRank.org/economy/romania/slovakia | CC BY

In 2024, Romania's government spending was $153B, accounting for 39.9% of its GDP, while Slovakia spent $66.4B, or 47.1% of GDP.

Debt-to-GDP ratio is 57.4% in Romania and 57.2% in Slovakia, ranking 87/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Romania

Slovakia
1x
Year Deficit/surplus, % of GDP
Romania Slovakia
2024 -8.68% -5.27%
2023 -5.61% -5.15%
2022 -5.83% -1.16%
2021 -6.7% -5.09%
2020 -9.54% -5.3%
2019 -4.55% -1.21%
2018 -2.74% -1.01%
2017 -2.86% -0.98%
2016 -2.5% -2.59%
2015 -1.35% -2.78%
2014 -1.76% -3.25%
2013 -2.44% -2.86%
2012 -2.39% -4.37%
2011 -4.14% -4.36%
2010 -6.22% -7.44%
2009 -6.86% -8.18%
2008 -4.6% -2.54%
2007 -3.05% -2.26%
2006 -1.36% -3.57%
2005 -0.69% -2.86%
2004 -3.39% -2.36%
2003 -2.29% -2.28%
2002 -2.59% -8.35%
2001 -3.2% -7.74%
2000 -3.99% -12.7%
1999 -3.58% -7.25%
1998 -5.33% -5.37%
1997 -5.19% -6.24%
1996 -4.74% -9.72%
1995 -3.32% -3.43%
1994 -2.2% -
1993 -0.35% -
1992 -4.55% -
1991 3.23% -
1990 1.03% -
1989 -2.87% -
1988 8.4% -
1987 2.37% -
1986 5.72% -
1985 6.36% -
1984 15.2% -
1983 9.35% -
1982 0.36% -
1981 0.61% -
1980 -1.95% -
1979 0% -
1978 0% -
1977 0.23% -
1976 0.66% -
1975 0.41% -
1974 0.51% -
1973 1.53% -
1972 1.21% -
1971 0.89% -
1970 0.52% -
1969 0.93% -
1968 1.65% -
1967 1.23% -
1966 0.91% -
1965 -1.29% -
1964 -3.11% -
1963 -1.61% -
1962 -4.86% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/romania/slovakia | CC BY

In 2024, Romania's government deficit, the difference between spending and revenue, was $33.2B, equivalent to 8.68% of GDP. This compares to Slovakia's deficit of $7.43B, or 5.27% of GDP.

Over the past 30 years, Romania recorded a fiscal deficit in 30 of those years, while Slovakia ran a deficit in 30 years. On average, Romania posted an annual deficit equal to 4.05% of GDP, compared to deficit of 4.59% of GDP for Slovakia.

Inflation comparison by year

Inflation
Romania

Slovakia
1x
Year Consumer prices inflation
Romania Slovakia
2024 5.6% 2.76%
2023 10.4% 10.5%
2022 13.8% 12.8%
2021 5% 3.15%
2020 2.6% 1.94%
2019 3.8% 2.66%
2018 4.6% 2.51%
2017 1.3% 1.31%
2016 -1.6% -0.52%
2015 -0.6% -0.33%
2014 1.1% -0.08%
2013 4% 1.4%
2012 3.3% 3.61%
2011 5.8% 3.92%
2010 6.1% 0.96%
2009 5.6% 1.62%
2008 7.8% 4.6%
2007 4.8% 2.76%
2006 6.6% 4.48%
2005 9% 2.71%
2004 11.9% 7.55%
2003 15.4% 8.55%
2002 22.5% 3.13%
2001 34.5% 7.33%
2000 45.7% 12%
1999 45.8% 10.6%
1998 59.1% 6.67%
1997 154.8% 6.14%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/romania/slovakia | CC BY

Over the past 28 years, Romania has recorded an average annual inflation rate of 17.5%, compared with 4.45% in Slovakia. In 2024, inflation was 5.6% in Romania and 2.76% in Slovakia.

Top exports between countries

Romania
Export category Export value
Machinery & equipment $1.33B
Textiles & consumer goods $276M
Metals $218M
Transport & tourism services $151M
Raw materials & minerals $146M
Chemicals & pharma $91.2M
Processed food, beverages & tobacco $65.1M
Business & finance services $30.3M
Wood & paper products $29.4M
Raw agricultural goods $23.8M
Slovakia
Export category Export value
Machinery & equipment $1.68B
Metals $344M
Textiles & consumer goods $230M
Chemicals & pharma $200M
Raw materials & minerals $188M
Wood & paper products $120M
Processed food, beverages & tobacco $116M
Transport & tourism services $73M
Animal & marine products $29.8M
Miscellaneous $27.5M

Balance of trade

Romania Slovakia
Current account balance
-$31.2B
2024
-$6.5B
2024
Current account balance ranking
185/190
2024
171/190
2024
Current account balance, % of GDP
-8.16%
2024
-4.61%
2024
Goods imports
$129B
2024
$107B
2024
Goods exports
$93.3B
2024
$106B
2024
Service imports
$30.2B
2024
$13.2B
2024
Service exports
$42.9B
2024
$13.9B
2024
Imports of goods and services, % of GDP
41.6%
2024
85.7%
2024
Exports of goods and services, % of GDP
35.6%
2024
85.5%
2024

Economic freedom indices

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

Romania Slovakia
Economic freedom 65.4 67.7
Economic freedom ranking 64/197 54/197
Property rights 81 82.6
Government integrity 50 57.2
Judicial effectiveness 67 70.5
Tax burden 89.1 75.4
Government spending 56.7 36.4
Fiscal health 21.4 69.6
Business freedom 74.4 71.1
Labor freedom 63.6 55.1
Monetary freedom 72.7 69.7
Trade freedom 79.4 79.4
Investment freedom 70 75
Financial freedom 60 70

Economic freedom comparison by year

Romania
Slovakia
1x
Year Economic freedom index
Romania Slovakia
2026 65.4 67.7
2025 66.5 68.4
2024 64.4 68.1
2023 64.5 69
2022 67.1 69.7
2021 69.5 66.3
2020 69.7 66.8
2019 68.6 65
2018 69.4 65.3
2017 69.7 65.7
2016 65.6 66.6
2015 66.6 67.2
2014 65.5 66.4
2013 65.1 68.7
2012 64.4 67
2011 64.7 69.5
2010 64.2 69.7
2009 63.2 69.4
2008 61.7 70
2007 61.2 69.6
2006 58.2 69.8
2005 52.1 66.8
2004 50 64.6
2003 50.6 59
2002 48.7 59.8
2001 50 58.5
2000 52.1 53.8
1999 50.1 54.2
1998 54.4 57.5
1997 50.8 55.5
1996 46.2 57.6
1995 42.9 60.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/romania/slovakia | CC BY

The Economic Freedom Index for Romania is 65.4, ranking 64/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Romania Slovakia
Services, % of GDP
62.6%
2024
60%
2024
Industry, % of GDP
25.3%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
2.81%
2024
1.58%
2024
GNI, Atlas method
$335B
2024
$128B
2024
GNI per capita, PPP
$47,920
2024
$47,040
2024
Total reserves including gold
$73.4B
2024
$14.5B
2024
Total reserves ranking
35/177
2024
68/177
2024
Net foreign direct investment
-$5.17B
2024
-$2.77B
2024
Net inflows of foreign direct investment
$7.16B
2024
$5.01B
2024
Net outflows of foreign direct investment
$1.99B
2024
$2.24B
2024
Poverty at national poverty lines
19%
2023
13.7%
2021
Gross capital formation, % of GDP
25%
2024
20.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/romania/slovakia | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.

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.